General Electric (GE 24.72, -0.76) resumed trading following news of
the $12 billion common stock offering and $3 billion preferred stock
sale to Berkshire Hathaway (BRK.A 131,900, +1,300). GE shares are down
3.0%, which is a substantial improvement from the session low when
shares were down 9.8%. Note that BRK last traded at 1:40 PM ET.
In other news, General Motors (GM 9.49, +0.05) reported that North
American sales on seasonal adjusted rate fell 16%, which was better
than the expected decline of 26%.