Banks--- Betting on the recovery Message Board

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Non-Tech : Banks--- Betting on the recovery

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Nov 7 9:30 AM EST

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From: tejek	8/12/2010 10:38:51 AM
	1 Recommendation of 1428

GM posts second-quarter profit of $1.3 billion By Christopher Hinton NEW YORK (MarketWatch) -- General Motors Co. said Thursday its second-quarter earnings were $1.3 billion, or $2.55 a share. Revenue was $33.2 billion. GM emerged from bankruptcy on July 10, 2009, and is preparing for an initial-public offering later this year. The quarter ended June 30 was the auto maker's second consecutive period of profit. Earlier, The Wall Street Journal reported GM had secured a $5 billion credit facility, which should help the company offload some of the U.S. Treasury's $50 billion stake in the company.

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