In Brief General Motors is laying off nearly 1,000 workers in the U.S. as part of a cost-cutting bid, just three months after cutting 1,000 software jobs.The company told TechCrunch that cuts won’t affect hourly workers at any of its factories, but declined to specify what teams were affected. A significant majority of the layoffs were salaried employees. “In order to win in this competitive market, we need to optimize for speed and excellence. This includes operating with efficiency, ensuring we have the ...

General Motors’ self-driving car unit, Cruise, admitted on Thursday to submitting a false report to influence a federal investigation and will pay a $500,000 criminal fine as part of a deferred prosecution agreement, the justice department said.The department said Cruise failed to disclose key details of an October 2023 crash to the National Highway Traffic Safety Administration (NHTSA) in which one of its robotaxis in San Francisco struck a pedestrian after she was hit by another vehicle and dragged her 20 ...

The GM logo is seen on the facade of the General Motors headquarters in Detroit on March 16, 2021.DETROIT – General Motors laid off roughly 1,000 employees on Friday as the automaker attempts to cut costs and realign priorities amid changing market conditions, according to a person familiar with the decision.The layoffs, which were announced Friday morning to those impacted, were across the business. Some were due to poor performance, while others were part of a review to reorganize priorities by the automa ...

Cruise, the autonomous vehicle unit of General Motors, has admitted to submitting a false report with the goal of influencing a federal investigation into a safety incident last year. In penance, the company will pay a $500,000 criminal fine as part of a deferred prosecution agreement, per the Department of Justice (DOJ). This is one of several state and federal fines Cruise has been hit with after omitting crucial information related to that October incident, during which a Cruise robotaxi ran over a pedes ...

General Mills, Inc. (GIS) is bolstering its pet food strategy with the $1.45 billion acquisition of Whitebridge Pet Brands' North American premium Cat feeding and Pet treating business from NXMH. This strategic move aligns with the company's Accelerate growth strategy, which focuses on expanding its presence in core markets, leveraging global platforms and nurturing local brands to drive sustainable, profitable growth and deliver longterm shareholder value. The acquisition includes two leading brands in the ...

ALUULA Composites Provides General Corporate Update and Announces the Appointment of Dr. Tyler Cuthbert as Chief Scientific OfficerNovember 14, 2024 6:00 PM EST | Source: ALUULA Composites Inc.Victoria, British Columbia--(Newsfile Corp. - November 14, 2024) -  ALUULA Composites Inc. (TSXV: AUUA) ("ALUULA" or the "Company") today provides a general corporate update."We remain committed to our ambitious growth plans, concentrating on areas that will deliver real impact for our business. A crucia ...

If you like to see more ideas, please subscribe to the premium service "Value in Corporate Events" here and try the free trial. In this service we cover major earnings events, M&A, IPOs and other significant corporate events with actionable ideas. Furthermore, we provide coverage of situations and names on request!Just two months ago, I believed that investors in General Mills (NYSE: GIS ) were going without dessert. The company faced sales stagnation, with prices and volume trends hovering flattish after i ...

Well over a year ago now, in early June 2023, one publicly traded bank that I decided to dig into for the first time was Cathay General Bancorp (NASDAQ: CATY ). At the time, I called the companyCrude Value Insights offers you an investing service and community focused on oil and natural gas. We focus on cash flow and the companies that generate it, leading to value and growth prospects with real potential.Subscribers get to use a 50+ stock model account, in-depth cash flow analyses of E&P firms, and live ch ...

Can the company convince investors that its problems are fixable?Less than a year ago, things were good for Dollar General (DG 2.21%) shareholders. The stock traded around $150 per share. But it has now dropped more than 50% from its highs in 2024 and the sell-off has gotten worse since the U.S. presidential election even though stocks are generally soaring.Moreover, it's been a great five-year run for the S&P 500, with the index up close to 100%. But Dollar General stock is down about 50% during this time. ...

Core Viewpoint - Growth investors are increasingly interested in stocks with above-average financial growth, but identifying such stocks can be challenging due to associated risks and volatility. General Motors (GM) is highlighted as a strong growth stock based on its favorable growth metrics and Zacks Rank [1][2]. Group 1: Earnings Growth - General Motors has a historical EPS growth rate of 23%, but the projected EPS growth for this year is expected to be 34%, significantly outperforming the industry average of -2.7% [4]. Group 2: Asset Utilization Ratio - The asset utilization ratio for General Motors is 0.65, indicating that the company generates $0.65 in sales for every dollar in assets, which is notably higher than the industry average of 0.3, showcasing better efficiency [5]. Group 3: Sales Growth - General Motors is projected to achieve a sales growth of 4.8% this year, compared to the industry average of 0%, indicating a strong position in terms of sales growth [6]. Group 4: Earnings Estimate Revisions - There has been a positive trend in earnings estimate revisions for General Motors, with the Zacks Consensus Estimate for the current year increasing by 3.9% over the past month, suggesting favorable near-term stock price movements [7]. Group 5: Overall Assessment - General Motors has earned a Zacks Rank of 2 (Buy) and a Growth Score of B, indicating it is a potential outperformer and a solid choice for growth investors [8].