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Sonic swings to Q1 loss on refinancing costs, weak sales

Sonic swung to a first-quarter loss of $541,000 from a year-earlier net profit of $14.6 million as the dealership group took a hit from refinancing its debt. Weak retail sales didn't help.

Trump tax plan likely won't include border-adjusted tax

The Trump administration will propose a corporate tax rate reduction to 15 percent, but the White House likely won't support the controversial border-adjusted tax to replace lost revenue.

GM investors will 'vote with their wallets,' says Greenlight Capital

Greenlight Capital, which has been pressuring General Motors to restructure its share class, said it believed the automaker's shareholders will vote in their best financial interests and support the hedge fund's two-class stock proposal and nominees for the board.