Initial public offering »GM Paying Down Debt, Other Obligations by $11 Billion

 Initial public offering »GM Paying Down Debt, Other Obligations by $11 Billion
Oct. 28 -2010-- Robert Schulz, an analyst at Standard & Poor's talks about General Motors Co.'s plans to reduce its debt and other obligations by $11 billion, cutting interest costs and preferred dividends by $500 million a year.GM Moves to Clean Up Its Books Before IPO GM to cut debt, pension obligations by $11 billion
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