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Did GM Just Kill the Best Reason to Own the Stock?
The Motley Fool· 2025-04-30 18:11
General Motors (GM -4.07%) just sounded a warning for the entire stock market.The auto manufacturing giant released its first-quarter earnings on Tuesday morning, but said that it would delay its earnings call until Thursday, apparently waiting for some clarity on tariffs. More importantly, it said that its guidance was no longer applicable due to tariffs and that it was suspending share buybacks.GM's stock fell modestly on Tuesday, trading down between 1% and 2% for most of the session, even though its fir ...
Will Lower General Insurance Profit Affect AIG's Q1 Earnings?
ZACKS· 2025-04-30 15:11
Insurance provider American International Group, Inc. (AIG) is set to report its first-quarter 2025 results on May 1, 2025, after the closing bell. The Zacks Consensus Estimate for the to-be-reported quarter’s earnings is currently pegged at $1.05 per share on revenues of $6.79 billion. (See the Zacks Earnings Calendar to stay ahead of market-making news.)The first-quarter earnings estimate declined by 6 cents over the past 60 days. The bottom-line projection indicates a year-over-year decline of 40.7%. Als ...
Dollar General is one of the best stock performers of Trump's first 100 days
CNBC· 2025-04-30 14:39
Since Trump's Jan. 20 inauguration, shares of the discount retailer have soared more than 36% as of Tuesday's close, the third-largest percentage-point rise in the S&P 500 behind software company Palantir and tobacco giant Philip Morris International . It's far outperformed the consumer staples sector as a whole, which is up 6% since the inauguration as of end of trading Tuesday, and climbed higher than competitors like Dollar Tree and Walmart .Dollar General is among the best-performing stocks in the first ...
HL Mando Recognized as 2024 Supplier of the Year by General Motors
Prnewswire· 2025-04-30 12:00
SEOUL, South Korea and LAS VEGAS, April 30, 2025 /PRNewswire/ -- On April 8, 2025, General Motors presented HL Mando with a 2024 Supplier of the Year Award at GM's 33rd annual Supplier of the Year event in Phoenix, Arizona. (From the left) Min-Chul Lee (Head of Production Engineering team, HL Mando America Jeff Pontius (Director of Brake R&D, HL Mando America), Alison Ellis (Director of Sales, HL Mando America) Jason (Jae-hyuk) Kim (Head of Americas Region, HL Mando), Jeff Morrison (Global Chief Procure ...
Combined General Shareholders' Meeting of May 22, 2025: availability of preliminary documents
GlobeNewswire News Room· 2025-04-30 07:00
Core Points - Dassault Systèmes will hold its Combined Shareholders' Meeting on May 22, 2025, at 3:00 pm at its headquarters in Vélizy-Villacoublay [2] - The preliminary notification with the agenda and draft resolutions was published on April 14, 2025, and is available on the company's website [3] - Additional documents and information related to the meeting are accessible to shareholders on the company's website and at its headquarters [4] - Shareholders are encouraged to review the 2024 Universal Registration Document, filed on March 18, 2025, which contains significant information as per the French Commercial Code [5] Company Overview - Dassault Systèmes has been a pioneer in creating virtual worlds since 1981, aiming to enhance real-life experiences for consumers, patients, and citizens [6] - The company offers the 3DEXPERIENCE platform, which serves 370,000 customers across various industries, facilitating collaboration and sustainable innovation [6]
Hammond Manufacturing Company Limited Announces Voting Results Of Annual General Meeting
Thenewswire· 2025-04-29 21:05
   Guelph, Ontario – April 29, 2025 - TheNewswire Hammond Manufacturing Company Limited (TSX:HMM.A) today announced in accordance with Toronto Exchange requirements, the voting results from its Annual General Meeting held April 29, 2025 in Guelph, Ontario. Shareholders voted in favour of all items of business put forth at the meeting, including the appointment of KPMG LLP as its outside auditors and the election of all director nominees as set out below. Election of DirectorsThe following seven nominees we ...
