Topic: Gerald E. McCormick
General Motors stake owned by the US treasury will be sold over the coming year, assuring a multibillion-dollar loss for the federal government. General Motors will buy back $5.5 billion in shares, and the Treasury will have to sell the rest of the stock at a high price in order to break even on the $50 billion bailout GM received.
Wal-Mart, the world's largest retailer, was accused by the New York Times of covering up $24 million in bribes in Mexico. Wal-Mart share prices dropped in early trading Monday.
iPhone 4 has created a lot of interest with consumers. Over 1.5 million iPhones have been sold, according to Apple.
06/28/2010 03:06 pm
The part of the hood of the Hummer H3 could detach while driving, GM admitted. The Hummer H3 recall covers 2006 through 2010 models.
05/05/2010 06:58 pm