DETROIT (AP) — Shares of General Motors are rising Tuesday as a proxy fight escalates between the company and an activist shareholder who wants to split its shares into two classes. David Einhorn's Greenlight Capital said Tuesday that …
For investors, Detroit auto giant General Motors (NYSE: GM) has been a mixed bag since its post-bankruptcy return to the public markets in late 2010. On the one hand, GM's profits and margins have been rising, and the company pays a …
DETROIT, Michigan – General Motors’ shareholders rejected Greenlight Capital’s proposal to split the company’s stock into two classes, with 91 percent rejecting maverick hedge fund investor David Einhorn’s attempt to separate automotive ...
A large shareholder of General Motors Co. stock said Tuesday it has a plan it believes would “unlock substantial value” for GM shareholders by moving the Detroit automaker’s common stock into two classes: one that would receive dividends …
General motors stock is tumbling today. It’s down more than 3 percent so far. That’s after news that GM stocks plunged 18 percent in May. The company blames a drop in sales on low gas prices, among other things.
Last Tuesday, General Motors (NYSE: GM) posted another strong quarterly profit. While GM's profit fell significantly on a year-over-year basis -- even excluding charges related to the sale of its European operations -- the company still posted …