GM Rallies Market

Jensen, Trevor
June 2005
Adweek;6/13/2005, Vol. 46 Issue 24, p6
Trade Publication
The article reports that General Motor Corp. (GM) boosted the stock market on Friday, as the Dow Jones industrial average closed at 10,512.63, up a half point for the week. GM shares were up nearly 9 percent on Friday because of reports that its major union may be willing to negotiate health-care costs that the automaker has blamed for holding it down. The major advertising agency holding companies experienced little movement through a week in which two of three finished with an increase. Interpublic Group of Cos. Inc. closed at $12.63, a rise of 7 cents or .5 percent for the week.


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