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Shares of GM shoot straight up after the company announces a detailed plan to lowers its pension...

Shares of GM shoot straight up after the company announces a detailed plan to lowers its pension obligations with buyout offers. After sitting down as much as 1% earlier today, shares are now up 3.3% off the news.
Comments (2)
  • Rupert Nicholson
    , contributor
    Comments (340) | Send Message
     
    This great news for General Motors (GM), especially as pension payouts are spiraling out of control. The older companies such as Ford (F) really have issues with this. It is rumored that Ford spends more on these pension payouts than it does on the raw materials used in its cars.
    1 Jun 2012, 01:20 PM Reply Like
  • DeepValueLover
    , contributor
    Comments (8145) | Send Message
     
    Look out above!!

     

    $25 by Independence Day!!
    1 Jun 2012, 02:28 PM Reply Like
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