Photo: Associated Press General Motors Co. rejected Greenlight Capital Inc.’s plan to have it separate its stock into dividend- and nondividend-paying classes as “unprecedented,” adding that the move would create “an unacceptable level …
NEW YORK — General Motors stock began trading on Wall Street again Thursday, signaling the rebirth of an American corporate icon that collapsed into bankruptcy and was rescued with a $50 billion infusion from taxpayers. The stock
It would seem that at the “New” GM, nobody has gotten the memo about corporations going on autopilot the second two weeks of December. General Motors has made two major announcements in the past 48 hours, and both will have …
A surprising theory is fueling a long-awaited breakthrough for General Motors shares: that the stuffy century-old automaker may have some technology chops, after all. Bullish reports from a Deutsche Bank analyst who sees a $30 …
have blasted Einhorn’s proposal to split GM’s common stock into two classes. In a Wednesday filing, Einhorn griped that “to Greenlight’s surprise” GM had “substantially altered” the term sheet of his two-class stock proposal when it …
DETROIT • General Motors shareholders have overwhelmingly turned down an activist shareholder's plan to split the company's stock into two classes. Only about 9 percent of the stockholders voted for the plan from David Einhorn's …
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 …
GM is on the verge of leaving the government fold, once the U.S. Department of Treasury sells the remaining stock it owns in the company. Taxpayers have been shortchanged and have so far lost $8.4 billion. The company received $49.5 …
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 209,000 people …
General Motors Corp. headquarters are shown in Detroit. The top-performing stock among automakers in the U.S. this quarter is General Motors. The company, which endured management upheaval during the quarter and announced that …