real-time news and commentary for investors
Wednesday, Sep 18
The Treasury Dept. reveals more sales of General Motors stock
- The Treasury Department sold another block of General Motors (GM +0.9%) shares to leave Uncle Sam with a 7.3% stake in the automaker. The pace of sales is slightly higher than anticipated.
- If GM's stock price were to remain level, the government will end up losing close to $10B on its bailout effort.
- What to watch: When the Treasury finally sells off its position, GM could fire up its first dividend since 2008.