UPDATE 1-Kerkorian ups GM stake to 9.9 percent; shares rise

Newswire

(Adds after-hours share price, quote from Jerome York, background) CHICAGO, Jan 25 (Reuters) - Billionaire investor Kirk Kerkorian has increased his stake in General Motors Corp. to 9.9 percent from 7.8 percent, according to a regulatory filing on Wednesday. News of the move helped send GM's shares higher in after-hours electronic trading. Kerkorian's Tracinda Corp., over which he has effective control, acquired 5 million shares on the open market on Jan. 23 at an average price of ...

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