Kerkorian to sell 14m GM shares
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Billionaire investor Kirk Kerkorian may have decided that casinos are a better bet than cars.
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General Motors Corp.  will inject $1 billion into GMAC, its former finance arm said on Tuesday, a capital infusion needed to complete the sale of the automaker's majority stake in the face of escalating defaults in the U.S. mortgage market.
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Employees and some investors in Google will be able to sell shares in the company as the latest "lockup" phase on sales ends.
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DETROIT, March 13  â The General Motors Acceptance Corporation, the former financing arm of the General Motors Corporation, said on Tuesday that it would receive $1 billion more from G.M. under the terms of its spinoff and warned that it would be affected by the weakening market for mortgages.
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Kirk Kerkorian, a 90-year-old billionaire, plans a $1.4 billion tender offer to acquire a 16 percent stake in Tesoro, a United States refiner whose profit jumped tenfold in the last four years.
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AURORA, ONT. - Auto parts giant Magna International on Monday unveiled bids worth a total of about $1.3 billion to take its three publicly traded subsidiaries private.
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DETROIT -- Dissident General Motors Corp. shareholder Kirk Kerkorian said Friday that he no longer plans to acquire additional stock in the world's biggest automaker, citing GM's decision not to pursue an alliance with Renault and Nissan.
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General Motors Corp. GM.N will offer  its broadest and longest spread of interest-free loans later  this month when it holds a three-day sale to clear inventories  of 2004 model-year vehicles, dealers said on Tuesday.
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General Electric Co. will sell a majority stake in its global outsourcing business to two US-based equity firms in an all-cash deal totaling $500 million, the industrial, financial services and media conglomerate said Monday.
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Billionaire investor Kirk Kerkorian sold his stake in General Motors Corp.  after deciding that he did not want to participate in a lengthy fight with management for control of the world's biggest car maker, according to a report in the Wall Street Journal.
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Sears Roebuck & Co.  will change its listing to the Nasdaq Stock Market after its purchase by Kmart Holdings Corp. , ending the retailer's nearly 100-year association with the New York Stock Exchange.
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Billionaire investor Kirk Kerkorian  sold his stake in General Motors Corp.  after deciding  that he did not want to participate in a lengthy fight with  management for control of the world's biggest car maker,  according to a report in the Wall Street Journal.
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General Motors Corp. GM.N said on  Wednesday it will offer buyout packages early next year to its  salaried employees in the United States to cut costs.
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General Electric Co. completed the sale of a majority stake in its global outsourcing business to two U.S.-based equity firms for &#36;500 million, the conglomerate said Friday.
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Billionaire investor Kirk Kerkorian's  investment firm on Thursday said it had cut its stake in  General Motors Corp. by half with a second large sale,  prompting speculation about whether the activist investor had  moved to sell his entire stake in the automaker.
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Billionaire Kirk Kerkorian's Tracinda Corp. investment firm reported on Wednesday holding a 7.4-percent stake in giant auto maker General Motors Corp. , down from 9.9 percent.
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Kirk Kerkorian pressed his case for a three-way alliance between General Motors Corp., Renault and Nissan