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GM sinks after Reuters first on U.S autos task force hiring bankruptcy lawyer 03.13.2009 General Motors shares fell as much as 15.4 percent in after hours trading on March 13 after Reuters broke news that U.S. President Barack Obama’s task force on the auto industry had hired an in-house bankruptcy lawyer to advise it on its options. Reuters had it 12 minutes ahead of Dow Jones. CNBC anchors immediately picked up the Reuters headlines, giving Reuters credit for the story on air. Bloomberg was about half an hour behind Reuters headlines. Reuters Firsts will need at least flash player 9 to give you the full experience. The latest Flash player can be downloaded here	firsts across any industry Commodities & Energy Energy, metals, agricultural and environmental markets FX & Money Markets Macroeconomics, monetary policy, FX and money markets Politics & Risk Politics and political risk Equity & Derivatives Companies, sectors, M&A and the financial industry Fixed Income Sovereign and corporate debt, credit, and ratings firsts by region Americas View stories from this region Europe / Middle East / Africa View stories from this region Asia View stories from this region Emerging Markets View stories from this region

Equity & Derivatives

Companies, sectors, M&A and the financial industry

GM sinks after Reuters first on U.S autos task force hiring bankruptcy lawyer

03.13.2009

General Motors shares fell as much as 15.4 percent in after hours trading on March 13 after Reuters broke news that U.S. President Barack Obama’s task force on the auto industry had hired an in-house bankruptcy lawyer to advise it on its options. Reuters had it 12 minutes ahead of Dow Jones. CNBC anchors immediately picked up the Reuters headlines, giving Reuters credit for the story on air. Bloomberg was about half an hour behind Reuters headlines.

Reuters Firsts will need at least flash player 9 to give you the full experience. The latest Flash player can be downloaded here