Companies are making headlines after the bell Monday: GM, F & TXN» Read More
WASHINGTON, Dec 9- The U.S. government sold its last shares of automaker General Motors Co on Monday, marking an end to a historic bailout of one of America's most storied companies. The money pumped into the industry came from a $700 billion pool of funds Congress had assembled to shore up the banking system and fight a growing panic on Wall Street.
MELBOURNE, Dec 10- General Motors Co said on Tuesday it has made no decision on whether to stop making cars in Australia after 2016, but added that it would need assistance from the Australian government to survive long term.
WASHINGTON, Dec 9- The U.S. government sold its last shares of General Motors Co on Monday, leaving taxpayers saddled with a total shortfall of about $10 billion on the automaker's 2009 bailout. "With the final sale of GM stock, this important chapter in our nation's history is now closed," Treasury Secretary Jack Lew said.
WASHINGTON, Dec 9- The U.S. government sold its last shares in General Motors Co on Monday, leaving taxpayers saddled with a total shortfall of about $10 billion on the automaker's 2009 bailout.
The "Fast Money" traders share their final trades of the day.
MOSCOW, Dec 9- Russian car sales fell for a ninth straight month in November, down 4 percent on the year, a lobby group for the industry said on Monday, although the decline was an improvement on the 8 percent drop recorded in October.
General Motors is dropping Chevy as its No. 1 brand for mass-market vehicles in Europe and is making Opel its primary mainstream line.
DETROIT, Dec 6- General Motors Co's decision to pull the plug on Chevrolet in Europe is one of several calculated moves the U.S. automaker appears to be making around the world that analysts and investors say are long overdue if the automaker wants to boost profits in line with its rivals.
Technology growth stocks, consumer cyclical, discretionary and some industrials will do well, Sarat Sethi of Douglas C. Lane tells CNBC.
Consumers have feasted on discounts this holiday season, but it means thinner profit margins for retailers.
NEW YORK, Dec 6- Consumers have feasted on discounts this holiday season, but it means thinner profit margins for retailers from Wal-Mart Stores Inc to Neiman Marcus, and car makers, a red flag for investors who have ridden a sector rally all year.
*Australia, S.Korea just signed free trade agreement. SEOUL/ SYDNEY, Dec 6- General Motors Co may consider shipping more South Korean-made cars to Australia, a source said on Friday, as part of a global restructuring that will see its Chevrolet brand in Europe dropped and production in Australia potentially scrapped.
*Announcement due this week but deferred to February 2014- ABC. SYDNEY, Dec 6- General Motors Co has decided to pull out of vehicle production in Australia as early as 2016, local media reported on Friday, in what would be a major blow to the struggling industry.
If stocks sell-off on Friday Jim Cramer wants you to be ready.
Hedge fund manager Kyle Bass said his bet on J.C. Penney went south because he wasn't able to predict that the retailer's vendors would change terms.
The key to understanding Apple's 2014 strategy is its cohesive cross-device operating ecosystem that is driving sales and product development. Jason Stein, of Laundry Service, shares his predictions.
SAO PAULO, Dec 5- Production and sales of motor vehicles in Brazil fell in November as weaker demand and high inventories kept pressure on the local auto industry. Stagnant demand for cars despite heavy tax incentives from President Dilma Rousseff underscored expectations that sales in Brazil will contract this year for the first time in a decade.
Hayman Capital's Kyle Bass discusses his fund's stake in General Motors on the belief the automaker's stock could rise more than 40% over the next 12 to 18 months.
SAO PAULO, Dec 5- Automobile production in Brazil fell 10.7 percent and sales fell 8.3 percent in November from October, the national automakers' association said on Thursday. Automakers in Brazil produced some 289,600 new cars and trucks last month, while sales totaled about 302,900 vehicles, according to data released by industry group Anfavea.
FRANKFURT, Dec 5- General Motors Co will drop the Chevrolet brand in Europe by the end of 2015 and focus resources on pushing its Opel and Vauxhall brands, the latest effort by the U.S. carmaker to turn around its European operations.