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 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 …
The U.S. Treasury Department announced Thursday morning that it will sell the remaining 31.1 million shares of stock the government owns in General Motors Co. (NYSE: GM) by the end of 2013 if average daily trading volumes in the stock
DETROIT (AP) - General Motors may be free of government ownership by the end of the year — news that sent the company's stock higher on Wednesday. The Treasury Department, in a monthly report to Congress, said Tuesday that …
DETROIT (AP) — 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 that …
DETROIT — Surprise! The top-performing stock among automakers in the U.S. this quarter is General Motors. The company, which endured management upheaval during the third quarter and announced that it would lose substantial …
GM pulled off the biggest initial public offering in US history on Wednesday, raising 20.1 billion dollars after returning to the stock market following a US taxpayer-funded bailout. The US stalwart floundered during the credit crisis. AP - General
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 …
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 -- 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 …