Girls Gone Wild “Saga” Continues
By: Elizabeth Cate
Joe Francis a No Show for Court Proceeding
Source: WMBB News Department
Community Members Experience “One Night Without a Home”
By: Erin Hawley
Fire Near New Airport No Cause for Concern
By: Jessi Chapin
Lucky Puppy Dog Rescue Adoption Event
By: Erin Hawley
Bay Med Hosts Construction Tour
By: Allyson Walker
Florida’s Unemployment Climbs but Panhandle Boasts Some of the Lowest Rates
Source: Associated Press
Thomas Drive and Joan Avenue to be Closed for Construction
Source: City of Panama City Beach
Rates for High-Risk Accounts Going Up
Source: Associated Press
Shoppers Should Know Their Rights Before the Holidays
Source: Associated Press
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DETROIT (AP) - Detroit’s Big 3 could become Detroit’s Big 2.
General Motors and Chrysler have reportedly held talks about a possible merger or other acquisition. A person familiar with the talks says they involve Cerberus Capital Management, which owns 80 percent of Chrysler and also has a joint venture with GM.
Besides merger negotiations, The Wall Street Journal reports that Cerberus is proposing trading Chrysler’s automotive operations to GM in exchange for GM’s remaining 49 percent stake in GMAC Financial Services. Cerberus already owns the other 51 percent.
The Journal says the talks, which began more than a month ago, have stalled because of the turmoil in financial markets. The New York Times says its sources say chances of a merger are “50-50.”
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