stockholders

General Motors gets approval to assets sale

July 6, 2009 - 4:39am | News

According to Reuters, judge Robert Gerberof the U.S. bankruptcy court in Manhattan gave his approval to General Motors Corp`s bankruptcy sale. The move will allow the company's most profitable assets to exit bankruptcy protection under government ownership.

The company had argued that it would be forced to liquidate if the sale was not approved. The U.S. government in turn said it could walk away from funding the automaker if a deal was not approved by July 10.

"If GM liquidates, there will not only be nothing for stockholders; there will be nothing for unsecured creditors, Gerber said in the ruling.

assets | bankruptcy protection | creditors | General Motors | stockholders

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Investment basics: how do stocks work?

April 27, 2009 - 1:59pm | Articles | Investment industry

Over the last few decades, the average person’s interest in the stock exchange has significantly grown. What was once rich people’s toy now has become a popular financial instrument. This interest coupled with new technology has fueled up stock trading. Nowadays shares are a part of nearly all investment kits.

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