GM shares rise on Goldman Sachs upgrade
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Shares of General Motors Corp.  rose to a four-month high on Monday after Goldman Sachs raised its ratings on the No.1 U.S. automaker, citing the potential for sizable wage and benefit cuts during talks with the United Auto Workers for a new labor contract.
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Investor Kirk Kerkorian on Thursday   said he could raise his stake in General Motors Corp GM.N to   about 12 percent and urged the automaker's board to take a   "strong" role in reviewing a potential alliance with   Renault-Nissan.
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General Motors Corp. GM.N on Thursday  led a late-day rally in auto stocks, one day after the world's  largest automaker posted dismal U.S. sales results for August  and cut vehicle production.
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TURIN, Italy  - Fiat shares and bonds rallied on  Monday after the Italian group won a $2 billion settlement with  General Motors, avoiding a long court case but also increasing  the pressure to revive its car arm.
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Stocks rose on Wednesday as a tentative labor accord at General Motors Corp  lifted a cloud over Detroit's automakers and more weak economic data bolstered expectations for a further cut in interest rates.
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Stock index futures remained higher on Tuesday after investment bank Goldman Sachs Group  reported its fourth-quarter earnings rose.
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Stock futures pointed to a rise on Wall  Street on Wednesday, buoyed by General Motors Corp.&#39;s   deal with the United Auto Workers, as well as expectations of  more Federal Reserve rate cuts.
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NEW YORK, Sept. 26 -- Stocks rose soundly Wednesday after word that some of the problems dogging big companies like General Motors and Bear Stearns were beginning to be sorted out.
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Sears, Roebuck & Co. S.N shares  jumped as much as 25 percent on Friday after real estate  company Vornado Realty Trust VNO.N said it raised its stake  in the retailer, a step that could lead Sears to convert some  of its real estate assets into cash.
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U.S. blue chips advanced on Friday on optimism about positive brokerage comments on General Motors Corp.  and the first-ever hedge fund IPO, while crude oil near $60 a barrel kept a lid on the broad market.
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Goldman Sachs Group Inc  said on Thursday that quarterly earnings surged 79 percent as revenue from investment banking and trading increased despite turbulent summer markets.
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Sears, Roebuck & Co.  shares rose as much as 31 percent on Friday after real estate company Vornado Realty Trust  said it raised its stake in the retailer, a step that could lead Sears to convert some of its real estate assets into cash.
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Shares in United Airlines' parent company, UAL Corp., rose yesterday following a published report that it has retained Goldman Sachs Group Inc. to explore strategic options, including possible mergers with other carriers.
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NEW YORK -- Goldman Sachs Group Inc. on Tuesday said higher investment banking fees and smart bets in mortgage-backed bonds helped it easily beat Wall Street expectations for the fourth fiscal quarter.
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Investment bank stocks rose Tuesday after Goldman Sachs and Lehman Bros. reported surprisingly strong third-quarter results, indicating that sluggish market conditions this summer did not dent Wall Street earnings.
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Goldman Sachs Group Inc.  on Thursday said fourth-quarter profit rose as its fixed-income, currency and commodities business soared while a rebounding stock market boosted investment banking.
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Stock futures pointed to a rise on Wall Street on Wednesday, buoyed by General Motors Corp.'s  deal with the United Auto Workers, as well as expectations of more Federal Reserve rate cuts.