No less than former auto czar Steve Rattner said a key reason the U.S. decided to rescue General Motors is because his team believed GM's vehicles are much better than their reputation. Eventually, according to their reasoning, buyers must wake up and GM will be rewarded with stronger sales and better pricing, leading to improved financial performance.
As General Motors welcomes its fourth CEO in 18 months, a frequently-asked question is "Why can't somebody be found who can run GM?"
As General Motors gets ready to take its show on the road in support of its initial public offering after Election Day, one of its biggest question marks is the future of Opel and its European division.
General Motors, fresh off two profitable quarters, is planning a public offering expected to raise as much as $16 billion. Does this mean election-year vindication for President Obama's much-maligned decision to take control of the Detroit automaker?
General Motors filed registration documents Wednesday to sell shares to the public again, setting the stage for the U.S. government to reduce its ownership of the automaker.
A possible initial public offering of Internet TV service Hulu would be a significant test for the success of the online streaming video business.
Shares of MakeMyTrip Ltd. soared 89% on Thursday as the Indian travel agency made its debut on the U.S. market, in another sign of strength for online travel booking services.
Demand Media CEO Richard Rosenblatt has been insisting for years that his company is profitable. But it isn't. Never was, in fact.
General Motors was winding up a regular quarterly earnings call with securities analysts and reporters Thursday morning when Chairman Ed Whitacre unexpectedly got on the line to announce that he was stepping down as chairman and CEO.
General Motors posted its second straight profitable quarter Thursday, helping clear the way for a sale of shares to the public that is needed to repay billions in taxpayer assistance it received last year.
Skype, the Internet video phone service, is planning a $100 million initial public offering, according to a regulatory filing Monday.
American International Group is expected to report another quarterly profit Friday. But the elephant in the middle of the room is staying put.
The stock debut of Tesla Motors in late June sparked memories of the initial-public-offering mania of a decade ago. As the share sale for the electric-car maker (which is at least two years from profitability) approached, excitement mounted, and the underwriters raised the price to $17, from an expected range of $14 to $16. Demand was so intense that the stock opened at $19 and spiked as high as $30 within a day. The shares promptly tumbled below $15 before settling around $20 in late July.
GE announced Friday it will raise the quarterly dividend by 20% and will resume its share buyback program at the end of the quarter.
In an interview that will air tonight on ABC's "World News with Diane Sawyer," Facebook CEO Mark Zuckerberg talked frankly about an upcoming IPO, the Facebook movie, a shady lawsuit and much more.
updated: Thu Jul 15 2010 12:21:00
CNN's Eunice Yoon examines the debut of the Agricultural Bank of China, expected to become the world's largest IPO.
The parade of tall earnings continues. Intel joins Alcoa and CSX on the list of blue chips that have reported better-than-expected results and a healthy outlook for the rest of 2010.
Shares of troubled insurance giant AIG surged more than 6% Tuesday morning after reports said the company's board plans to meet this week to discuss a public offering or sale of its Asian life insurance business.
Shares of Tesla Motors sank below their initial public offering price Tuesday and continued to remain depressed Wednesday.
One of China's biggest banks is on track to become the largest IPO in history.
The time-honored employee stock option has seen better days.
While the rest of Wall Street was slumping this week, one small corner of the market was behaving like it was 1999 all over again.
Investors snapped up shares of Tesla Motors public debut on Tuesday, which raised $266 million for the glitzy but not yet profitable electric car maker.
For promising companies looking for capital, the once-dead IPO market is becoming attractive again -- especially for those backed by investors eager to cash out.
Where are the real opportunities for growth on Wall Street? Try China.
BP, which is responsible for the greatest oil spill in American history, has made the right call in deciding to suspend dividend payments this year.
Morgan Stanley and JPMorgan Chase are the leading candidates to handle the underwriting of an initial public offering for General Motors, according to published reports.
Volatility? What volatility? The turmoil in the stock markets over the past month hasn't scared off companies seeking to sell shares to the public.
Zipcar is seeking to raise $75 million through an initial public offering to pay off debt, the company said in a filing Monday.
Toys "R" Us is seeking to raise $800 million in stock through an initial public offering, hoping to clear some debt from its balance sheet, the company said in a securities filing Friday.
What's GM worth? The answer will help determine if taxpayers are able to make a profit from the automaker's bailout.
General Motors returned to profitability in the first three months of the year, the automaker reported Monday. It was GM's first profit since 2007.
In two tumultuous weeks in October 1987, the stock market shed nearly one-third of its value in perhaps the second most notorious crash in U.S. history. It could happen again. Don't be deceived by the rebounding economy, any more than the bulls should have been misled by the balmy climate during the late Reagan years. Right now, stocks are extremely vulnerable to the same scenario. The reason: The market is even more overpriced than when thunder struck on that distant Black Monday.
Shares of Baidu soared in afternoon trading Wednesday after the Chinese search giant split its stock 10 to 1.
