11 of 20
BACK NEXT
11. GMAC
Global 500 rank: 244
2007 loss ($ millions): $2,332
Ticker: GMA

The GM spinoff reported a loss of $2.3 billion in 2007, reversing a $2.1 billion gain in 2006. The company blamed its woes on a $4.3 billion loss at its mortgage subsidiary, Residential Capital, which ate up profits at the global automotive and insurance businesses.

But GMAC is shoring itself up by streamlining costs and preserving its ability to meet its debt obligations.

NEXT: Fannie Mae
Last updated July 09 2008: 8:26 AM ET
More Global 500
Top 25
Top 25
Once again, Wal-Mart grabs the No. 1 spot. See which other companies are the largest on the planet. (more)
20 most profitable
20 most profitable
Exxon Mobil again tops Fortune's list of top earners. Which other companies are among the most profitable on the planet? (more)
Women CEOs
Women CEOs
In 2007, 12 of the Fortune Global 500 companies were run by women - only 10 were in 2006. (more)
Market indexes are shown in real time, except for the DJIA, which is delayed by two minutes. All times are ET. Disclaimer LIBOR Warning: Neither BBA Enterprises Limited, nor the BBA LIBOR Contributor Banks, nor Reuters, can be held liable for any irregularity or inaccuracy of BBA LIBOR. Disclaimer. Morningstar: © 2013 Morningstar, Inc. All Rights Reserved. Disclaimer The Dow Jones IndexesSM are proprietary to and distributed by Dow Jones & Company, Inc. and have been licensed for use. All content of the Dow Jones IndexesSM © 2013 is proprietary to Dow Jones & Company, Inc. Chicago Mercantile Association. The market data is the property of Chicago Mercantile Exchange Inc. and its licensors. All rights reserved. FactSet Research Systems Inc. 2013. All rights reserved. Most stock quote data provided by BATS.
© 2013 Cable News Network. A Time Warner Company. All Rights Reserved. Terms under which this service is provided to you. Privacy Policy. Ad choices .