An Online Source of the Stock Market Crash in the Stock Market
North American stocks wavered in and out of positive territory in early trading Wednesday on hopes of a possible deal to resolve the U.S. debt-ceiling crisis, as well as strong corporate earnings south of the border. The benchmark S&P/TSX composite index was up 6.37 points, or 0.05%, to 13,339.29. shortly after markets opened. While gold [...]
The troubled automaker issues a statement saying that it is not considering bankruptcy, after its shares sank 31% in Thursday trading. NEW YORK (CNNMoney.com) — General Motors is not considering bankruptcy, the company said in a prepared statement Friday. The announcement was in response to the automaker’s precipitous stock price decline the previous day, a [...]
General Motors insisted yesterday that bankruptcy was not an option, despite facing what it described as “unprecedented challenges”. Fears have been growing that the biggest US carmakers, GM and Ford, are close to calamity as the crisis in the financial markets has bled into the real economy. Shares in the pair were back under pressure [...]