Buyback

DETROIT (AP) — General Motors, trying to clear the stigma of being partly owned by the U.S. government, will spend $5.5 billion to buy back 200 million shares of its stock from the treasury. The government, in turn, promised to sell its...

Another day, another few billion dollars of Apple's market cap bounced around like a ping-pong ball by the stock market. After flirting with the $500 barrier early in trading on Monday, the stock rebounded and was up 0.48% to $512.25 in mid-day trading....

Steve Jobs is no longer running Apple, but our obsession with its gadgets soared to new heights in 2012, just like its stock price.  In the first full year under CEO Tim Cook, Apple accelerated its product launches, shook up its management team, and...

Usually by early December, investment professionals have mapped out their outlook for the next year. But such forecasting has been made difficult by the "fiscal cliff" — the confluence of spending cuts and higher taxes that kick in automatically...

The U.S. Treasury on Wednesday announced plans to liquidate its holdings in General Motors Co. over the next 15 months, starting with the sale of about 40% of its shares by the end of this month. GM will purchase 200 million of the 500 million shares...

Two key Toyota models, the flagship Camry sedan and the Prius v wagon, failed an important new crash test conducted by the Insurance Institute for Highway Safety, an insurance industry group. Honda's newly redesigned Accord tied for the top safety rating...

The Phoenix Cos. on Tuesday reported a net loss and an operating loss for the quarter. The Hartford-based life insurer and annuity company delayed its quarterly report because it is in the process of restating its finances for the first two quarters of...

JPMorgan's finance chief said Friday that the loss from the bank's chief investment office's errant trades has totaled $5.8 billion so far this year. Traders involved in the loss could lose as much as two years of income and no longer work at the bank,...

Online games, it seems, just want to be free. Electronic Arts on Tuesday announced that it will offer up substantial portions of its "Star Wars: The Old Republic" multi-player online game to players for free starting this fall. A premium version with...

The Hartford Financial Services Group will probably use proceeds from the sale of several business units to pay off debt and buy back shares of company stock, analysts say. The last of several large divestitures was announced last week with the planned...

MetLife Inc. and General Electric Co. have tweaked the terms of a deal in which the U.S. life insurer is selling $7 billion in bank deposits to the conglomerate, a move MetLife said would change the regulator in charge of approving the deal. The Office...

Birthday greetings to Warren Buffett, who shows no signs of slowing down even as he turns 82. As Buffett ages, the question of what Berkshire Hathaway (symbol BRK-B) will look like -- and what its shares will be worth -- once its legendary chairman and...