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Insight - GM faces investor demand for slice of $25 billion cash hoard

2015-02-13 02:02:17| Automakers - Topix.net

An investor group demand that General Motors Co give back more of its $25 billion cash hoard confronts Chief Executive Mary Barra with a challenge to her plans for building the company and rewarding shareholders. Barra and GM's chief financial officer Chuck Stevens have signalled they will recommend returning more of the cash once the Detroit automaker knows how much it will have to spend to resolve legal issues related to the company's recalls of millions of cars equipped with defective ignition switches.

Tags: cash demand investor insight

 

Investor Alert: Levi & Korsinsky, LLP Notifies Shareholders...

2015-02-11 02:14:08| Paper - Topix.net

Levi & Korsinsky notifies investors of MeadWestvaco Corp. of claims of breaches of fiduciary duty and other violations of state law against the board of directors of the Company in connection with the sale of the Company to Rock-Tenn Company . A complaint was filed in Delaware state court.

Tags: alert investor shareholders llp

 
 

Investor seeks $8B GM stock buyback, seat on board

2015-02-10 17:22:58| Automakers - Topix.net

" A General Motors stockholder representing four investment funds has told the company he'll seek a seat on its board at the annual meeting this summer and will push for an $8 billion stock buyback to take place next year. Harry Wilson, a former hedge fund manager and one-time member of the Obama administration task force that helped to restructure GM and Chrysler in 2009, disclosed his plans in a meeting with GM CEO Mary Barra on Feb. 3. The company revealed them in a statement issued Tuesday morning and said its board will evaluate the proposals through its normal committee process.

Tags: on board stock seat

 

Gilead Sciences to Present at Two Upcoming Investor Conferences

2015-02-10 10:19:04| Biotech - Topix.net

Gilead Sciences, Inc. today announced that its corporate presentation will be webcast from two upcoming investor conferences: the 17 th Annual BIO CEO & Investor Conference and the 2015 Leerink Global Healthcare Conference, both taking place in New York. John F. Milligan, PhD, Gilead's President and Chief Operating Officer, will provide an overview of the company at the BIO CEO conference on Tuesday, February 10 at 10:00 a.m. Eastern Time and the Leerink conference on Wednesday, February 11 at 10:15 a.m. ET.

Tags: present sciences upcoming investor

 

Beijing Yanjing Brewery seeks foreign investor - report

2015-02-09 12:34:00| Daily beverage news and comment - from just-drinks.com

China's state-backed Beijing Yanjing Brewery is looking to sell a 20% stake to a foreign partner, according to a report.

Tags: report foreign investor seeks

 

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