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General Motors Company (NYSE:GM) has been recently pressing the United States Treasury to sell its entire stake of 500 million shares of the company back, with GM repurchasing 200 million, and the remainder being sold in a public offering. However, Treasury officials are delaying such a move as they are apparently waiting for the shares to go farther up, so as to recoup more of their losses.
Don’t Miss: Here’s Why Ford is in TROUBLE With the Police.
Lowe’s Companies, Inc. (NYSE:LOW) abandons its bid to acquire Rona at C$14.50 per share. The proposed purchase as pretty much dead on arrival, due to fierce opposition from Rona’s board and Canadian politicians.
If a resolution to ongoing talks over a content contract with A&E Networks is not reached by the weekend, Netflix, Inc. (NASDAQ:NFLX) could lose access to content from the latter, as soon as Friday. Should a deal not be obtained, some other top digital player such as Amazon.com, Inc. (NASDAQ:AMZN), or Time Warner Inc. (NYSE:TWX) could enter into the mix and land an exclusive agreement for the lineup of channels which include A&E and History.
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