Business briefs

Ex-, current GM execs got $1.3 million in stock

DETROIT – General Motors Co. handed out stock shares worth more than $1.3 million to its current and former chief executives in the third quarter under terms of their pay packages.

• Cashing in: The automaker said Monday that former CEO Ed Whitacre got more than 16,300 shares worth over $883,000 on Sept. 30. Current CEO Daniel Akerson received nearly 8,200 shares worth over $441,000. Akerson will get a $9 million pay package, including $1.7 million per year in pay, $5.3 million in short-term stock payable over three years, and $2 million in long-term stock. Whitacre will receive $6.4 million in stock and salary for his eight months as CEO.

• Government ownership: GM is 61 percent owned by the U.S. government, holding shares that were granted in exchange for about $50 billion in bailout money. The company has repaid $6.7 billion, and the government hopes to get the remaining $43 billion back by selling GM stock to the public.

• Stock offering: An initial public offering could come in November.

• Others cash in too: Thirteen other executives also received stock in third-quarter installments of their pay packages.

3-D television viewing without goofy glasses

Toshiba Corp. has unveiled the world’s first high-definition liquid crystal display 3-D television that does not require special glasses.

• How it works: Toshiba uses a “perpendicular lenticular sheet,” which consists of an array of small lenses that directs light from the display to nine points in front of the TV. If a viewer is sitting within the optimal viewing zone, the brain integrates these points into a single 3-D image.

• Selling soon: Toshiba will offer two sizes – 12 inches and 20 inches – in Japan for 120,000 yen ($1,400) and 240,000 yen ($2,800) in late December.

Google on TV

Google television has landed TBS, TNT, CNN and HBO to provide special features for a Google technology that weds Web surfing with television viewing. Amazon.com Inc. and Netflix Inc. also are providing some of their most popular services.

• Conspicuously missing: ABC, NBC, CBS and Fox haven’t embraced Google TV yet.

• The stakes: By making it easier to get Internet content on flat-panel TVs, Google hopes to extend its dominance of online advertising into a new medium. Google TV is expected to go on sale later this month in Best Buy’s U.S. stores.

Big order for Boeing

Boeing Co. said Monday that leasing company Air Lease Corp. has confirmed an order for up to 60 new 737-8 jets.

• Details: In addition to 54 firm orders valued at over $4 billion according to list prices, the deal includes six additional airplanes to be reconfirmed later. The order is for deliveries through 2017. Air Lease leases jets to airlines.