Did Kerkorian Cash Out of GM?
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Billionaire Kirk Kerkorian indicated he was selling another large portion of his General Motors Corp. shares, and an afternoon transaction yesterday may mean he has divested himself entirely of his stake in the automaker.
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General Motors Corp  on Friday  said it had terminated a $4.1 billion standby credit agreement  with a syndicate of banks, saying it had sufficient liquidity  without the borrowing arrangement.
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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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The bad news just keeps pouring in for mutual fund manager Janus Capital Group (NYSE: JNS). Yesterday, the Denver-based firm reported that European banker ING Group (NYSE: ING) will pull $5 billion from its mutual funds, or ...
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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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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.
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General Motors Corp. GM.N will offer  car buyers nervous about rising interest rates a chance to  lock-in today's low rates in a bid to boost its sluggish U.S.  sales, car dealers briefed about GM's new sales incentive plan  said on Tuesday.
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Kirk Kerkorian, the billionaire investor said that he was selling one-quarter of his stake in the automaker.
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The Pension Benefit Guaranty Corp.  will not hold General Motors Acceptance Corp. buyers liable for  General Motors'  employee benefit plans, clearing a  hurdle in the sale of the auto maker's finance arm, according  to a GM regulatory filing on Thursday.
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U.S. technology stocks climbed on Wednesday, helped by a strong earnings report from personal computer maker Dell Inc. , but the Dow closed just slightly higher as financier Kirk Kerkorian cut his stake in General Motors Corp.
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In Toronto story headlined &#39;Stelco loses contract to supply steel to GM-lawyer&#39;, please read in first paragraph...General Motors Corp...instead of General Motors Inc. Corrects company title. TORONTO, Nov 22  - Stelco Inc.
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General Motors gave away $7.7 million worth of Pontiac G6s -- 276 of them -- Monday during the season-opening Oprah Winfrey show. The public relations value for the automaker may be incalculable.
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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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A U.S. federal court has upheld a lower court ruling that investor Kirk Kerkorian is not entitled to damages over the merger of Daimler-Benz and Chrysler nine years ago, DaimlerChrysler said on Wednesday.
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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.
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General Motors Acceptance Corp., the former finance arm of General Motors Corp. , on Tuesday said it would receive another $1 billion from GM and warned it would be hit by pressure from a weakening market for U.S. mortgages.
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Billionaire investor Kirk Kerkorian on Friday shelved plans to raise his stake in General Motors Corp.  and his financial adviser on GM quit the automaker's board days after GM nixed a three-way alliance with Renault-Nissan.