Social networking startup Demand Media is preparing an initial public offering and has hired Goldman Sachs as an underwriter, according to a report published Friday.
Citigroup's soon-to-be spun off life insurance division soared in its market debut Thursday, gaining nearly 28%.
Big businesses have a lot of cash, and many are starting to put it to use -- to invest in themselves.
Does anyone really believe a little populist outcry will make Goldman Sachs crawl under a rock?
updated: Wed Jan 27 2010 09:46:00
CNN's Eunice Yoon reports on the controversy surrounding Hong Kong's first IPO by a Russian company.
General Motors' chairman and acting CEO Ed Whitacre will become permanent CEO, the automaker said in a press conference Monday. Whitacre also announced that GM would pay back all of its government loans, in full, by June.
The stars may very well align for the IPO market in 2010. Literally.
Wells Fargo said it raised more than $12 billion in a stock sale Tuesday as part of a plan to repay $25 billion in government aid.
Ed Whitacre, the chairman and for now the CEO of General Motors, is still not answering questions about the leadership shakeup at the taxpayer-owned automaker, a week after he promised he would make himself available to such questions.
I don't know about you, but I don't have a spare $101,900 stuffed under my couch cushions to buy an "A" share of Warren Buffett's Berkshire Hathaway. I probably could scrounge together $3,395 for one "B" share, but I would rather not.
Did you make bubble-era investments that left you so far underwater you needed a submarine? If so, you've got company. Gather round, and I'll show you how some of the smartest and richest folks in America lost more than half a billion dollars by buying into the commercial real-estate bubble in the summer of 2007.
Dole Food's initial public offering didn't go so well. The world's largest fresh fruit and vegetable company priced its deal below the anticipated offering range -- it then promptly wilted.
After a six-month hiatus of initial public offerings, the market looks to be heating up.
Stocks slumped Thursday, falling for the second straight session, as a surprise drop in existing home sales and tumbling commodity prices gave investors a reason to sell into a rally that pushed the major gauges to one-year highs.
Shares of A123 Systems, one of just a handful of U.S.-based makers of batteries for electric cars, debuted sharply higher from their offering price Thursday as investors cheered the closely watched firm.
Dollar General stores offer bargains to consumers. Will the retailer's stock be as good a deal for investors?
Discount retailer Dollar General Corp. on Thursday filed to sell up to $750 million worth of stock in an initial public offering.
Health care IT company Emdeon is the latest tech company to have a happy debut in the public markets.
If you need more proof that the mortgage crisis is far from over, look no further than the tepid reaction to the initial public offering of PennyMac Mortgage Investment Trust.
updated: Wed Jul 29 2009 10:06:00
CNN's Eunice Yoon reports how China's IPO mania is making a comeback.
updated: Mon Jun 29 2009 09:14:00
China's moves to reopen IPO market, underlining importance of developing markets. CNN's Andrew Stevens reports.
If you're looking for signs that the market and economy are slowly returning to normal, it is somewhat encouraging that demand for new stocks is finally perking up again.
Concepts like "smart grids" and "intelligent metering" are difficult for the non-expert brain to grasp. So instead, wrap your mind around a simpler set of facts. Utilities experience peak demand -- for example, on blistering hot days when air conditioners are pumping all out -- just 2% of the year.
Two successful venture capital-backed initial public offerings in as many days have created a buzz that the IPO market is opening up.
AIG Chief Executive Edward Liddy will appear before a House committee Wednesday to lay out the company's plan for paying back billions of taxpayer dollars.
If you have been wondering why you're seeing so many TV ads for language teaching software company Rosetta Stone (in one swimming stud Michael Phelps crows about learning Chinese before the Beijing Olympics) three letters explain it: IPO.
Many investors looking for safe havens in a rough market are latching onto double-digit dividend yields offered by real estate investment trusts.
Much like the arrival of spring, the market for IPOs is starting to show some signs of life.
Facebook is gearing up to befriend investors. That, at least, is the chatter around Silicon Valley after the social networking darling booted its chief financial officer. But an IPO would be risky given Facebook's business model is still unproven - unless it has a gun to its head.
The husband-and-wife team that built the first franchise to advise clients on health-care deals is reuniting. Frederick Frank and Mary Tanner joined Peter J. Solomon Co. this week to launch a new pharmaceutical and life sciences practice, just in time for the current wave of deal making that's sweeping Big Pharma.
Citigroup unveiled plans Thursday to pursue a reverse stock split, and the company officially gave notice of its previously announced plans to convert the government's massive preferred share stake into common stock.
Blackberry maker Research in Motion announced Tuesday that the company and four current and former officers have settled an options backdating case brought by the Securities and Exchange Commission.
After a barren U.S. market last year, four companies will test investor appetite for initial public offerings next week.
Companies repurchased huge chunks of their own stock when prices were peaking. Buybacks for S&P 500 companies hit a high of $150 billion in the fourth quarter of 2007, according to Thomson Reuters.
