On Air Now

Listen

Listen Live Now » 98.5 FM Battle Creek, Michigan

Weather

Current Conditions(Battle Creek,MI 49017)

More Weather »
84° Feels Like: 87°
Wind: W 15 mph Past 24 hrs - Precip: 0”
Current Radar for Zip

Today

Partly Cloudy 86°

Tonight

Scattered Thunderstorms 62°

Tomorrow

Mostly Sunny 76°

Alerts

Breaking News

Barricaded gunman at Lions Den taken into custody with no injuries

Read More »

Obama's re-election helps General Motors

by
A banner hangs on the front of the General Motors Co world headquarters announcing GM's return to NYSE in Detroit
A banner hangs on the front of the General Motors Co world headquarters announcing GM's return to NYSE in Detroit

DETROIT (WKZO) -- The re-election of President Obama is good news for General Motors.  It creates a clearer path for the government to begin selling some of its 32-percent stake in the automaker.

According to "Morningstar" analyst David Whiston, the Obama administration could unload the stake quickly and not have too much fallout.  On Monday, GM secured a new 11-billion dollar credit facility, adding to speculation that some of that money will be used to buy back some government shares.

Comments