GM Higher amid Delphi, UAW Settlement Talk

Johnson & Johnson sets a $5 billion stock buyback; TiVo posts lower fourth quarter losses; plus more stocks in the news Thursday

General Motors (GM) shares moved higher Thursday. S&P ties the rise to and unconfirmed Wall Strett Journal report suggesting GM, bankrupt parts supplier Delphi, and the UAW re close to reaching an agreement to settle their differences. S&P reiterates its sell recommendation on GM.

To continue reading this article you must be a Bloomberg Professional Service Subscriber.