Einhorn GM plan poses conflict challenge for board Einhorn GM plan poses conflict challenge for board:- Hedge fund manager David Einhorn's unusual plan to divide General Motors Co's (GM.N) shares into two classes poses a potential corporate governance minefield for GM board members. The shareholder proposal, quickly rejected by the […]
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Business
Trump helps make cross-border M&A great again Trump helps make cross-border M&A great again:- Cross-border M&A had its strongest start since 2007, driving first-quarter global volumes up 7 percent, as optimism over U.S. President Donald Trump's economic agenda buoyed the stock market and the dollar, making foreign acquisitions cheaper than […]
Volkswagen settles 10 U.S. state diesel claims for $157 million Volkswagen settles 10 U.S. state diesel claims for $157 million:- Volkswagen AG said on Thursday it has agreed to pay $157.45 million to settle environmental claims from 10 U.S. states over its excess diesel emissions, as the world's largest automaker […]
Sour Lululemon results may signal squeeze for athletic leisure lines Sour Lululemon results may signal squeeze for athletic leisure lines:- The steep drop in Lululemon Athletica's (LULU.O) stock price, following a sales warning that resulted from poor color choices in the company's spring collection, turns the spotlight on slowing growth […]
Wells Fargo must face litigation on defective mortgages Wells Fargo must face litigation on defective mortgages:- A federal judge on Thursday said Wells Fargo & Co (WFC.N) must face litigation seeking to hold it responsible for billions of dollars of claimed investor losses stemming from its alleged failures as a […]
U.S. economic growth revised higher, boosted by consumer spending U.S. economic growth revised higher, boosted by consumer spending:- U.S. economic growth slowed less than previously reported in the fourth quarter as robust consumer spending provided a boost that was partially offset by the largest gain in imports in two years. […]
Asia stocks mixed after strong Wall Street, dollar gains on U.S. data Asian shares were mixed and the dollar extended its overnight gains on Friday on signs of strong U.S. economic growth, while the euro inched up after sliding overnight on data suggesting slowing growth in Europe. MSCI's broadest index […]
Volkswagen says U.S. approves sale of modified diesel vehicles Volkswagen says U.S. approves sale of modified diesel vehicles:- Volkswagen AG (VOWG_p.DE) said the U.S. Environmental Protection Agency has approved its request to sell up to 67,000 diesel vehicles from the 2015 model year, including about 12,000 currently in dealer inventory […]
Corporate America top shareholder referee gets tougher on activists Corporate America top shareholder referee gets tougher on activists:- Institutional Shareholder Services Inc, the world's top proxy advisory firm, is making activist investors work harder than ever to earn its backing in corporate control battles in a shift being led by the new man […]
Saudi Aramco formally appoints banks to advise on share sale Saudi Aramco formally appoints banks to advise on share sale:- Saudi Aramco has formally appointed JPMorgan Chase & Co, Morgan Stanley and HSBC as international financial advisers for its initial public offering, sources familiar with the matter told Reuters. The […]
