General Motors Corp. isn’t abandoning plans for its Hughes Electronics unit, despite a preliminary ruling made Oct. 10 by the Federal Communications Commission nixing the proposed sale of Hughes to EchoStar Communications Corp. "If the merger is ultimately not approved, we believe we have alternatives," says GM Chief Financial Officer John Devine. "Today is premature to discuss them. But I want to make sure people realize there’s a very important value in the Hughes business. "We’re ...
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