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GM News - USA - Full-year loss totals $8.6 billion
Quarterly net loss mushrooms to $4.8 billion
DETROIT,Mich,USA -Reuters/Automotive News -Jan 26, 2006: -- General Motors posted a fourth-quarter net loss of $4.8 billion on Thursday, much worse than Wall Street had expected, amid high costs, shrinking market share and sluggish sales of SUVs... It was the fifth straight quarterly loss for the world's largest automaker and brought its losses for all of 2005 to $8.6 billion...
Kerkorian to buy back 12 million GM shares
DETROIT,Mich,USA -Automotive News -Jan 26, 2006: -- Investor Kirk Kerkorian is buying an additional 12 million shares of General Motors, upping his stake in the automaker to about 9.9 percent... The move restores Kerkorian's GM holdings to 56 million shares - the level he had last year before selling shares for tax purposes...
posted by Unknown @ 11:52 AM
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