DETROIT • General Motors shareholders have overwhelmingly turned down an activist shareholder's plan to split the company's stock into two classes. Only about 9 percent of the stockholders voted for the plan from David Einhorn's …
General Motors Co.'s stock GM, +1.27% jumped 5% in premarket trade Wednesday, after the auto maker raised its 2016 profit outlook and its quarterly dividend by 6%, and increased its stock repurchase program by $4 billion. GM now …
David Einhorn is accusing General Motors of twisting the facts as he tries to shake up the company’s board. The billionaire’s hedge fund Greenlight Capital said on Wednesday it has nominated three independent candidates to the …
An accord revealed Friday requires General Motors to pay an additional $1 billion in stock to settle hundreds of personal-injury and wrongful-death claims as well as a class-action suit related to alleged defects in millions of cars. GM was …
Dear Mr. Berko: I recently subscribed to the Value Line Investment Survey. One of its analysts, Ian Gendler, is recommending buying stock in General Motors, the largest automaker in the world. Gendler says that GM has "strong …
When General Motors filed for Chapter 11 bankruptcy in 2009, it was carrying $172 billion in debt and a pension shortfall of nearly $50 billion. It represented one of the four greatest shareholder wipeouts in the history of Western Civilization, …
However, one Wall Street pundit, Adam Jonas of Morgan Stanley, is particularly bullish about GM. Jonas resumed coverage of GM stock with a resounding Overweight rating and a $50 price target for a bull scenario, which Jonas says …
General Motors Co. (GM), a company that was and might still be considered “too big to fail,” is still beholden to U.S. taxpayers and under the auspices of the Troubled Asset Relief Program (TARP), a Treasury program that was …
General Motors was off to a relatively strong day in the market today. After starting the day off in the green, the stock went on a slow and steady crawl toward the top. However, that slow and steady crawl turned into a mad dash minutes …
DETROIT – General Motors has rejected a proposal from investor David Einhorn to split its stock into two classes. The plan from Einhorn’s Greenlight Capital hedge fund would create one dividend-paying stock and one “capital allocation” …