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.
From storms to politics, the year was a wild ride. What are the most meaningful US stories of 2012? Here's the Monitor's list, in roughly chronological order.
Brown explores the theories behind last week's drop in Apple stock prices. Apple continues to knock down everything in its path, Brown writes, leveling Stock Market City.