Thanksgiving came a week early for General Motors
The offering was priced at $33, opened at $35, and closed at $34.19. No peel-outs, no skid marks. In short, it was a pretty orderly return for the automotive giant.
Ford
Briefly in the news
And now let's take a quick look at some of the other stories that shaped our week.
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Google
(Nasdaq: GOOG) launched Boutiques.com, just in time for the holiday shopping season. Don't worry: Visitors won't be getting fashion advice from Larry and Sergey. Google's new site leans on celebrities, designers, and fashion bloggers to drum up online shopping ideas. - During Microsoft's
(Nasdaq: MSFT) annual shareholder meeting, a frustrated investor asked whether it was time to break Mr. Softy into pieces. Even if doing so makes sense, it's unlikely to happen. -
SINA
(Nasdaq: SINA) became the latest Chinese dot-com to land ahead of Wall Street's profit targets. Revenue and adjusted earnings grew by 12% and 65%, respectively, in its latest quarter. No one's discussing breaking up SINA, but that never happens when you're on a roll. -
Merck
(NYSE: MRK) had good clinical trial news on its promising new cholesterol drug. It still has a long way to go, so investors -- and unhealthy eaters -- will need to be patient here.
Until next week, I remain,
Rick Munarriz