Stocks in the News: General Motors, IBM, Southwest Airlines

General Motors Corp. (GM) Chief Executive Fritz Henderson, who recently replaced the ousted Rick Wagoner, said on NBC's "Meet The Press" that he did not think that it was inevitable that North America's largest automaker would go bankrupt.

In a separate appearance on CNN's "State of the Union," Henderson said the company would cut more jobs and shutter more plants as it works to meet the White House's 60-day deadline to present a plan to prove its viability. U.S. auto sales have fallen for the past 17 months.