Saturday, February 23, 2008 GMAC loans $635M to its mortgage unit David Mildenberg / Bloomberg News GMAC LLC, the lender partially owned by General Motors Corp., agreed to loan as much as $750 million to its residential mortgage unit as it seeks to sell a business that finances vacation resorts. Residential Capital LLC borrowed $635 [...]

Former UAW president Fraser dies at 91 Douglas Fraser, who led the United Auto Workers as president from 1977 to 1983, died in a Southfield, Mich., hospital Saturday, the union said today. He was 91. His wife Winnie Fraser told the Associated Press that Fraser had emphysema and went into Providence Hospital with breathing problems. [...]