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GM shares fall below $10 for first time since 1954
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Posted on
Jul 03 2008 5:28 AM
by
adeal
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Shares of General Motors Corp. plunged Wednesday to close below $10 for the first time in more than half a century, on worries about the company's cash needs and speculation about a possible bankruptcy protection filing down the road. GM shares fell $1.77, or 15.1 percent, to close at $9.98. Their session low of $9.96 marked their lowest point since Sept.
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