homeWelcome, sign in or click here to subscribe.login
     


 

 

Business


Subscriber content preview

May 15, 2007

Chrysler deal fails to ignite stocks

NEW YORK (AP) — Wall Street closed narrowly mixed Monday after investors, uneasy about the government's upcoming inflation data, cashed in some of their gains from the market's months-long rally.

Blue chip stocks managed a modest increase following DaimlerChrysler AG's announcement that it will sell 80.1 percent of money-losing Chrysler Group to Cerberus Capital Management LP, a private equity group, for $7.4 billion. The deal, which lifted stocks in the automotive sector, undoes a 1998 merger aimed at creating a global auto giant.


 
. . .


To read this story in full login or purchase a subscription.




Email or user name:
Password:
 
Forgot password? Click here.