Independent, Fee-Only Financial Advisor

Independent, Fee-Only Financial Advisor

Tuesday, February 07, 2006

GM's Plan

Thousands gathered today to mourn Mrs. Coretta Scott King. Several Presidents attended the service today in Georgia, which was led by Bishop Eddie Long, leader of New Birth Missionary Baptist Church in Lithonia. Mrs. King died January 30th, at the age of 78. GM is finally on the road to recovery. It announced its plan to halve its dividend, cut executives' pay, and reduce health and pension costs, although CEO Wagoner still couldn't predict when the car giant would return to profitability. Its competitor, Toyota, however is doing remarkably well, announcing strong sales in North America. Despite a $2 drop in oil prices and another surge by Disney, the Dow was down today. But thanks to some blue skies and high hopes for GM, my chin is still up! DJIA: -48.51 Nasdaq: -13.84 S&P 500: -10.24