The criminal investigation that opened yesterday into General Motors Co. (GM:US)'s handling of an ignition flaw linked to 12 deaths adds to legal challenges that threaten to overshadow the company's turnaround.
U.S. stocks traded mostly lower on Wednesday, as investors trimmed some exposure to riskier assets amid uncertainty about global growth.
... �. * To offer 22.2 million shares at $21-$24/share. * To list shares on NYSE under symbol "KING". * Shares scheduled to start trading on March 26 - underwriters.
... �. * Renewed safe-haven buying supports yen, Swiss franc. * Chilean peso rebounds after near 5-year lows on China concerns.
... �. * U.S. plans up to 5-mln-barrel release from crude reserve. * U.S. crude stocks +6.2 mln bbls vs +2.2 mln bbls forecast.