CLEVELAND, Ohio -- General Motors said today that it will price its stock between $32 and $33 per share Wednesday. The stock begins trading on Thursday. That's a sizable increase from the $26 to $29 per share range the company …
BOSTON, July 7 (Reuters) - Some large value investors, including Dodge & Cox and Mason Hawkins’ Southeastern Asset, are nursing steep losses from the recent plunge in General Motors Corp (GM.N) stock, data show. GM shares hit a 54 …
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 …
When GM’s stock debuted on November 18 ... But GM seems to hardly be on “top of the world.” As Breitbart News editor Ben Shapiro noted, “Obama may have bailed out GM, but he didn’t bail out the taxpayer – and in the long run, GM won ...
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 …
The U.S. government's foray into the car business is slowly coming to an end. The Treasury Department said Wednesday that it will sell its remaining stake in General Motors in the next year or so, winding down a $50 billion bailout that …
DETROIT -- The U.S. government's short stint in the auto business is coming to an end. The Treasury Department said that it will sell its remaining stake in General Motors by early 2014, writing the final chapter of a $50 billion bailout that …
Whether it's a matter of ignorance or greed, people are still buying General Motors stock, even though the company and the government have warned that the shares will someday be worthless. Investors are picking up millions of shares …
The sale of the final 31.1-million shares would close the books on GM's $51-billion rescue. The Obama administration expects to post a $10-billion loss on the bailout, although officials have said they never expected to turn a profit and …
In June 2009, GM filed for Obama-managed bankruptcy, costing the taxpayer some $50 billion. The vast majority of that cash was never paid back by GM. In November 2010, GM issued a new initial public offering at a price of $33 per share. …