General Motors recalls 877K full-size trucks, SUVs over faulty engine as stock sinks
New York Post· 2025-04-29 16:29
Core Viewpoint - General Motors (GM) has announced a significant recall of approximately 877,000 full-size trucks and SUVs due to potential internal defects in the 6.2-liter V-8 engine, which could lead to serious engine damage or failure [1][4][6]. Group 1: Recall Details - The recall affects a range of high-demand models from the 2021 through 2024 model years, including the Cadillac Escalade, Chevrolet Silverado 1500, Suburban, Tahoe, and GMC Sierra 1500, Yukon, and Yukon XL [5][6][12]. - The issue is attributed to internal manufacturing defects involving key engine components such as the crankshaft and connecting rods, which may have been damaged during production [6][8]. - GM has mandated inspections for all recalled vehicles, with engines passing inspection receiving an oil filter and oil cap replacement, along with a switch to higher-viscosity 0W-40 motor oil [8][9]. Group 2: Financial Impact - GM's stock fell by nearly 2% following the recall announcement and the company's decision to pull its earnings guidance for 2025, alongside freezing $4 billion in share buybacks due to uncertainties related to tariffs [1][5]. - In the most recent quarter, GM reported an EBITDA of $3.49 billion, surpassing analyst estimates of $3.45 billion but lower than the $3.87 billion reported in the same period the previous year [4]. Group 3: Regulatory and Customer Communication - The recall follows an investigation by the National Highway Traffic Safety Administration (NHTSA), which received at least 39 complaints related to engine failures in GM vehicles with the 6.2-liter V-8 engine [12][13]. - GM will notify owners of the recalled vehicles in the coming weeks with instructions on how to proceed [14].
Bulletin from the Annual General Meeting of Husqvarna AB (publ)
Prnewswire· 2025-04-29 16:06
Core Points - The Annual General Meeting (AGM) of Husqvarna AB was held on April 29, 2025, where shareholders could attend physically or via advance voting [1] - The profit and loss statements and balance sheets were adopted, with a dividend of SEK 1.00 per share approved, to be paid in two installments [1] - The Board of Directors' proposal for the composition of the Board was approved, with nine members elected, including new members Claes Boustedt, Marlies Gebetsberger, and Magnus Jarlegren [2] - The total remuneration for the Board was set at SEK 8,490,000, with specific amounts allocated to the Chair and other members [3] - KPMG was elected as the auditor for the period until the next AGM, with fees based on approved invoices [4] - The AGM approved the renewal of remuneration guidelines for Group Management and the Remuneration Report [5] - A performance-based long-term incentive program for 2025 was approved, along with authorization for equity swap arrangements to hedge obligations [6] - The Board was authorized to issue up to approximately 57.6 million new B-shares for acquisitions, with pricing based on market value [7] Company Overview - Husqvarna Group is a global leader in innovative solutions for managing forests, parks, and gardens, as well as cutting equipment and diamond tools for construction and stone industries [9] - The company reported net sales of SEK 48.4 billion in 2024 and employs approximately 12,300 people in 40 countries [9]
Bulletin from the Annual General Meeting of Alfa Laval AB (publ)
Prnewswire· 2025-04-29 15:56
Core Points - The Annual General Meeting of Alfa Laval AB was held on April 29, 2025, where the Chairman and CEO presented the company's performance and strategic direction for the future [1][2] Financial Performance - The year 2024 was marked by record high invoicing and order intake, driven by strong demand for sustainable solutions across all divisions [2] - The income statement and balance sheet for 2024 were approved by the Annual General Meeting [3] Dividend Declaration - A dividend of SEK 8.50 per share was resolved, with a record date of May 2, 2025, and payment expected on May 7, 2025 [4] Board of Directors - The number of Board members was set to ten, with Dennis Jönsson re-appointed as Chairman [5][6] - Annica Bresky was elected as a new member of the Board, with all members elected for the term until the end of the 2026 Annual General Meeting [6] Auditors - The Annual General Meeting re-elected Andreas Troberg and Hanna Fehland as auditors, with Henrik Jonzén and Andreas Mast as deputy auditors for the upcoming year [7] Compensation - Compensation for the Board was set at SEK 2,190,000 for the Chairman and SEK 730,000 for other non-employee members, along with specific amounts for Audit and Remuneration Committee members [8]
General Motors pulls full-year outlook, delays first quarter earnings call
Proactiveinvestors NA· 2025-04-29 15:51
About this content About Emily Jarvie Emily began her career as a political journalist for Australian Community Media in Hobart, Tasmania. After she relocated to Toronto, Canada, she reported on business, legal, and scientific developments in the emerging psychedelics sector before joining Proactive in 2022. She brings a strong journalism background with her work featured in newspapers, magazines, and digital publications across Australia, Europe, and North America, including The Examiner, The Advocate, ...