gm bankruptcy

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Steven Rattner has reached an agreement with New York Attorney General Andrew Cuomo to settle allegations that the former "car czar" paid a state official to steer state pension-fund business to Rattner's Manhattan-based private-equity firm several years ago.

After its near-miraculous emergence so quickly from bankruptcy, the new GM will certainly make big bucks for investors if it fulfills its potential to beat sales forecasts and earnings expectations. And, no, it wouldn't take another miracle.

General Motors will increase the size of its IPO by almost one-third to meet strong investor demand. The company said it will increase the IPO to 478 million common shares, 31% more than the planned 365 million. These figures exclude the amount of shares that underwriters have the option to...

General Motors's IPO later this month is expected to raise about $10 billion -- of between $26 and $29 per share -- and to reduce the U.S. government's stake of the company to a minority portion, the Associated Press reports.

General Motors is giving some 600,000 employees, retirees and dealers the chance to purchase stock in the resurgent company as the auto giant moves forward with its initial public offering, slated for next month.

GM filed for an IPO this week, which means that the U.S. government will soon be able to start selling off its 61% stake in the automaker. So what are the odds that the taxpayers will break even on their $42 billion gamble in General Motors, and what would it take for them to do so?

A little more than a year ago, bankrupt GM required a massive government bail-out. Today the company began its return to Wall Street by formally filing to hold an IPO. Yet it remains unclear if the once-troubled automaker will be a good investment.

General Motors is paying its bailout loans back in full and ahead of schedule. CEO Edward Whitacre is headed to Washington to share the good news -- and he's paying his own way on a private jet, hoping to avoid the spectacle surrounding his predecessor's trip last year.

Ed Whitacre is a 'temp' no more. The General Motors chairman of the board, who took over as interim chief executive officer following the ouster of Frederick "Fritz" Henderson in December, is making the post permanent. Whitacre made the announcement to a group of reporters at a hastily arranged press conference Monday morning in Detroit. The decision was reached last week during a special meeting of GM's board in which the former AT&T (T) CEO was asked to stay on permanently.