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Tag Archives: New York Stock Exchange

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 billion and moves its largest owner, the U.S. government, closer ...

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Lower costs help Lowe’s 3Q profit rise by 19 percent

Lowe’s Cos.’ said Monday shoppers are spending on smaller painting and gardening projects but still avoiding major renovations because of worries about the economy. But the home-improvement retailer said it is focused on reining in inventory and costs, which helped ...

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Caterpillar’s purchase of Bucyrus spotlights M&As

Big deals are a big deal again. From Caterpillar to Chevron to Google, some of the best-known names in corporate America are scooping up smaller companies, finally putting the piles of cash they’ve been sitting on to use and positioning ...

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Stocks fall as rally wanes; Gold, silver jump

NEW YORK — Stocks fell in afternoon trading Tuesday, a day after the Dow Jones industrial average snapped a six-session gaining streak with a modest decline. Gold prices reached new highs as the dollar jumped 0.5 percent. A weaker dollar ...

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