Kerkorian set to cut stake in GM
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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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Investor Kirk Kerkorian further reduces his stake in troubled General Motors, sending the carmaker's shares lower.
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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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Billionaire investor Kirk Kerkorian's Tracinda Corp will pay $684 million to acquire a 35 percent stake in Delta Petroleum Corp , the independent oil and gas company said on 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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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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Kirk Kerkorian, who has tried to push an alliance with Renault and Nissan, appears to be sounding retreat.
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General Motors Corp. is prepared to nearly halve the number of Buick models it offers in the United States as it tries to reestablish the luxury brand in its home market, GM's chief executive said on Tuesday.
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ROME, Feb. 13 -- General Motors Corp. agreed Sunday to pay Fiat SpA $2 billion to resolve a contract dispute, allowing the U.S. carmaker to divest its stake in Fiat's troubled auto unit and revise the companies' business relationship.
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DaimlerChrysler AG (DCXGn.DE) is  considering taking a minority stake in General Motors Corp.   as payment for Chrysler if a deal between the two  automakers takes place, the Financial Times said on Monday.
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General Motors Corp.  Chief Executive Rick Wagoner said on Wednesday he is "not excessively worried" about a possible proxy fight with the automaker's largest individual shareholder, billionaire Kirk Kerkorian.
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By Kyodo News International, Tokyo  Feb. 26--TOKYO -- DaimlerChrysler AG is weighing taking a minority stake  in General Motors Corp.
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ROME  - Fiat CEO Sergio Marchionne was to lay out a settlement proposal over an options dispute with U.S. auto giant General Motors at an extraordinary board meeting Sunday, an indication that the protracted wrangling between the two carmakers may soon be over.
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General Motors Corp. GM.N, the  world's biggest automaker, will keep shrinking its U.S. work  force this year, offering buyout packages to more salaried  employees to offset rising costs, executives said on Monday.
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Kirk Kerkorian said today that he was selling one-quarter of his stake in the automaker, or 14 million shares.
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Billionaire investor Kirk Kerkorian says he wants to buy up to 12 million more shares in General Motors.
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The world's largest car builder General Motors is to cut 12,000 European jobs, trimming $500m (Â£280m) from annual costs, the Financial Times reports.