General Motors Co.’s recent stock offering was staged to start paying back the government for its $50 billion bailout, but one group made out much better than the taxpayers or other investors: the company’s union. Thanks to a generous …
DETROIT — Investment bankers handling the upcoming General Motors Co. stock sale are expected to court foreign investors as well as those in North America, according to a U.S. Treasury Department statement. GM and the Treasury …
General Motors shareholders might not ask many hard questions as they gather today at the Renaissance Center for their annual meeting, but that won't erase the nagging question that persists throughout this combative election year: …
DETROIT -- Shares of General Motors are rising Tuesday as a proxy fight escalates between the company and an activist shareholder who wants to split its shares into two classes. David Einhorn's Greenlight Capital said Tuesday it's sending …
General motors stock is tumbling today. It’s down more than 3 percent so far. That’s after news that GM stocks plunged 18 percent in May. The company blames a drop in sales on low gas prices, among other things.
(See below for why that argument had about as much credibility as a Chevy Citation's cooling system). Now GM has done its first stock IPO and everything is on track for a happy ending. Right? Right! Right? GM sold about 478 million shares …
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 …
Detroit: General Motors should consider using its excess cash for a stock repurchase from the US government because of the low valuation of the automaker's shares, according to a JPMorgan Chase & Co analyst. "GM is likely to consider …
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 …
WASHINGTON -- 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 …