Stocks in the news: General Motors, Google, Adobe Systems


General Motors (GM) revealed its auditors have raised "substantial doubt" about its viability. While perhaps not surprising as GM hasn't been doing all that great before the recession, and is now trying to survive the worst auto sales climate in 27 years with government loans. Recurring losses from operations are not healthy in the best of times, and being unable to generate enough cash can casts doubts about its ability to continue as a going concern. CEO Wagoner's compensation was cut to $5.4 million last year from $14.1 million in 2007. GM shares are declining over 14% in pre-market trade.

Google (GOOG) now plans to let its $8.6 billion in cash "pile up" as it weathers an economic recession. While, according to Google's CEO, who also said the recession will eventually affect Google too, the search giant doesn't expect to see a fall in revenue, and the cash is deemed a conservative investment and will not be used to pay dividends.