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 …
(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 gm stock fell to $1 a share Wednesday morning as investors fearing bankruptcy continued to flee the once-mighty blue chip industrial giant. The stock traded from $1 to $1.35. Shares of GM on Tuesday fell to 1933 levels …
Though the stock has since pulled back to trade at $37.84, shares of General Motors Company (NYSE:GM) earlier hit a nearly two-year high of $38.55. The move comes amid news the automaker is selling its European Opel business to …
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? …
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 …
WASHINGTON — The U.S. government is taking advantage of the recent run-up in General Motors stock to sell off another 30 million shares in the auto giant that it acquired in a bailout. The Treasury Department said Wednesday that …
Proving once again that greed and idiocy often go hand in hand, federal regulators have revealed that investors are still plowing money into General Motors stock--the only problem being that the General Motors in which they're investing …
General Motors shareholders on Tuesday overwhelmingly rejected a proposal to divide company shares into two distinct classes with different objectives, the company announced. The vote at the auto giant's annual meeting came after GM