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41 states gain jobs in October
WASHINGTON — Businesses and other employers added jobs in 41 states in October, the best showing in five months, the Labor Department said Tuesday. The figures indicate the job market […]
Obama promotes auto industry success in Indiana
KOKOMO, Ind. — President Barack Obama promoted the revival of the U.S. auto industry Tuesday, taking his pitch to the heart of the Rust Belt where a bruising economy has […]
Mindful of costs, wary Michigan cheers GM IPO
DETROIT — General Motors has returned to Wall Street to the cheers of traders and the loud growl of a Camaro’s engine. There’s celebration in Michigan too. But those cheers […]
Obama: GM stock sale a success for his policy
WASHINGTON — President Barack Obama says the early success of General Motors’ initial public stock offering validates his administration’s $50 billion taxpayer-backed rescue of the venerable automaker. The company’s stock […]
Economists: Nation won’t really rebound until 2012
LANSING, Mich. — In a good sign for a resurging General Motors, University of Michigan economists are forecasting a climb in motor vehicle sales over the next two years that […]
General Motors shares jump on Wall Street return
NEW YORK — General Motors stock began trading on Wall Street again Thursday, signaling the rebirth of an American corporate icon that collapsed into bankruptcy and was rescued with a […]
Heavy demand lets GM raise IPO share price
DETROIT — Fueled by strong investor demand, General Motors is setting a higher share price for Thursday’s initial public stock offering. The increase boosts the automaker’s market value to $50 […]
Nader seeks suspension of GM stock offering
WASHINGTON — Ralph Nader and consumer groups want the Obama administration to suspend General Motors’ initial public stock offering, saying taxpayers could lose billions of dollars in the deal. Nader […]
GM reports $2B 3Q profit ahead of stock offering
DETROIT — Strong profits on new cars and trucks helped General Motors Co. earn $2 billion in the third quarter, enhancing the company’s appeal as it nears next week’s initial […]
General Motors sends Mr. Goodwrench to sidelines
DETROIT — General Motors is asking Mr. Goodwrench to pack up his toolbox. The mechanic who served as the symbol of GM‘s dealer service brand for 37 years will be […]
Pontiac, maker of muscle cars, ends after 84 years
DETROIT — Pontiac, whose muscle cars drag-raced down boulevards, parked at drive-ins and roared across movie screens, is going out of business on Sunday. The 84-year-old brand, moribund since General […]
GM to invest $23.5M at White Marsh plant
General Motors Co. said Wednesday it will invest $23.5 million for additional production of vehicle electrification units at the Baltimore Transmission Plant in White Marsh. The investment will create 11 […]
