The federal government’s role in the daily operations of General Motors is expected to lessen in the wake of this week’s initial public offering (IPO) that yielded the company over $20 billion in cash and reduced the US Treasury Department’s stake in the company to 37 percent.
Fiat 500 will cost $15,500, nearly $5,000 less than the Mini.
The GM IPO raised $20 billion of the $49 billion that the federal government spent to bailout GM. But the finish line is still years away.
GM stock is trading again, after automaker's emergence from bankruptcy and a partial government takeover. But the debate goes on over the wisdom of the US bailout.
The GM stock price ends at $34.19 on its first day of trading, as the company's recent profitability stokes demand for the IPO stock. The $23.1 billion raised will help pay back the US Treasury.
The driver of a van that crashed into LaRoe's restaurant sits at a booth (l.) looking at his van in Grand Rapids, Ohio. According to Wood County Sheriff Mark Wasylyshyn, the van and another vehicle were involved in a traffic crash along Front Street near the restaurant. The van driver, an 84-year-old man from Paulding County, subsequently drove into the restaurant. No injuries were reported.
Black Friday ads are working their magic. A new survey says slightly more Americans will shop during the three days after Thanksgiving this year compared with last year.
The fount of information about Kate Middleton, Prince William's fiance, will be unending from now until the wedding in spring or summer 2011. She has been one of the most searched items on the Internet since the engagement announcement Tuesday. There is far more about her available online than can be condensed into one article – but here are some highlights about Kate (Catherine Elizabeth) Middleton and her engagement.
A police officer organizes packages of seized marijuana as it is displayed to the press in Cali, Colombia. Police seized more than two tons of marijuana, which authorities say belonged to a gang linked to rebels of the Revolutionary Armed Forces of Colombia (FARC).
To better battle Gmail, Facebook tries to redefine email messaging.