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Improvements in home mortgage unit lifts Ally Financial to $565M profit, expects IPO next year

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Angsuman Chakraborty

Posts: 19816
Nickname: angsuman
Registered: Dec, 2003

Angsuman Chakraborty is the CEO and Chief Architect at Taragana
Improvements in home mortgage unit lifts Ally Financial to $565M profit, expects IPO next year Posted: Aug 3, 2010 5:35 PM
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This post originated from an RSS feed registered with Java Buzz by Angsuman Chakraborty.
Original Post: Improvements in home mortgage unit lifts Ally Financial to $565M profit, expects IPO next year
Feed Title: Simple Thoughts - Java and Web Technology Blog
Feed URL: http://tech.gaeatimes.com/index.php/feed/
Feed Description: News and views as a Software Architect and Entrepreneur on Java and Web Software. 		Latest Java Buzz Posts
Latest Java Buzz Posts by Angsuman Chakraborty
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Ally Financial posts 2Q profit, expects 2011 IPO NEW YORK — Ally Financial Inc. on Tuesday said it expects to hold an initial public offering next year after posting a second-quarter profit of $565 million, driven by improvements in its home mortgage business and more demand for auto loans. The results compare with a loss of $3.9 .... Source  : Gaea News Network.

Read: Improvements in home mortgage unit lifts Ally Financial to $565M profit, expects IPO next year

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