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GM sets $1.95 billion credit line for GM Financial

General Motors Co. has entered a revolving-credit agreement with a banking syndicate that includes JPMorgan Chase and Citibank, the company said in a filing late Friday. The unsecured credit line gives it a borrowing capacity of $1.95 billion and matures ...

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Struggling Chesapeake Energy halts dividend

Chesapeake Energy Corp. said late Friday it has halted dividend payments on each series of its outstanding convertible preferred stock, effective immediately. “Suspension of the dividend does not constitute an event of default under any of the company’s debt instruments,” ...

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