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May 9, 2005
All Business: What's the prognosis for GM?
By RACHEL BECK
AP Business Writer
AP Business Writer
NEW YORK — The fundamentals at General Motors Corp. haven't changed a bit, but in the course of a few days the market's attitude toward the world's largest automaker went from bad to good to who knows what could happen next.
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Billionaire investor Kirk Kerkorian announced on Wednesday that he wants to increase his investment in GM, and that sent GM's stock rocketing to its largest one-day percentage gain in more than 40 years. Many investors seemed to think he would be a saving grace at a time when the struggling automaker doesn't have much going its way.
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Previous columns:
- All Business: How CEOs keep their high salaries, 03-30-2005
- All Business: Report says earnings reports still too rosy, 03-23-2005
- All Business: Despite merger mania, spinoffs also popular, 03-02-2005
- All Business: Corporate tax break unlikely to boost jobs, 02-09-2005
- All Business: Health care costs making firms sick, 01-26-2005
- All Business: Firms cover up CEO firing with ‘retiring', 01-24-2005
- All Business: Look beyond tech stocks for growth, 01-10-2005
- All Business -- Will consumers be dropping shopping?, 01-05-2005