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Crude oil pushes toward $96
WASHINGTON, Feb. 25 (UPI) -- The U.S. Treasury Department said it realized $156.4 million from sales of General Motors stock in January.
The department is expected to unload its approximately 300 million shares on the open market by the end of 2014.
It plans to do so gradually, using a trading plan that has not been made public so that hedge funds cannot corner the market, The Detroit News reported Monday.
In January, it sold about 5.4 million shares for $27.61 to $29.16 per share, the News reported.
The department, at one point, expected to lose $44 billion in bailouts to GM, Chrysler and automotive lender Ally Financial.
That has been gradually reduced. The Treasury Department now expects to lose $14.3 billion on the bailouts that were funded by the Troubled Asset Relief Program.
The government still owns 74 percent of Ally Financial. It once owned 61 percent of GM but that has been reduced to less than 19 percent.
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TEL AVIV, Israel, May 17 (UPI) --
Nobel Energy of Houston, which discovered Israel's big gas fields in the eastern Mediterranean, is pressing the government to decide soon on an energy export policy as the prospect of an undersea pipeline to Turkey gains credibility.
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TEL AVIV, Israel, May 17 (UPI) --
mid growing concerns about security threats from Syria and Iran, Israeli Prime Minister Binyamin Netanyahu has greatly reduced planned defense budget cuts.
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Properties repossessed by lenders in the first quarter took an average of 477 days to complete the foreclosure process, up from 414 days in the previous...
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Nobody likes spending cuts but the champion of that attitude is clearly President Barack Obama, who seems to have a very clear pain-avoidance agenda.
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