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The Treasury Dept. reveals more sales of General Motors stock

Sep. 18, 2013 10:11 AM ETGeneral Motors Company (GM) StockGMBy: Clark Schultz, SA News Editor5 Comments
  • 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.

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