UPDATE 1-Obama has decided bankruptcy best for GM - Bloomberg

Newswire

* "quick and surgical" bankruptcy option favoured - Bberg * U.S. stock futures, dlr fall on GM bankruptcy fears * President's thinking on GM unchanged - snr Obama official (Adds details, impact on stock and forex markets, background) SINGAPORE, April 1 (Reuters) - President Barack Obama has determined that a prepackaged bankruptcy is the best way for General Motors Corp to restructure and become a competitive automaker, Bloomberg reported, quoting people familiar with the matter. ...

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