DETROIT, MI- General Motors Co.’s stock this morning hit an all-time low since its record initial public offering in November 2010. The Detroit-based automaker’s stock [NYSE: GM] price per share fell to as low as $18.85. Its previous …
Q: Now that General Motors has filed bankruptcy and has emerged from bankruptcy proceedings as the "new" GM, is the "old" GM common stock worthless? If so, can I take a capital gains loss for this for 2009 tax year? A: The old GM isn't …
David Einhorn, the activist investor who has proposed that General Motors create two classes of stock, has accused the company of misleading credit-rating agencies about the plan. Einhorn told Business Insider that rating agencies were …
BOSTON – Ray in Livonia, Mich., is torn between optimism and frustration. The long-time General Motors shareholder had just learned that his favorite company suffered a crushing fourth-quarter loss, it's fifth consecutive quarter in the red. …
General Motors Company (NYSE: GM) stock has been on quite a run, up more than 24 percent over the past three months. However, GM shares were down more than 3 percent on Monday after Goldman Sachs downgraded the stock
Since GM declared bankruptcy in 2009 and was bailed out by the Obama administration, Obama and GM executives have publicly set business benchmarks — such as market share — they have failed to reach while publicly pumping up …
General Motors will be issuing new stock, a signal that the company is emerging from the ashes like the mythical phoenix. There is much to celebrate with this public offering. The corporate giant and employer of 205,000 people …
General Motors released third-quarter earnings before opening bell Thursday. Its report sent GM stock up more than 3% in pre-market trading, and the gain has continued this morning. The company matched analyst estimates with earnings …
Last Tuesday, General Motors (NYSE: GM) posted another strong quarterly profit. While GM's profit fell significantly on a year-over-year basis -- even excluding charges related to the sale of its European operations -- the company still posted …