Many companies have negative income and debt as we have recently seen. Just producing main products will cover some of costs; then, if economy does not recover soon ~ going bankrupt. Economic cycle and management malfunction for not planning ahead.
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No Bailout ~ making real problems worse.
Traders have been expecting the market to move higher in a December "Santa" rally but concerns about the auto industry stalled its progress. On Friday, the Bush Administration indicated it could provide emergency funds to the industry after Congress failed to craft a rescue. That soothed investor concerns that General Motors would soon file bankruptcy, setting off a string of cascading bankruptcies and massive job losses.