stock offering

BlackRock Shares Slide on News of Secondary Offering

BlackRock's stock price fell sharply on Wednesday morning after the global investment management firm confirmed that Bank of America and PNC Financial Services would sell 42 million of its shares in a secondary offering.

GM Likely to File for IPO Later Today

Auto giant General Motors is expected to file for its IPO as soon as Wednesday. The filing is likely to include preferred as well as common shares and will help the government unload its 61% stake in the carmaker.

Goldman's Discounted GM IPO Fee Angers Rivals

Goldman Sachs' big discount in underwriting fees for the GM IPO has squeezed the other underwriters in the deal. The banks now stand to make only a fraction of what they would normally rake in for the stock offering.

GM Looks Set to Report Another Profit

Three months after turning profitable since its bankruptcy, GM CEO Ed Whitacre is expected to report it made even bigger profits -- perhaps in excess of $1 billion -- during the second quarter when it releases its latest results on Thursday.

Ford takes the dilution road

Ford (F) as much as admitted that it needed cash today. While the money may not go toward operations, the car company has other obligations that will...