Shareholders who held on through General Motors Corp.'s recent stock slump — the price plunged from about $80 in the spring to a 2-year low of $57 in late June — were rewarded last week when the automaker announced record earnings of $2.93 per share on profits of $1.75 billion. The second quarter results compare with net income of $1.73 billion and $2.66 per share in like-1999, the previous record for the period. While the tally beat analysts' forecasts, investors didn't rush to GM. The ...

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