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Business Leo Hindery

  • DETROIT/ NEW YORK, June 6- General Motors Co shareholders on Tuesday overwhelmingly rejected proposals by hedge fund Greenlight Capital to restructure the company's stock and reshape its board, backing Chief Executive Mary Barra's efforts to rev up the company's stalled share price. Fending off the challenge from Greenlight founder David Einhorn does not...

  • At GM's annual shareholder meeting, shareholders will vote on Greenlight's plan to divide GM shares into two classes, which the fund's founder David Einhorn said in March could boost the automaker's $52 billion market capitalization by as much as $38 billion. GM shares closed Friday at $34.45 on the New York Stock Exchange, barely up from $33 at its initial...

  • *Greenlight slate of GM board nominees includes Leo Hindery. DETROIT/ BOSTON, April 12- Greenlight Capital nominated three directors to General Motors Co's board on Wednesday and accused the company of misrepresenting to ratings agencies the prominent hedge fund's proposal to split the automaker's common stock into two classes. Greenlight manager David...

  • *Greenlight slate of GM board nominees includes Leo Hindery. DETROIT/ BOSTON, April 12- Greenlight Capital nominated three directors to General Motors Co's board on Wednesday and accused the company of misrepresenting to ratings agencies the prominent hedge fund's proposal to split the automaker's common stock into two classes. Greenlight manager David...

  • DETROIT/ BOSTON, April 12- Greenlight Capital nominated three directors to General Motors Co's board on Wednesday and accused the company of misrepresenting to ratings agencies the prominent hedge fund's proposal to split the automaker's common stock into two classes. Greenlight manager David Einhorn told Reuters on Wednesday the automaker has refused...

  • DETROIT/ BOSTON, April 12- Greenlight Capital nominated three directors to General Motor Co's board on Wednesday and accused the company of misrepresenting to ratings agencies the prominent hedge fund's proposal to split the automaker's common stock into two classes. Billionaire investor David Einhorn, who runs Greenlight, went public with a proposal in...

  • DETROIT, April 12- Hedge fund Greenlight Capital, which is run by billionaire investor David Einhorn, nominated three directors to General Motor Co's board and reiterated its proposal to split the company's common stock into two classes to help boost the share price. In a regulatory filing, Greenlight nominated former AT&T Broadband Chief Executive Officer...

  • April 12- Hedge fund Greenlight Capital said on Wednesday that it had nominated three independent candidates to the board of General Motors Co.. Greenlight, run by billionaire investor David Einhorn, wants GM's management to split its common stock into two classes: one that would receive the current dividends and one that would participate in all earnings and...

  • PARIS-- Formula One's inaugural Grand Prix of America slated to be run in New Jersey has been postponed until 2014.. The race is planned for a spectacular course along the Hudson River across from Manhattan through the towns of Weehawken and West New York, N.J..