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.
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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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On his Mad Money show last week, Jim Cramer encouraged viewers to add short-term trading to their portfolios. But how can an investor determine with certainty when a stock has “flown too high” and when to buy it back?
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Considering how often airline industry executives complain about how hard it is to run a profitable carrier, one might expect their efforts could go unrewarded — at least monetarily. Not so at the new United Continental Holdin…
Chrysler Group is likely to pursue an initial public offering of stock in “chunks” rather than one big offering and not until the second half of 2011, the company’s chief executive said Thursday.
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