General Motors' sale of stock on Thursday is poised to be one of the largest initial public offerings in U.S. history. For most companies that would be cause for celebration. But when the shares start trading on the New York and Toronto …
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 …
(Reuters) - Greenlight Capital’s plan to split up General Motors Co’s (GM.N) stock, as well as its challenge to the company’s board of directors, will come to a head on Tuesday, as the U.S. automaker’s shareholders cast their votes …
General Motors has avoided paying $1 billion in stock as part of a $15 million settlement between its bankruptcy trust and plaintiffs. Just a few days ago, it emerged that the General Unsecured Creditors Trust wanted GM to contribute $1 …
Just days after a court allowed the city of Detroit to file for Chapter 9 municipal bankruptcy, the federal government announced that it would finally sell the last of its stock in General Motors. The auto manufactures stock soared on …
NEW YORK (Reuters) - Top U.S. automaker General Motors Co GM.UL will allocate most of the shares in its initial public offering to U.S. investors and plans to set a share price low enough to attract retail investors, five people familiar with …
Another major corporate bankruptcy and a once-stellar stock worth less than four rolls of one-ply toilet paper. There’s much concern for GM employees, dealers and customers — and for good reason. But what happens to GM stockholders? …
General Motors Co shareholders on Tuesday overwhelmingly rejected proposals by hedge fund Greenlight Capital to restructure the company’s stock and reshape its board, backing chief executive Mary Barra’s efforts to rev up the …
General Motors Corp. has been dropped from the New York Stock Exchange, and Fitch Rating Service announced this week it is no longer keeping tabs on the company's finances since it has filed for bankruptcy. Nevertheless, trading in …
Diane Alter: General Motors Co. (NYSE:GM) is one of the most recognizable brands in the United States and is worth more than $50 billion. That’s why readers regularly ask us, “Should I Buy GM Stock?” General Motors has grown both …