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. …
Shares of General Motors reached an important milestone Friday, closing above their initial public offering price of $33 for the first time in more than two years. GM shares reached $33.77 Friday before slipping back to close at $33.42, up 3.2 …
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 …
Sept 21 (Reuters) - The U.S. Treasury expects General Motors Co’s stock price to rise in the future, offering the government a better chance to cut its losses in the automaker, people familiar with Treasury’s thinking said. While the …
GM’s stock increased thanks to the news about the Standard & Poor’s, which will add the company’s shares to two of its stock indexes. The US automaker’s shares rocketed on Monday after the agency announced it will add GM shares to …
Detroit: General Motors should consider using its excess cash for a stock repurchase from the US government because of the low valuation of the automaker's shares, according to a JPMorgan Chase & Co analyst. "GM is likely to consider …
DETROIT • Chief Executive Mary Barra's plan to keep a big cash cushion for General Motors Co. is under attack from a group of shareholders led by a member of the auto task force that helped restructure the company during its 2009 …
Consider this. Since late December 2005, GM’s (GM) stock has doubled to about $38. With all of the excitement about the sale of Chrysler, Daimler’s (DCX) stock is up 80%. Ford (F) and Toyota (TM) are up about 20% over that period. GM’s …
Reporting from Los Angeles and New York — General Motors Co. is set to reemerge as a public company this week in one of the year's hottest initial public stock offerings, but many American taxpayers who helped rescue the company …