Tag Archive for Gm

The U.S. Companies with the Most Cash – Money Morning

The trend of companies in America hoarding cash keeps growing.

The 10 U.S. companies with the most cash reported a combined $540 billion in cash, cash equivalents, and short-term investments in their last quarterly reports. That’s up nearly 3.7% in just the last quarter.

These cash hoards are why activist investors like Carl Icahn have been pushing companies’ boards to share their wealth with stockholders.

The Biggest Tech IPOs to Hit the Market- Money Morning

Thursday, micro-blogging site Twitter (NYSE: TWTR) will debut as a publicly traded company on Wall Street’s Big Board. Many analysts – including those at Money Morning – will steer clear of the hotly anticipated IPO – but TWTR has had no trouble generating investor interest.

The San Francisco-based company even increased its price range Monday on roughly 70 million shares from $17 to $20 per share to $23 to $25. The move values the company at a whopping $13.9 billion, or 26 times its revenue over the last 12 months. Twitter hopes to raise as much as $1.75 billion.

GM Opens IT Center in Phoenix – Analyst Blog – Money Morning

This is a syndicated repost courtesy of Money Morning. To view original, click here. Reposted with permission. General Motors Company ( GM – Analyst Report ) plans to open a new information technology (“IT”) innovation center in the Phoenix suburb of Chandler in order to support all its information technology needs, including Web technologies, dealer…