Sunday, November 21, 2010

GM shares lose momentum in post-IPO NYSE return (Reuters)

A Halifax GM dealer is shown, Thursday, Nov. 18, 2010. General Motors returned to life as a public company in one of North America's largest initial public offering, worth US $23 billion, 18 months after it emerged from a government-funded bankruptcy. (AP Photo/The Canadian Press, Andrew Vaughan)Reuters - General Motors Co made a triumphant return to Wall Street less than a year and a half after the government rescued the automaker and forced a massive overhaul but its shares lost momentum after an early bounce.


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