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Delaware court upholds dismissal of GM shareholder suit

DOVER, Del.— Delaware's Supreme Court has upheld the dismissal of a lawsuit filed by General Motors shareholders over faulty ignition switches. After hearing arguments this week, the court affirmed a judge's ruling from last summer. The company said last year that the scandal, which prompted hundreds of lawsuits and a federal criminal probe, has cost it more than...
Source: The Associated Press | By: By RANDALL CHASE, AP Business Writer
Zika spurs 38% of businesses to defer worker trips

U.S. multinationals, universities, and non-profits are allowing female employees to defer travel to where the Zika virus has been reported.
Source: Reuters
Auto parts maker American Axle's revenue rises 2 pct

The company's net income rose to $62.9 million, or 81 cents per share, in the fourth quarter ended Dec. 31, from $13.2 million, or 17 cents per share, a year earlier. American Axle, which gets about three-quarters of its revenue from General Motors Co, said non-GM sales rose to $323.5 million from $317.2 million. Total net sales rose to $958.4 million from $939.5 million.
Source: Reuters
GM's Opel to build next generation electric car in 2017

BOCHUM, Germany, Feb 11- General Motors Chief Executive Mary Barra on Thursday said the company's European division Opel would build an affordable five-seater electric car, the Ampera-e, in 2017.. "Like its twin, the Chevrolet Bolt EV, the Ampera-e promises to transform the electric vehicle market in Europe as the first EV that combines long range at an affordable...
Source: Reuters
Hagens Berman: GM Judge Denies Order to Remove Court-Appointed Lead Counsel

NEW YORK---- In an order issued today, Judge Jesse M. Furman, overseeing the General Motors ignition switch multi-district litigation, denied a motion to remove court-appointed lead counsel, including Hagens Berman’ s Steve Berman. “The court’ s opinion and the needs of our clients take precedence over unwarranted, time-wasting motions, and we will continue to focus...
Source: Business Wire
U.S. judge rejects motion to review GM ignition switch deal

Feb 10- A U.S. judge on Wednesday rejected a request to reconsider his approval for a settlement fund to resolve more than a thousand lawsuits over injuries and deaths blamed on an ignition switch defect that prompted General Motors to recall 2.6 million vehicles. The motion filed by Lance Cooper, a Georgia attorney who first publicly exposed the defect, accused...
Source: Reuters
Cramer: Extreme valuations point to a recession

Jim Cramer found two groups of stocks with wild valuations that could both be forecasting the same future.
Source: CNBC.com | By: Abigail Stevenson
GM recalling 473,000 SUVs, pickups in North America for brake pedal problems

Feb 9- General Motors Co said Tuesday it is recalling 473,000 pickups and SUVs in North America because brake pedals could fail due to a faulty nut. The Detroit automaker is calling back 426,573 2015-16 Chevrolet Silverado HD, GMC Sierra HD, and Chevrolet Tahoe police vehicles in the United States and 46,837 in Canada. GM says the brake pedal pivot nut may become...
Source: Reuters
GM recalling 473,000 trucks and SUVs for brake pedal problem

DETROIT— General Motors is recalling more than 473,000 trucks and SUVs in the U.S. and Canada because the brake pedals can come loose and fail to work properly. The recall covers certain 2015 and 2016 Chevrolet Silverado HD, GMC Sierra HD and Chevrolet Tahoe police vehicles. GM says a nut on the brake pedal pivot mechanism can come loose, causing the pedal to loosen...
Source: The Associated Press
What could the government buy with $4.1 trillion?

President Obama presented his final budget to Congress on Tuesday. Here are some suggestions for where all that money could go.
Source: CNBC.com | By: Nicholas Wells