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U.S. markets recover from steep losses
BEVERLY HILLS, Calif., Nov. 30 (UPI) -- Activist shareholder Kirk Kerkorian has cut his ownership of General Motors Corp. from 7.4 percent to 4.9 percent, U.S. regulatory filings showed Thursday.
The California billionaire's Tracinda Corp. investment arm last week lowered it 9.9 percent stake in GM to 7.4 percent, TheStreet.com said.
This week, Tracinda unloaded another 14 million shares, leaving Kerkorian with 28 million GM shares. Tracinda's moves have been reported to the Securities and Exchange Commission in formal filings that were made public Thursday.
The world's No. 1 automaker's share price was off 2.5 percent in late day trading.
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CANBERRA, Australia, May 23 (UPI) --
Australia has passed legislation establishing the $10 billion Clean Energy Finance Corp. to provide grants and government investment to green projects.
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MELBOURNE, Fla., May 23 (UPI) --
Northrop Grumman says its Military Airworthiness Certification is closer for its re-engined EC-8 Joint Surveillance Target Attack Radar System aircraft.
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The housing inventory rose slightly in April, which is unusual in the middle of the spring sales season. The uptick may be the result of rising seller confidence and it should ease concerns that the super tight inventory levels of the last six months...
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What if Europe turned out to be the new Japan?
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