According to a new analysis, the U.S. government would have to sell all its shares in General Motors at an average price of $133.78 a share in order to break even on its stake in the automaker. Should U.S. taxpayers be worried?…
Republicans in the House of Representatives promised to end “job-killing tax hikes” and repeal the health reform law as part of their campaign manifesto for the November election.
In their “Pledge to America,” House Republicans also say they will ban…
International banking regulations agreed upon in Basel, Switzerland, last week will reduce the probability of a future financial meltdown, U.S. Treasury Secretary Timothy Geithner said before the House Financial Services Commit…
General Motors Co., which is 61% owned by the U.S. government, resumed making political donations after an 18 month break.
The company’s political action donated a total $48,000 to Republicans and Democrats, with contributions going to figures including Sen. Charles Schumer, D-NY, and Rep. Dave Camp, R-Midland, The Detroit News reported.
The political action committee stopped…
Continue reading GM Resumes Political Donations
GM Resumes Political Donations originally appeared on DailyFinance on Wed, 22 Sep 2010 07:39:00.
Filed Under: Company News, People, General Motors, Taxes, Autos
American International Group (AIG) may sell two Japanese life-insurance units to Prudential Financial Inc. (PRU) for a total of as much as $5 billion, The Wall Street Journal said.
The agreement is currently “a few days away” from being ready, The Wa…