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...plans to start paying back its government loans this month. Repaying the direct government loans well ahead of the 2015 date contemplated by the Treasury Department when it helped GM reorganize during the bankruptcy is the first step toward an initial public offering of stock in the new GM. While GM received more than $50 billion in federal aid, only about $6.2 billion will be repaid in cash; the U.S. Treasury agreed to take stock in lieu of cash for much of the remainder, which gave the government a 60.8% stake in the new GM. Earlier this week, Treasury Secretary...
...With profits still elusive, one of the criteria for judging success used by Whitacre is market share, and by that measure, GM did improve in the third quarter, as its global share increased to 11.9%, up 0.3 percentage points from the first half of the year. "I took the job with a serious level of skepticism," Whitacre noted in a recent speech in Texas. "Some five months later, I am very pleased to report that my skepticism is giving way to optimism, little by little, day by day. We are much better positioned for success than I thought possible...
This is impressive for someone who seems so likely to be continents away in her future. Nowak was first hooked by the pull of Africa when she was a young child and her father brought home a National Geographic CD of African music. Growing up in East Aurora, a small town outside of Buffalo, NY, this was a thing of rarity. “Where I live is pretty isolated and white. My parents made an effort to expose us to cultural things,” she says...
From that moment of first exposure, she was pretty much Africa bound. In the summer of 2004, she went to Ghana with the American Field Service. She returned in the summer of 2008 to set up a Youth Center for Peace in rural Sierra Leone. In between the two projects, specifically to help forward her Africa interests, she chose Harvard—where she is now an African and African American Studies concentrator pursuing a secondary in Chemistry...
When Andre U. Akpan ’10 donned the whites of the U-20 U.S. National Soccer Team for the first time, he was a member of a squad composed nearly entirely of professionals. He started against Haiti and scored three goals, one on a header. That summer, he played in the U-20 World Cup in Canada, helping the U.S. advance to the quarterfinals. At this point, he had played with and against some of the best soccer talents in the world. He had also just finished his freshman year at Harvard...