Lakeway, TX -- (SBWIRE) -- 02/26/2013 -- Bestdamnpennystocks, an investment community with a special focus on updating investors with recent news on the U.S. stock market, issues news alert on the following stocks:-
Banco Santander, S.A. (ADR) (NYSE:SAN) stock jumped 1.50% to $7.42. Reuters, on Feb. 13, reported that Banco Santander SA's British arm is under investigation for possible investment advice failures and could face a fine or license changes that prevent it from offering such services in future, four industry sources said. The FSA declined to name the lender and Santander UK declined to comment on whether it was being investigated. The financial regulator said the probe, which followed spot checks during a review of the quality of advice available at six banks and building societies, would only have been ordered if the Company in question had a history of poor advice.
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General Motors Company (NYSE:GM) shares declined 0.34% to $26.24 in the morning hour. The company yesterday appointed Tim Mahoney to head the global marketing operations of the company and serve as global chief marketing officer for Chevrolet starting April 1. Prior to his appointment, Mahoney serves as former executive vice president and chief product & marketing officer of Volkswagen America. He also held marketing positions at Porche Car North America and Subaru of America.
Additionally, the company denied that it is seeking increased compensation for Chief Executive Officer Dan Akerson a day after reports that the company proposed an $11.1 million package. GM is planning $82 million in compensation for its top 25 executives.
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General Electric Company (NYSE:GE) stock gained 0.75% to $22.98. GE Intelligent Platforms today announced that the company's video processing technology had been deployed on board NASA's Global Hawk as part of the agency's Hurricane Severe Storm Sentinel (HS3) Mission.
Additionally, the company’s Chief Executive Jeff Immelt last week said it expects its revenue in India to grow by 15% to 20% each year despite the current economic slowdown. He added that GE will continue to invest in India because the company -- which began operations here in 1902 by installing a hydropower plant -- is in the country for the long-haul.
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