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General Motors (NYSE:GM) announced Powertrain plants in Ohio and Indiana that make transmissions for Buick and Chevrolet car models with e-Assist fuel saving technology will get the bulk of a $129M investment.Cathy Clegg, GM vice president of labor relations said, "GM continually assesses its product offerings and makes adjustments to meet consumer demand. GM is moving quickly to get more fuel-efficient technologies into our vehicles to benefit the consumer, and these investments are an example of the speed with which we are responding."The money is part of $2B being invested in 17 facilities in eight states over the next 18 months and will generate or retain 4,000 jobs.At the plans in Toledo, Ohio and Bedford, Indiana, it is a second helping of investment since last May, bringing the total investment of the plants to $287M and $81M respectively.General Motors has a potential upside of 41.6% based on a current price of $30.76 and an average consensus analyst price target of $43.55.
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Video Length: 0
Date Found: July 13, 2011
Date Produced: July 12, 2011
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Voxant Newsroom |
July 16, 2011
Activist Investor Carl Icahn disclosed that on July 14, he sent a letter to Donald Knauss, CEO of Clorox (NYSE:CLX) with a proposal to acquire all of the issued and outstanding shares not owned for $76.50 per share net in cash. Icahn also disclosed that his affiliates have obtained a highly ...
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Voxant Newsroom |
July 16, 2011
tonight we get reaction from the firefighters union and the mayor to public safety director darren white’s abrupt retirement today. white was dogged by questions all week about a minor crash his wife was in---and why he drove her to the hospital instead of waiting for an ambulance. eddie garcia ...
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Voxant Newsroom |
July 16, 2011
Good Morning. It’s Friday, July 15, 2011. At this hour, U.S. equity futures are higher. Overseas, the Asian markets mixed, while the European markets are down. News Corp. (NASDAQ:NWSA) announced the appointment of Tom Mockridge as CEO of News International effective immediately following the ...
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Voxant Newsroom |
July 16, 2011
This is what’s in the news for Friday, July 15th. The Wall Street Journal reports that Credit Suisse Group (NYSE:CS) is the target of a U.S. Justice Department investigation into hidden Swiss offshore accounts for wealthy Americans. The Wall Street Journal reports that the Obama Administration ...
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Voxant Newsroom |
July 15, 2011
Busy schedules shouldn’t mean a scarce social life. Teri Gault from thegrocerygame.com gives you tips on how to prep your home to be "magazine-ready" even within the shortest of time frames.
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