Wasn't the Obama administration supposed to make money back on a sale of GM stock? Or so Treasury Secretary Timothy Geithner and other administration officials suggested back in 2009. Now taxpayers learn that Mr. Obama …
When Stephen Sanford was a New York securities analyst 40 years ago, he came across what he considered one of the stock market`s best indicators. ``Investors seeking aid in the rather difficult business of accumulating a fortune would …
DETROIT — Shares of the old General Motors Corp. lost half their value Wednesday after the stock symbol was changed to reflect the company's new name, Motors Liquidation Co. Trading of GM stock under the symbol GMGMQ had been …
General Motors announced a $5 billion US stock buyback as part of a plan to return more cash to investors. In return, an activist shareholder decided to drop a potentially divisive bid for a seat on the company's board. The moves, announced …
DETROIT (Reuters) - General Motors Corp (GM.N: Quote, Profile, Research, Stock Buzz) shares fell as much as 21.6 percent to their lowest level since 1950 on Thursday amid financial market turmoil and the car maker's report of …
We've been down this road before: Hey, didn't you hear that the GM bailout is working out just swell! Why, we're likely to make us a profit on the bailout, so let's not dawdle over details, such as whether the whole goddamn thing was even …
NEW YORK - U.S. taxpayers' ownership of General Motors Co. was halved Wednesday and billions of dollars in bailout money was returned to the federal government as the automaker pulled off the nation's largest initial stock offering in …
NEW YORK -- Would you buy stock in a company that has hemorrhaged tens of billions of dollars for years and run through three bosses in quick succession just because it's turned a profit for a few months? That is essentially what …
DETROIT (Bloomberg) -- General Motors Co. will probably seek to raise $8 billion to $10 billion in an initial public offering in November, a smaller sale than the automaker originally targeted, said two people familiar with the matter. The U.S. …
Faced with a potential cash shortage, General Motors crashed yesterday to close at its lowest price since the dark days of 1974. Shares had initially tumbled 12 percent intraday to a new trading low of $11.21 after Goldman Sachs …