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 …
David Einhorn, the activist investor who has proposed that General Motors create two classes of stock, has accused the company of misleading credit-rating agencies about the plan. Einhorn told Business Insider that rating agencies were …
Make in U.S.A.or pay big border tax! — Donald J. Trump (@realDonaldTrump) January 3, 2017 GM’s stock dropped by about 1 percent, roughly a quarter billion dollars in value, after his tweet. ADVERTISEMENT The automaker revealed …
NEW YORK (CNNMoney) -- General Motors ... price performance, asking that GM restore its dividend or announce a share repurchase with the cash it has on hand. Shareholder Conrad Trendowski asked what Akerson was being told by Wall …
Q: Now that General Motors has filed bankruptcy and has emerged from bankruptcy proceedings as the "new" GM, is the "old" GM common stock worthless? If so, can I take a capital gains loss for this for 2009 tax year? A: The old GM isn't …
BOSTON – Ray in Livonia, Mich., is torn between optimism and frustration. The long-time General Motors shareholder had just learned that his favorite company suffered a crushing fourth-quarter loss, it's fifth consecutive quarter in the red. …
General Motors released third-quarter earnings before opening bell Thursday. Its report sent GM stock up more than 3% in pre-market trading, and the gain has continued this morning. The company matched analyst estimates with earnings …
Investing legend Warren Buffett's faith in General Motors has not been shaken. Buffett's holding company Berkshire Hathaway (BRKA) bought nearly 3 million shares of GM (GM) during the second quarter, according to a regulatory filing …
The market has not been kind to General Motors. Its stock is down about 15% in 2014 as the automaker has contended with seven million recalls and questions from victims' families and government officials about why it took 10 years to …
The stock rose slightly on the news. There are some compelling reasons why GM may look more attractive than Ford. The stock is cheaper. GM is trading at less than 8 times 2015 earnings forecasts compared to Ford's price-to-earnings-ratio …