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Kerkorian's Stock Buys Jolt GM Price
Summary from multiple countries, from articles in English
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Financier Kirk Kerkorian made a bold bet on General Motors Corp. on Wednesday, offering to more than double his stake to 8.8 percent in a move that raised investor confidence in America's industrial backbone and drove U.S. stocks broadly higher. (article 10)
Kerkorian's Tracinda Corp. said Wednesday that for investment purposes, it intends to make a cash tender offer for up to 28 million shares of General Motors Corp. at a price of $31 per share. (article 14)
Tracinda, which already owns a 3.9 percent stake in GM, would hold 8.84 percent of the automaker's outstanding shares upon completing the offer. (article 14)
Investors in troubled General Motors Corp. were betting Wednesday that 87-year-old billionaire Kerkorian's surprise proposal to acquire a large stake in the company could be a catalyst for better times at the world's largest automaker. (article 6)
Strong sales of regular milk and higher prices helped Dean Foods Co. post a stronger-than-expected first quarter and prompted the company on Wednesday to boost its earnings guidance for the year. (article 15)
Stocks were primed for a higher open Thursday, with the impact of Wednesday's rally likely to keep sustaining markets in the early going. (article 4)
Nasdaq and S&P futures pointed to a higher open Thursday, when fair value is taken into account. (article 4)
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Other stories about GM, percent and Sales:
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Story keywords
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GM, percent, Sales, stock, automaker |
Source articles
- Dow Ends Up 128 on Kerkorian GM Offer (Washington Post, 05/04/2005, 654 words)
- Stocks leap on earnings, Kerkorian offer for GM stock (USA Today, 05/04/2005, 687 words)
- Big Movers in the Stock Market (Washington Post, 05/04/2005, 316 words)
- Stocks gain Wednesday (money.cnn.com, 05/04/2005, 1022 words)
- Stocks sparked by surge in GM shares (Washington Post, 05/04/2005, 390 words)
- Kerkorian's Tracinda Offers to Buy GM Stake (CBS News, 05/04/2005, 834 words)
- Former Chrysler investor Kerkorian seeks GM shares (money.cnn.com, 05/04/2005, 950 words)
- Markets Climb on Kerkorian's GM Offer (Washington Post, 05/04/2005, 466 words)
- GM shares jump on Kerkorian offer (BBC News, 05/04/2005, 474 words)
- Kerkorian bids for stake in embattled GM (Washington Post, 05/04/2005, 433 words)
- Kerkorian's Stock Buys Jolt GM Price (Washington Post, 05/05/2005, 318 words)
- Kerkorian May Help GM Bondholders Too (Washington Post, 05/04/2005, 392 words)
- Kerkorian Once Again in Spotlight (Washington Post, 05/04/2005, 602 words)
- Tracinda to Make Offer for GM Shares (Washington Post, 05/04/2005, 234 words)
- Regular milk sales help Dean (dallasnews.com, 05/04/2005, 505 words)
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blaster@cs.columbia.edu
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