Topic: Cerberus Capital Management LP

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Stocks up; S&P 500 hits five-year high

Stocks closed higher on Wall Street Thursday, sending the S&P 500 index to another five-year high. A good start to earning reports season helped push stocks up.
Supervalu Inc. to sell 5 grocery chains, including Albertsons, Acme, and Shaw's

The sale to AB Acquisition, an investor group led by Cerberus Capital Management, will include 877 stores.
Newtown students return to school (+video)

Students in Newtown, Connecticut, other than those from Sandy Hook Elementary, went back to school on Tuesday. Friday's mass shooting has left the community in recovery mode and politicians around the country rethinking the nation's gun laws.
Decoder Wire Is Mitt Romney ad on Jeep jobs misleading?

A new Romney campaign ad, running in the battleground state of Ohio, implies that Chrysler is moving US jobs building Jeeps to China, and that Obama is at fault for having 'sold Chrysler to the Italians.'
Backchannels Shades of Iraq in Afghanistan? Problems with shoddy contracting work

A Special Inspector General for Afghanistan Reconstruction (SIGAR) report singled out a $78 million contract to build a garrison for the Afghan National Army as of particular concern.
Treasury says loss on Chrysler loan deal will cost US taxpayers $1.6 billion

The US Treasury has announced that it will lose $1.6 billion on a loan it made to Chrysler early last year. Congressional auditors say the American taxpayers could lose upwards of $34 billion in loans to both Chrysler and GM.