GMAC

(Newser) - After taking ownership stakes in banks totaling $250 billion, the Treasury is preparing to broaden rescue efforts to include companies outside the banking sector, the Washington Post reports. Hundreds of billions of the $700 billion bailout package could go to relieve some institutions that, though not chartered as banks, borrow...

(Newser) - More than 6,000 students are embroiled in a cheating scandal that could cost them their place at one of the nation’s business schools, BusinessWeek reports. The prospective MBA students were members of ScoreTop.com, a test-prep site that featured current GMAT questions. Test publisher GMAC sued the company,...

(Newser) - The continued struggles of Chrysler and GMAC—two of Cerberus Capital Management’s largest and most recognized purchases—have observers wondering if the private equity darling has lost its Midas touch, reports Reuters. S&P has downgraded GMAC’s credit rating, Chrysler's January sales slipped 12% even as the company...