Originally published Wednesday, November 10, 2010 at 8:52 AM
Comments (0)
E-mail article
Print
Share
AP Source: UBS employee leaked info on GM IPO
A person briefed on the matter says Swiss bank UBS is no longer working on General Motors' initial stock offering because a bank employee leaked information about the sale in an e-mail.
AP Auto Writer
A person briefed on the matter says Swiss bank UBS is no longer working on General Motors' initial stock offering because a bank employee leaked information about the sale in an e-mail.
GM disclosed the e-mail in a filing with the Securities and Exchange Commission on Wednesday. The filing says investors who buy GM stock could seek refunds or damages because of it.
UBS and the SEC would not comment.
The person would not say what the e-mail said or where it was distributed. The person did not want to be identified because the bank has not been publicly named as the source of the e-mail.
GM's owners, including the U.S. government, plan to sell about $10 billion in common stock on Nov. 18.
UPDATE - 09:46 AM
Exxon Mobil wins ruling in Alaska oil spill case
UPDATE - 09:32 AM
Bank stocks push indexes higher; oil prices dip
UPDATE - 08:04 AM
Ford CEO Mulally gets $56.5M in stock award
UPDATE - 07:54 AM
Underwater mortgages rise as home prices fall
NEW - 09:43 AM
Warner Bros. to offer movie rentals on Facebook
More Business & Technology headlines...
Entertainment | Top Video | World | Offbeat Video | Sci-Tech
- Pete Carroll on Seahawks' off-field problems: "It's real serious"
- Amazon’s plan for giant spheres gets mixed reaction
- Records: Slain intruder showed signs of mental breakdown
- Burt Bacharach opens up on daughter's suicide
- Police: Brother-in-law ‘heavily involved’ in disposal of Susan Powell’s body
- UW Medicine, Catholic health system to have ‘strategic affiliation’
- Marshawn Lynch only healthy Seahawk missing from first workout
- Kemper Freeman plans $1.2 billion expansion in Bellevue
- Okla. residents come home to pick up the pieces
- Mom gushes over billion-dollar Tumblr baby
- Game thread: Aaron Harang tries to halt Mariners slide 310
- Guest: Stop using the term ‘illegal immigrants’ 196
- UW Medicine, Catholic health system to have ‘strategic affiliation’ 178
- A few things to take away from this heartbreaking Mariners series 161
- Leading Senate Democrat: IRS behavior intolerable 124
- Mike Trout hits for cycle; Mariners hit rock bottom...again 88
- Amazon.com proposing glass-and-steel spheres 71
- Is Catholic Church taking over health care in Washington? 54
- Apple's Cook to face Senate questions on taxes 46
- Crews dig through night after deadly Okla. twister 45
- UW Medicine, Catholic health system to have ‘strategic affiliation’
- Kemper Freeman plans $1.2 billion expansion in Bellevue
- Amazon’s plan for giant spheres gets mixed reaction
- UW expands online courses, this time from Harvard, MIT
- Is Catholic Church taking over health care in Washington? | Danny Westneat
- China’s wealthy paying cash for Eastside luxury homes
- Italy on the plate by way of Ballard | Taste
- Earthquake scenarios show potential for huge damage, loss of life
- deafReview gives a voice to deaf consumers
- Merchants sing blues over Seattle waterfront projects
News where, when and how you want it
All newsletters Privacy statement