Kerkorian sold GM shares to avoid long fight: WSJ
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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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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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Investor Kirk Kerkorian cancels plans to buy more GM shares after the firm ends tie-up talks with Renault and Nissan.
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On Monday, billionaire Kirk Kerkorian sold Metro-Goldwyn-Mayer Inc. for the third time. As a Hollywood reconciliation story, that means Kerkorian has bought and sold the venerable movie studio more times than Elizabeth Taylor married Richard Burton.
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Investor Kirk Kerkorian further reduces his stake in troubled General Motors, sending the carmaker's shares lower.
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The prospect of a tight race for the presidency â-nd a repeat of the 2000 court battle â -mpted a late selloff on Wall Street on Tuesday, with stocks finishing the
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General Motors Corp., the world's biggest automaker, said Wednesday its net income fell 37 percent in the fourth quarter, led downward in part by continued struggles at its European operations. But the results beat Wall Street expectations and its shares rose nearly 2 percent.
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Stocks rose on Wednesday as a labor agreement at General Motors Corp  promised to lower costs for Detroit's automakers, while a report that Bear Stearns may sell a stake to outside investors boosted brokerage stocks.
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Investor Kirk Kerkorian said he may   consider buying up to 12 million additional shares of General   Motors Corp. GM.N common stock, according to a filing on   Thursday with the U.S. Securities and Exchange Commission.
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General Electric Co. GE.N's lagging   stock price raises the question of whether it should spin off   its NBC Universal unit, Barron's reported in its September 11   edition.
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Aug. 20 (Bloomberg) -- Google Inc.&#39;s share sale has put Wall Street on notice: The old way of doing business may be ending.
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Billionaire investor Kirk Kerkorian on Friday shelved plans to raise his stake in General Motors Corp.  and his aide quit the automaker's board two days after GM nixed a three-way alliance with Renault-Nissan.
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DaimlerChryslerâs willingness to cut loose its Chrysler Group is drawing cheers from investors but Wall Street analysts were skeptical of an outright sale of Chrysler to G.M.
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General Motors Corp  in its contract negotiations with the United Auto Workers union has proposed one option that excludes establishing a union-run healthcare trust but calls for deeper cuts in several areas, the Wall Street Journal reported in its online edition.
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Investor Kirk Kerkorian says he is to cut his stake in troubled General Motors sending shares in the carmaker lower.
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Restriction on sale of 39M shares to expire, but analysts expect supply will be quickly absorbed. SAN FRANCISCO  - Shares of Web search leader Google Inc.
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Billionaire Kirk Kerkorian's Tracinda  Corp. investment firm on Wednesday said it had sold $462  million of stock in General Motors Corp this week, taking its  stake in the automaker to 7.4 percent from 9.9 percent.