Atlantic American Extends Reporting Deadlines Under Truist Credit Facility; Sets A- Rating Covenant

General Motors (GM) announced a $20 billion share repurchase program during its Q3 earnings. CEO Mary Barra stated the move reflects the board's commitment to return cash to shareholders, citing undervaluation. Analyst Dan Ives supports the strategy, noting the stock's low valuation. GM's stock trades around $77 per share.

Abbott Laboratories (ABT) plans to spin off its Nutrition division, which generates $8.5B in annual sales, to focus on higher-growth segments like medical devices and diagnostics. The company offers a 2.69% dividend yield with a 80% payout ratio and a GF Value of $135.69, suggesting modest undervaluation. ABT's GF Score is 82/100, reflecting strong financial health. Insiders have sold more shares than bought in the past year, while 23 gurus hold positions, with mixed recent activity.

Abbott (ABT) reported Q3 2026 earnings, announcing plans to spin off its nutrition business into a separate, publicly traded company. The move follows a strategic review, aiming to enhance value and focus for both entities. Abbott's Q3 sales grew 7%, with diagnostics up 6.5% and nutrition up 5%. The new nutrition company will have $8.5B in annual sales and is expected to join the S&P 500. Daniel Salvadori will lead the new company, with Abbott retaining a diversified healthcare portfolio.

Getty Images filed for Chapter 11 bankruptcy to restructure $1B-$10B in debt. The company will be acquired by the Getty family and Koch Equity Development, who will provide $533M in new financing. The move follows the collapse of a $3.7B Shutterstock deal and aims to address financial obligations and AI-driven competition.

Consumer Portfolio Services, Inc. closed a $767.85M auto loan ABS deal with a 6.68% weighted average coupon. The senior class received AAA ratings from at least two agencies, according to the company. This transaction demonstrates the firm's continued access to the ABS market.

Ken Griffin, Vornado Realty Trust, and Rudin secured a $3.3 billion construction loan from Wells Fargo and JPMorgan for a 66-story Park Avenue office tower. Citadel leased over 1 million square feet, with 850,000 square feet remaining. Griffin holds 60%, Vornado 36%, and Rudin 4% of the project, which faced uncertainty due to a tax proposal clash with Mayor Mamdani.