The federal government’s stake in banking-giant Citigroup presents a conflict of interest in General Motors’ pending initial public offering, the automaker said Thursday.
Continue reading GM Says Government’s S…
General Motors is giving some 600,000 employees, retirees and dealers the chance to purchase stock in the resurgent company as the auto giant moves forward with its initial public offering, slated for next month.
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Italian fashion label Prada is considering an IPO with primary listing in Hong Kong, rather than home-base Milan, accroding to reports. Four of its previous attempts at an IPO have been scrapped in the past 10 years, but now th…
American International Group has received a $1 billion commitment from Kuwait Investment Authority for AIA Group’s Hong Kong initial public offering. But the Kuwaiti sovereign wealth fund has forced AIG to lower the value of th…
General Motors reported Friday that overall vehicle sales in September 2010 climbed 10.5% on a year-over-year basis, based on strong demand for its new generation of crossover vehicles. Among its four core brands, GM sales rose…