GM delays share purchases (Investor's Business Daily)

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Investor's Business Daily - The biggest U.S. carmaker's share price has fallen about 26% this year, but it says its board hasn't made a decision to buy back shares, which could boost its stock price. CEO Dan Akerson said the company won't make that decision until the gov't decides its plans for its stake in the company, possibly later this year. GM's U.S. auto sales in May fell short of analysts' expectations, as higher prices and lower incentives by the company and many of its larger rivals led consumers to put off purchases. GM shares rose 0.8% to 28.78.

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