Topic: Peter Nesvold

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  • General Motors to buy back US-owned stake. US to lose billions?

    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. 

  • Ford: Income skyrockets. Best year in a decade.

    Ford saw its income jump 200 percent last year with a special tax allowance. Even without that, Ford has notched 10 consecutive quarters of profits.