Stocks Opened Lower, GM in Focus

U.S. stocks retreated at the open on Tuesday, as investors were hesitant to make big bets amid
uncertainty over the Federal Reserve’s stimulus. The Dow Jones Industrial Average lately fell
35.22 points, or 0.22%, to 15,990.31. The S&P 500 was down 3.78 points, or 0.21%, to 1,804.59. The
Nasdaq Composite dipped 4.19 points, or 0.10%, to 4,064.56.

News of the government’s sale of all remaining shares of General Motors followed the release
earlier today of a report from a respected industry researcher that the federal bailout and
bankruptcy restructuring of GM saved 1.2 million jobs and preserved $34.9 billion in tax revenue.

General Motors Co. plans to name Mary Barra to succeed Dan Akerson as chief executive officer,
making her the first female CEO in the global automotive industry.

the Galaxy Note 3 is Samsung’s fastest-selling Note device of all time. The biggest Note phablet
Samsung has released to date is also apparently the best, as Samsung on Tuesday announced that
channel sales of the Note 3 have rocketed to 10 million units in just two months.

ING U.S. Inc. will begin selling fixed annuities through Allstate Corp. agencies as the largest
publicly traded U.S. auto and home insurer ceases to offer its own brand of the retirement
products.

Toll Brothers Inc.’s fiscal fourth-quarter income fell 77% as the home builder posted fewer tax-
related adjustments, though home deliveries and revenue improved. For the quarter ended Oct. 31,
Toll reported a profit of $94.9 million, or 54 cents a share, down from $411.4 million, or $2.35 a
share, in the year-earlier period.