IPO Surge in 2014; GM Recalls 778,000 Cars

The  three main U.S. stock indices ended up today despite the fact that retail sales in January dropped 0.4%. After months of deliberation Time Warner Cable (TWC) and Comcast (CMCSA) have finally come to an agreement. The companies confirmed today that they are entering a $45.2 billion deal to combine the nation's two largest cable companies into one. After at least six people have died in auto accidents involving a faulty ignition switch, General Motors (GM) has recalled approximately 778,000 cars.
This year so far there has been a surge in IPO's that is rivaling the dot-com boom of 2000. So far 31 companies have sold their shares to the public for the first time, up 72% from 2013.

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Published on Feb 13, 2014
By InvestorGuide Staff

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