4th Quarter Dealt a Heavy Blow To Pension Plans
Large companies saw three quarters of strong gains for their chronically underfunded plans almost wiped out by the late-year stock market nosedive.
Pricey Pickups Power GM Earnings in Q4
Strong sales of high-margin pickups and small SUVs fueled an earnings beat for GM despite weak demand in China.
GM Raises Guidance, Predicts Strong 2019
The company expects to surpass its 2018 earnings projection and promises higher 2019 earnings.
GM to Idle Plants, Lay Off 8,000 Salaried Staff
The moves are part of GM's effort to position itself for a future of electric and autonomous vehicles.
GM Price Hikes Drive Earnings Beat for Q3
The automaker raised vehicle prices in the U.S. to a record average of more than $36,000, offsetting declining sales volumes across every brand.
Time to Shine: CFOs to Watch 2018
A new crop of CFOs has risen to prominence. Do they have the finance acumen and strategic savvy to tackle the obstacles ahead of them?
GM Names Dhivya Suryadevara as New CFO
Suryadevara's appointment to replace Chuck Stevens puts GM in an elite group of companies that have a woman in both the CEO and CFO roles.
FedEx Makes Largest Pension Annuity Purchase in Years
The $6 billion deal could be a harbinger of more such asset de-risking moves by other defined-benefit plan sponsors.
GM Profit Takes Big Hit From Factory Downtime
The automaker has been retooling factories to prepare for the launch of new full-size pickups.
GM Offers Restructuring Plan for Korea Unit
The automaker would convert around $2.2 billion of GM Korea's debt into equity in exchange for financial support and tax benefits from Seoul.
GM Loses $4.9B in Q4 But Beats Estimates
The automaker's operating results were "very strong, and actually great" in the quarter and for the full year, CFO Chuck Stevens says.