GM Back in Bankruptcy Court

General Motors is back in federal bankruptcy court today in its bid to become a leaner, healthier company. The automaker is asking Judge Robert Gerber for approval to sell its profitable assets to a "new" GM, which would be 61 percent owned by the U.S. government. The second day of hearings is expected to be another marathon session. First up on the stand is William Repko, a senior managing director of Evercore Partners, an investment banking boutique headed by former deputy Treasury secretary Roger Altman. Evercore is advising GM in the restructuring. Follow today's events inside the courtroom on Twitter below and sign up to follow The Ticker on Twitter. --Tomoeh Murakami Tse