General Motors Company (NYSE:GM) has recalled nearly 7 million vehicles so far this year, almost as many cars and trucks as it recalled in the United States over the last four years combined. General Motors Company (NYSE:GM) shares after opening at $0.55 and now at $34.61. Company price to sales ratio in past twelve months was calculated as 0.35 and price to cash ratio as 1.89. General Motors Company (NYSE:GM) showed a negative weekly performance of -2.05%.
Potash Corp./Saskatchewan (USA) (NYSE:POT)was downgraded to “hold” from “buy” at Cantor ahead of the bell. Potash Corp./Saskatchewan (USA) (NYSE:POT) shares fell -0.19% in current trading session and now at $36.16.POT return on equity ratio is recorded as 17.70% and its return on assets is 9.80%. Potash Corp./Saskatchewan (USA) (NYSE:POT) yearly performance is -5.13%.
Alcoa Inc (NYSE:AA) said on Tuesday it planned to spend $40 million to expand its rolling mill in Itapissuma, Brazil, boosting production of specialty aluminum foils for packaging. The company said the expansion would add about 50 jobs at the facility, and it expected commissioning would start in 2016. Alcoa Inc (NYSE:AA) shares moved up 1.94% during the trading session and currently at $13.12, while trading in range of $12.91 – $13.10. Alcoa Inc (NYSE:AA) year to date (YTD) performance is 21.42%.
Shares of BioFuel Energy Corp. (NASDAQ:BIOF) were up as much as 43% in after hours trading on Friday after David Einhorn’s Greenlight Capital disclosed a 35.5% stake in the company and proposed that the company acquire real-estate developer JBGL for $275M. WHAT’S NOTABLE: In a regulatory filing, it was noted that Greenlight and James R. Brickman, a real estate investor, delivered to the board of Biofuel Energy a preliminary non-binding proposal. Greenlight and Brickman proposed that one or more newly-formed, wholly-owned subsidiaries of Biofuel will acquire all of the equity interests of real estate developer JBGL, which is currently owned and controlled by Greenlight and Brickman for $275M in cash and stock. In the filing, Greenlight Capital also noted that that after the acquisition, the board of directors of the company will consist of David Einhorn, Brickman, and other members to be agreed upon. BioFuel Energy Corp. (NASDAQ:BIOF) weekly performance is 109.77%. On current trading day company shares are at $6.92. BioFuel Energy Corp. (NASDAQ:BIOF) distance from 50-day simple moving average (SMA50) is 176.77%. Analysts mean target price for the company is $0.60.
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