CRWENewswire Reports General Motors Could Benefit from the $50 Million from the US Goverment
Posted on 11/5/2009 1:55:35 PM in #Stocks | 0 comments comments
FREE Daily Stock Alerts From CRWEPicks.com
________________________________________
DETROIT (CRWENewswire) -- General Motors Co. could tap some of the $50 billion in aid it has received from the U.S. government to help finance its plan to restructure its European Opel unit, GM's top executive said Thursday.
But CEO Fritz Henderson said it would do so only if necessary and would try to finance the $4.5 billion (3 billion euros) restructuring with loans from European countries, money generated by Opel and by reducing royalties that Opel pays GM for use of technology.
NEW YORK (CRWENewswire) -- Shares of Ancestry.com climbed in their first day of trading Thursday after the genealogy Web site's initial public offering priced in the middle of the expected range.
The stock jumped $1.43, or 10.6 percent, to $14.93 in afternoon trading. It earlier traded as high as $16.32.
The world's largest online resource for birth certificates and marriage records priced 7.4 million shares at $13.50 each late Wednesday -- the midpoint of its expected range of $12.50 to $14.50 -- to raise $100 million in its initial public offering.
TAMPA, Fla. (CRWENewswire) -- Gerdau Ameristeel Corp. said Thursday it lost money in the third quarter as revenue fell and it took one-time accounting charges for halting steel production at a mill and cutting debt.
For the three months ended Sept. 30 the company lost $25.4 million, or 6 cents per share, compared with a profit in the year-earlier period of $316.9 million, or 73 cents per share.
________________________________________
***********Advertisement***********
.png) .png)  .png) 
********************************
Disclaimer: Our disclaimer is to be read and fully understood before using our site, reading our newsletter or joining our email list. Never invest in any stock featured on our site or emails unless you can afford to lose your entire investment (read more) Rule 17B requires disclosure of payment for investor relations.
|