Stocks in the news: General Motors, Citigroup, Sears

General Motors Corp. (GM) reported fourth quarter financial results. As many feared, the losses were deep. The nation's largest automaker lost $9.6 billion in the fourth quarter and a staggering $30.9 billion loss for the full year. The per share loss was $9.65 excluding items -- far higher than analyst estimates of $7.40 per share according to Thomson Reuters. GM shares are declining over 6% in pre-market trading.

Citigroup (C) may be close to a deal with regulators. According to reports, the government may end up with as much as a 40% stake, the Wall Street Journal reported. The exact details aren't known, but the government could convert its $45 billion in preferred shares into common equity. Shares jumped over 8.7% in pre-market trading.