On Monday, Shares of General Motors Company (NYSE:GM), lost -0.70% to $35.46.
Detroit-based General Motors Co. is expanding its partnership with Japanese truckmaker Isuzu Motors by collaborating in the U.S. and marking GM’s return to the medium-duty truck business, according to AP.
Under the deal declared Tuesday, Isuzu will produce models for GM based on the Isuzu N-Series truck. They will be distributed by GM’s Chevrolet dealers in the U.S., starting next year. AP Reports.
GM and Isuzu will also explore the use of GM commercial vehicle components for Isuzu trucks. GM will continue to produce and supply 6-liter V-8 gasoline engines and six-speed transmissions for Isuzu. AP added.
General Motors Company designs, builds, and sells cars, crossovers, trucks, and automobile parts worldwide. It operates through GM North America, GM Europe, GM International Operations, GM South America, and GM Financial segments. The company markets its vehicles primarily under the Buick, Cadillac, Chevrolet, GMC, Opel, Holden, and Vauxhall brand names, in addition to under the Alpheon, Baojun, Jiefang, and Wuling brand names.
Shares of U.S. Bancorp (NYSE:USB), declined -0.85% to $44.40, during its last trading session, as financial stocks ended moderately lower Monday, with the NYSE Financial Sector Index dropping 0.6% and the S&P Financial 100 Index falling 0.4%.
The stock has the beta value of 0.90, and its volatility for the week is 1.28%, while for the month it is 1.26%. The company has the market capitalization of $78.72B. The company holds the book value per share of 22.19, whereas cash per share is 7.94. Price to book ratio remained 2.00, while price to sale ratio is 6.42. Analysts mean recommendation for the stock is said to be 2.80. (where 1=Buy, 5=sale).
U.S. Bancorp, a financial services holding company, provides a range of financial services in the United States. It offers depository services, which comprise checking accounts, savings accounts, and time certificate contracts; and lending services, such as traditional credit products, in addition to credit card services, leasing, financing and import/export trade, asset-backed lending, agricultural finance, and other products.
Finally, Spirit Realty Capital, Inc. (NYSE:SRC), ended its last trade with -0.48% loss, and closed at $10.37.
Spirit Realty Capital, declared that its Board of Directors has declared a quarterly cash dividend of $0.1700 per common share, which represents an annualized rate of $0.6800 per common share. Shareholders of record as of June 30, 2015, will receive the $0.1700 cash dividend on July 15, 2015.
Spirit Realty Capital, Inc is a publicly traded real estate investment trust. The firm primarily acquires across the United States single tenant operationally essential real estate, which refers to generally free-standing, commercial real estate facilities where tenants conduct retail, service or distribution activities that are essential to the generation of their sales and profits.
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