Wasn't the Obama administration supposed to make money back on a sale of GM stock? Or so Treasury Secretary Timothy Geithner and other administration officials suggested back in 2009. Now taxpayers learn that Mr. Obama …
When Stephen Sanford was a New York securities analyst 40 years ago, he came across what he considered one of the stock market`s best indicators. ``Investors seeking aid in the rather difficult business of accumulating a fortune would …
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 …
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DETROIT (AP) — The U.S. government plans to sell another 30 million shares of General Motors stock in a public offering on Thursday as it speeds up efforts to divest itself from a stake in the auto giant that it got in a bailout four years ago.
DETROIT: 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 …
DETROIT (Bloomberg) -- General Motors Co. will probably seek to raise $8 billion to $10 billion in an initial public offering in November, a smaller sale than the automaker originally targeted, said two people familiar with the matter. The U.S. …
General Motors announced a $5 billion US stock buyback as part of a plan to return more cash to investors. In return, an activist shareholder decided to drop a potentially divisive bid for a seat on the company's board. The moves, announced …
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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 …
There is also speculation that Marchionne’s long cherished ambition to be taken over by a bigger auto maker might be on the cards – remember his attempt to be …
DETROIT (AP) — Surprise! The top-performing stock among automakers in the U.S. this quarter is General Motors. The company, which endured management upheaval during the quarter and announced that it would lose substantial cash in …