MGM Files for Chapter 11 Bankruptcy

Metro-Goldwyn-Mayer Studios has filed for a re-organization bankruptcy, the studio announced Wednesday.
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MGM Files for Chapter 11 Bankruptcy o…

BlackRock Shares Slide on News of Secondary Offering

BlackRock’s stock price fell sharply on Wednesday morning after the global investment management firm confirmed that Bank of America and PNC Financial Services would sell 42 million of its shares in a secondary offering.
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General Motors Sales Rose 3.5% in October

Buoyed by stronger demand for pickups and crossover, GM said today that October sales increased 3.5% compared to a year ago. Excluding its discontinued brands, sales of Buick, Cadillac, GMC and Chevrolet models rose 13% for the…