3 Consumer Stock Stories To Follow On Tuesday

General Motors Company (NYSE:GM): Closing price $31.55

On Tuesday, GM and Nissan reached an agreement for Nissan to produce a small cargo vehicle that GM will sell in the United States and Canada. Further, GM will procure the vehicle from Nissan and distribute it by means of the Chevrolet dealer network; the automaker expects that Chevrolet City Express, based on the Nissan NV200, to be available for sale in the fall of next year.  United States Vice President, GM Fleet and Commercial Sales Ed Peper said that “Our fleet customers have asked us for an entry in the commercial small van segment, so this addition to the Chevrolet portfolio will strengthen our position with fleets and our commercial customers.”

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GM

Safeway (NYSE: SWY): Closing price $25.45

The company has announced that its board on Tuesday approved an increase to its regular quarterly cash dividend from 17.5 cents per share to 20 cents, marking a 14-percent increase. The board also declared a cash dividend of  20 cents per share payable on July 11th to stockholders of record at the close on June 20th.

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SWY

MGM Resorts International (NYSE:MGM): Closing price $15.86

China State Construction Engineering Corporation and MGM announced Tuesday that they have reached a strategic cooperation agreement for world development projects. The agreement was executed in Beijing by China State Construction’s Chairman Yi Jun and Chairman and Chief Executive of MGM Resorts International James J. Murren. The strategic cooperation follows an announcement on Monday by MGM China Holdings Limited that it had entered into a letter of intent to construct the MGM Cotai deploy with subsidiaries of China State Construction. Beyond that, China State Construction will serve as the only general contractor for the project, which should be finished in the first half of 2016.

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MGM

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