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 …
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 …
With General Motors appearing stalled in its talks about joining a global auto alliance, billionaire shareholder Kirk Kerkorian stepped back into the limelight Thursday, saying he still thinks an agreement with Renault and Nissan is a …
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 …
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 …
That uncertainly has been reflected in the market valuations of the legacy automakers. Ford stock trades at a forward price-earnings ratio of 8.2, while …
General Motors might be fine for the garage, but do you want it in your investment portfolio? You'll soon have a chance to buy stock in the "new" General Motors Co., which has filed for an initial public offering that's expected to happen …
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.
GM shares rose 1.8 percent to $40.90 in regular trading Monday, at one point reaching $41.17, the highest level since GM’s 2010 initial public offering. DETROIT – The U.S. government ended up losing $10.5 billion on the General Motors
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 …
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