General Motors will be issuing new stock, a signal that the company is emerging from the ashes like the mythical phoenix. There is much to celebrate with this public offering. The corporate giant and employer of 209,000 people …
General Motors Corp. headquarters are shown in Detroit. 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 …
General Motors Corp. has been dropped from the New York Stock Exchange, and Fitch Rating Service announced this week it is no longer keeping tabs on the company's finances since it has filed for bankruptcy. Nevertheless, trading in …
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 …
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 …
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 …
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 …
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. …