GMAC

What’s in a name? Many companies create their name based on the founder or the key sector the company competes in. Over time, as the company changes leadership and expands into other areas, the name no longer fits. Here is a look at nine companies that changed their iconic names and in most...

Major indices continued its decline from yesterday as the Dow suffered a triple digit point loss for the second consecutive day. Positive retail sales data added to an otherwise already convincing case that the economy is strong enough for the Federal Reserve to begin tapering. The Fed's policy...

Ally Financial Inc.'s mortgage unit, formerly GMAC, has temporarily suspended evictions and some bank-owned closings on homes in 23 states, reported the Washington Post, today. In an internal memo dated Sept. 17 and marked "urgent," brokers and agents of the company's GMAC mortgage unit were...

In an attempt to pay back taxpayers, Ally Financial may seek to go public next year as it hopes to pay back part or all of the $17 billion U.S. taxpayers funded it with writes Bloomberg. After GM purchased subprime car lender AmeriCredit Corp. for $3.5 billion, the value of Ally may be worth as...