New User:

Forgot your password?

Stock Market & Financial Investment News

News Breaks
March 5, 2014
11:12 EDTGMGeneral Motors advances after 20% sales gain in China
Shares of General Motors (GM) are climbing after the automaker reported that its sales in China had jumped 20% last month and two research firms issued optimistic notes about the company. WHAT'S NEW: GM said last night that sales of its automobiles in China had jumped 20% last month, versus the same period a year earlier. The gain was aided by a 32% increase in sales of the company's Wuling microvans. Meanwhile, Cadillac sales jumped 91% in the Asian country to a record 4,378 units, the company added. China is GM's single largest market. WHAT'S NOTABLE: In separate notes to investors earlier today, Goldman Sachs and RBC Capital were upbeat on GM's outlook. GM's main growth drivers continue to boost the company, wrote Goldman analyst Patrick Archambault after attending a dinner with the company's CFO. The automaker has opportunities to improve its showing in the North American truck market, while its Opel European unit is performing better than expected and China is "a steady contributor," he stated. The company's guidance is relatively conservative, added Archambault, who recommends buying the stock. Meanwhile, RBC Capital analyst Joseph Spak, who also viewed the presentation by the CFO, reported that the company believes that its two largest markets, China and the U.S., are improving. The company's free cash flow should rise significantly in coming years, predicted Spak, who kept a $48 price target and Outperform rating on the stock. PRICE ACTION: In late morning trading, GM climbed 99c, or 2.7%, to $37.92.
News For GM From The Last 14 Days
Sign up for a free trial to see the rest of the stories you've been missing.
November 23, 2015
06:24 EDTGMGM uses KBB to offer targeted incentives, Automotive News reports
General Motors has turned to Kelley Blue Book's website to offer targeted incentives to customers, Automotive News reports. Reference Link
November 22, 2015
18:46 EDTGMUAW union ratifies General Motors agreement
The United Auto Workers announced that its international executive board has formally ratified the national labor agreement with General Motors. The union explained that, after its proposed agreement with GM was blocked by the union's skilled trades members, it held meetings with those members and subsequently presented their concerns to both union leadership and GM itself. Following those discussions, the parties agreed to changes that "protect core trades classifications and seniority rights," according to UAW. Reference Link
November 19, 2015
07:55 EDTGMGM's Reuss: Company 'deeply committed' to EVs, FT says
Subscribe for More Information
November 18, 2015
09:32 EDTGMThe House Oversight & Government Reform Committee to hold a hearing
Subscribe for More Information
07:57 EDTGMBarclays to hold a conference
Subscribe for More Information
November 16, 2015
09:59 EDTGMOmega bought Valeant in Q3, sold some SuneEdison
Leon Cooperman's Omega Advisors gave a quarterly update on its stakes in a filing this morning, disclosing its positions as of September 30. NEW STAKES: Pfizer (PFE), Valeant (VRX) Walgreens Boots Alliance (WBA), TerraForm Global (GLBL), Cigna (CI). INCREASED STAKES: Google Class A (GOOGL), Facebook (FB), Delta Air Lines (DAL). DECREASED STAKES: SunEdison (SUNE), Shire (SHPG), Citi (C), KAR Auction (KAR), LyondellBasell (LYB). LIQUIDATED STAKES: McKesson (MCK), 21st Century Fox (FOXA), General Motors (GM), QEP Resources (QEP), eBay (EBAY).
07:36 EDTGMBerkshire Hathaway discloses new AT&T stake in quarterly update
Berkshire Hathaway gave a quarterly update on its stakes in a filing this morning. NEW STAKES: AT&T (T), Kraft Heinz (KHC), Liberty Lilac Group (LILA). INCREASED STAKES: Phillips 66 (PSX), Charter (CHTR), Liberty Media (LMCK), Suncor (SU), General Motors (GM). DECREASED STAKES: Goldman Sachs (GS), Wal-Mart (WMT), Deere (DE), Chicago Bridge & Iron (CBI), WABCO (WBC). LIQUIDATED STAKES: Viacom (VIAB).
November 15, 2015
17:25 EDTGMUAW union in talks with General Motors regarding proposed agreement
Subscribe for More Information
November 13, 2015
16:40 EDTGMAppaloosa gives quarterly update on stakes
Subscribe for More Information
12:34 EDTGMCaterpillar, General Motors, Altria Group are market beaters, Barron's says
Subscribe for More Information
November 12, 2015
12:41 EDTGMGM preparing to sell Chinese-made Buick in the U.S., WSJ reports
Subscribe for More Information
06:43 EDTGMGM to build fuel cell vehicle for U.S. Army, Automotive News says
Subscribe for More Information
November 11, 2015
06:24 EDTGMNissan testing driverless cars in Japan, Business Insider reports
Subscribe for More Information
November 10, 2015
09:11 EDTGMCARB chair says VW the only automaker found cheating, Reuters reports
Subscribe for More Information

Sign up for a free trial to see the rest of the stories you've been missing.
I agree to the disclaimer & terms of use