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.
... �. * 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.
Earlier today Pfizer stock was halted by the New York Stock Exchange. The reason: A Virginia court had invalidated the patent on the company's drug Celebrex, which is expected to generate $2.1 billion in annual sales in 2014.
Copper's role as collateral for loans in China has sparked a sharp selloff as the government cracks down on the country's shadow finance sector.
WASHINGTON (Reuters) - The United States will hold the first test sale of crude from its emergency oil stockpile since 1990, offering a modest 5 million barrels in what some observers saw as a subtle message to Russia from the Obama administration.