GM Buys Back $5.5 Billion In Stock From The U.S. Government

[NewsBot]

General Motors has announced plans to buy back some of its stock from the U.S. Department of the Treasury, reducing the federal government's stake in the automaker by 40%. In a press release, GM says that it will purchase 200 million shares of common stock from the Treasury -- a significant chunk of the 500 million shares that the feds currently...


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