We recently faced a little editorial conundrum here over GM ... not the type of call you'd have to make at a TV news broadcaster or newspaper. But as a result we're changing how we ticker GM stories.
First element, GM's unusual bankruptcy ...
As you'll recall, the pre-packaged arrangement calls for the creation of two GMs -- the good one and the bad one. The Good GM is owned by the US and Canadian governments and the company's major union. The Good GM is expected to go public next year but until then, you can consider it privately held and off the public trading market.
Then there's the Bad GM (some folks would prefer to call it the Old GM. Whatever). It is made up of the iffy assets and junk that management didn't want clogging up the Good GM. But it continues to trade as a penny stock under the ticker symbol MTLQQ.
Second element, the Internet and the Ticker ...
Now ticker symbols are vital DNA for business news on the Internet. They determine categorization and distribution. Did you come to our site by following a story link from Yahoo or AOL quote page? A fair number of you do. It's the ticker symbol that gets those story links on those quote pages.