Dividend investing used to be really simple. Whether you were retired and needed the quarterly cash payments your stocks threw off for current income or you were a conservative investor simply looking to reinvest those dividends to generate a bit more growth, you bought these Steady Eddies with the intention of holding them for years - if not for the rest of your life.
Suleman Ali cashed out just in time.
Question: I just turned 60. My husband and I had about $40,000 in our 401(k) invested in the market and just lost half of it. We live in a very depressed part of the country - Michigan - no work. So we were invested in "aggressive income" stocks - big mistake, but we needed the dividends to live on. This is all the money we have, so do we reinvest or what?
It would be tempting to say they told us so.
Last month, Microsoft announced it was going to spend $40 billion buying back its own stock. Traditionally, that would have meant a payday for its investors. With Microsoft using its own spare cash to reduce the number of outstanding shares, earnings per share should have improved, and the stock price should have ticked upwards.
Microsoft announced Monday that it was planning to buy back an additional $40 billion worth of shares and fellow tech giant HP followed with a proposal to repurchase $8 billion worth of stock.
It's an annual ritual on Wall Street - the fourth quarter IPO season, when a flurry of companies make their debut on the public markets before New Year's. But given today's volatile market, and the dismal performance this month of what seemed sure to be a no-brainer IPO in Rackspace, you have to wonder what kind of year-end bump we might get.
It made all the sense in the world last year when Apollo Global Management LLC started making sounds about going public. At the time, private equity firms were riding high and everyone seemed to want a piece.
Blackstone Group, one of the world's largest private equity firms, reported a quarterly loss Wednesday due mainly to compensation expenses tied to last year's initial public offering.
Exxon Mobil once again reported the largest quarterly profit in U.S. history Thursday, posting net income of $11.68 billion on revenue of $138 billion in the second quarter.
Kohlberg Kravis Roberts & Co. is planning to go public in a transaction that could value the firm at between $12 billion to $15 billion, according to The Wall Street Journal, citing people familiar with the matter.
The predicted demise of bank dividends has been greatly exaggerated.
Falling bank stock prices are a warning to investors not to get too attached to those fat dividend checks.
The IPO market hasn't exactly been running at full throttle this year. And lately, it can't seem to get out of first gear.
Securities regulators on Wednesday charged Broadcom Corp. co-founders Henry T. Nicholas III and Henry Samueli with falsifying the company's reported income
Motorola's latest stumble puts the spotlight on its cash supply.
The IPO of an innovative African mobile phone company sends the country into a frenzy with dreams of profits on the stock market
Thanks to its stake in Visa's initial public offering this week, JPMorgan Chase & Co. has enough money to pay for its Bear Stearns purchase and still have about a billion dollars left over.
Visa, the giant credit card issuer, ended its first day as a publicly traded company at $56.50 a share, 28% above its initial public offering price of $44.
The largest initial public offering in U.S. history is dovetailing with a looming recession. But that's one reason why Visa's IPO has come at just the right time
Visa buyers paid a whopping $17.9 billion, or $44 a share, when the company priced its initial public offering Tuesday evening.
Visa's initial public offering won't just be the largest in history if it prices as scheduled Tuesday night - it will also serve as a barometer of the very health of the U.S. financial system.
Blackstone's meager quarterly earnings is just the latest example of the stunning reversal of fortune suffered by the private equity shops that once dominated Wall Street's food chain.
If Visa's just-filed initial public offering documents are any indication, it looks like the company is the biggest beneficiary of its rival MasterCard's own decision to go public in the spring of 2006. San Francisco-based Visa is seeking to sell as much as 446 million shares between $37 and $42 per share, which would make the approximately $18.8 billion raised the second largest IPO in history, behind China's Industrial and Commercial Bank Ltd's $22 billion, and the largest ever for a U.S. company.
Visa said Monday it could raise almost $19 billion from an initial public offering, which would easily become the largest IPO in U.S. history
This Valentine's Day, Corporate America is sending investors something better than a bouquet of roses and chocolates. Cash.
Just because the U.S. economy might be looking at a recession, doesn't mean a few good tech IPOs can't light up the market. While no company is fully immune to economic retraction, the most promising technology companies have the advantage of a global marketplace in which to sell their wares. So if U.S. markets hit the skids, companies can always focus their efforts on Asian or European customers.
As financial markets go, so go initial public offerings.
Like holiday shoppers maxing out their credit cards, the nation's retailers have been racking up debt buying back their own stock. Now their bills are coming due.
One of Wall Street's most closely watched dealmakers said Monday opportunities were growing in the battered market for home loans given to borrowers with weak credit.
updated: Wed Nov 07 2007 07:27:00
Asian markets tumble on renewed credit concerns. CNN's Eunice Yoon explains.
updated: Mon Oct 08 2007 09:15:00
James Stewart, head of research at Weavering Capital on the this week's economic agenda.
© 2013 Cable News Network. Turner Broadcasting System, Inc. All Rights Reserved.
|