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IPO for GM Delayed until Next Week
Editorials | August 13, 2010Automaker General Motors has put off filing with the SEC for its IPO until early next week. The company had the filing originally scheduled for today. GM will update its prospectus in the interim.
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Net Income of $1.3 Billion in 2Q for GM
Editorials | August 12, 2010Today, General Motors announced a second-quarter net income of $1.3 billion. Sales also rose by 44 percent from 2Q 2009 to $33.2 billion. The healthy numbers come as GM prepares to make an initial public offering of its stock soon.
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