Originally published on Wed December 19, 2012 8:36 am
In a statement early this morning, the Treasury Department says it's going to "exit" its investment in General Motors. The federal government holds just over 500 million shares of GM stock.
The automaker will buy 200 million of those shares, and the government will dispose of the rest "in an orderly fashion" over the next year and a half, depending on market conditions.
Originally published on Wed December 19, 2012 12:14 pm
Good morning, here are our early stories:
UBS To Pay $1.5 Billion For 'Routine And Widespread' Rate Rigging.
President Obama Is 'Time' Magazine's 'Person Of The Year'.
Some of today's headlines and news about the shootings at an elementary school in Newtown, Conn., last Friday. Twenty children and six adults were killed by the gunman who attacked Sandy Hook Elementary:
Writing that "after four of the most challenging years in the nation's history, his chance to leave office as a great president who was able to face crises and build a new majority coalition remains within reach," Time magazine has named President Obama its "person of the year."
The others on Time's "short list" were: