Tagged: obama

Update: 5:10pm

The New York Stock Exchanged closed.  AFP News reports "GM stocks closed at 34.19 dollars, up 3.6 percent from GM's initial sale price announced on Wednesday, but below session highs of 35.60 dollars a share."

Update: 3:00pm

The Detroit News reports the GM executives who attended the opening day for GM stock on the New York Stock Exchange bought hundreds of shares in the company themselves.

GM North American chief Mark Reuss called it an emotional day, saying he was proud to work for GM and thanking taxpayers for giving GM "a second chance."

The News reports the GM execs will head back to Detroit "after today's events in order to attend a private employee celebration at the company's Renaissance Center headquarters."

Update: 11:04pm

GM  executives rang the bell and played a recording of a Chevy Camaro revving its engine to open trading at the New York Stock Exchange this morning. As of this writing, the stock, bought during the IPO at $33 per share, has jumped to $35 per share in trading. Here's how it's tracking next to Ford's stock (F): 

The Wall Street Journal is reporting that GM's IPO tomorrow could be a biggy:

General Motors Co. said Wednesday that it will increase the size of its initial public offering by about 30% to 478 million shares, which could make it the largest global IPO in history.

A woman from Monroe, Michigan made news last week when she sold her hand written letter from President Barack Obama for $7,000.

The political landscape has changed for President Obama. As returns came in and races were called for republicans across the country, Obama made calls to the man who is likely to replace Nancy Pelosi as Speaker of the House, John Boehner.

He also made a call to the current republican leader in the Senate, Mitch McConnell. As of this post, it looks as though Democrats will retain control of the Senate.

The White House statement said:

The Detroit Free Press is reporting that U.S. District Judge George Steeh refused to issue a preliminary injunction to stop "preparations for putting federal health reforms into full effect in 2014. He also dismissed the key points of the suit — requiring Americans to buy health insurance and penalizing those who don’t starting in 2014."

There's been a lot of talk recently about how quickly microbes in the Gulf have been gobbling up the spill oil.  Scientific American has a report on what researchers know about the microbes in the Gulf. Reporter David Biello reports "the microbes of the deep Gulf of Mexico were ready to handle an oil spill."