Stocks in the News: GM, Alcoa, Family Dollar Stores

General Motors Corp. (GM), whose restructuring plan was rejected March 30 by President Barack Obama, is speeding up preparations for a bankruptcy filing, according to Bloomberg News.

The company is focusing on forming a new company from the automaker's best assets, people familiar with the matter told the news service, "The efforts to set a new cost-cut goal center on how to go beyond a proposal to slash debt by 46 percent and shed 47,000 jobs in 2009, and will include talks with Treasury officials."