General Motors tumbled to its lowest price in more than 33 years after Goldman Sachs cut its investment rating on the automaker because of a worsening sales outlook. The stock sank nearly 11%, or $1.38 to $11.43 after Goldman …
Billionaire Investor David Einhorn of Greenlight Capital called for a split in General Motors stock. He wanted to create two investment options, one that provided a steady dividend and another that offers returns on future growth. The idea was it …
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DETROIT – General Motors shareholders have overwhelmingly turned down an activist shareholder’s plan to split the company’s stock into two classes. Only about 9 percent of the stockholders voted for the plan from David Einhorn’s …
(Reuters) - Greenlight Capital's plan to split up General Motors Co's (NYSE:GM - News) stock, as well as its challenge to the company's board of directors, will come to a head on Tuesday, as the U.S. automaker's shareholders cast their …
When Elon Musk, CEO of Tesla Motors (TSLA), unveiled his company's Model 3 electric car, even he must have been relieved to see pre-orders stream in. Orders surpassed 325,000 within a week, even though production won't begin until …
DETROIT (AP) — General Motors shareholders have overwhelmingly turned down an activist shareholder’s plan to split the company’s stock into two classes. Only about 9 percent of the stockholders voted for the plan from David Einhorn’s …
General Motors Co. (GM) has applied and received approval for a voluntary delisting of its common stock from the Toronto Stock Exchange (TSX) in Canada. The delisting from the TSX will not affect the company’s listing on the New York …
DETROIT -- Banks cut automaker ratings, oil climbed to a record high, and stock prices in the auto industry plummeted on Wednesday. General Motors shares closed at $9.98, their lowest close in more than 50 years after a Merrill Lynch …
General Motors shareholders have overwhelmingly turned down an activist shareholder’s plan to split the company’s stock into two classes. Only about 9 percent of stockholders voted for the plan from David Einhorn’s Greenlight Capital hedge …