At&t Seeks To Knock Out U.s. Ally Sprint In T-mobile Hearing

AT&T Inc. will ask a federal judge to throw out Sprint Nextel Corp.’s lawsuit to stop its purchase of T-Mobile USA Inc., seeking a decision that would curb Sprint’s ability to help the U.S. block the deal.

AT&T Seeks to Knock Out U.S. Ally Sprint in T-Mobile Hearing

Backlink: http://www.businessweek.com/news/2011-10-24/at-t-seeks-to-knock-out-u-s-ally-sprint-in-t-mobile-hearing.html

DealBook: Valuing Ally Financial

If the current valuation is correct, the government is looking at a net gain on its investment of $3.8 billion.

DealBook: Valuing Ally Financial

Backlink: http://feeds.nytimes.com/click.phdo?i=d0c5a253230eecbcf01503d6017e6d13

DealBook: U.S. Unveils Plan to Sell Stake in Ally, Once GMAC

The Treasury Department said it would exchange $5.5 billion of preferred stock into common shares, raising its equity stake to 74 percent, from 56 percent, of the outstanding common stock. The government, as part of its bailout of the financial system, had poured a total of $17.2 billion into GMAC, now known as Ally Financial, to stabilize the troubled auto and mortgage lender at the height of the crisis.

DealBook: U.S. Unveils Plan to Sell Stake in Ally, Once GMAC

Backlink: http://feeds.nytimes.com/click.phdo?i=27094cb19d3252cd2681fa41edf651e8

Ally to Pay Fannie Mae $462 Million

The payment is to settle buyback claims on the $292 billion in home loans that Ally sold to Fannie Mae before the industry tightened underwriting standards.

Ally to Pay Fannie Mae $462 Million

Backlink: http://feeds.nytimes.com/click.phdo?i=865b2b2f5a90cf46cbfd8baba2a7f80a