Joe Phillippi News
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General Motors Co. Chief Executive Officer Dan Akerson’s compensation mix was changed in 2012 to accommodate the possibility he may retire before his long-term restricted stock vests in three years, the company said.
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BYD Co., the struggling Chinese carmaker partially owned by Warren Buffett’s Berkshire Hathaway Inc., fell on concern existing investors will be diluted after two people familiar with the matter said the company plans to issue new stock.
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Ford Motor Co. , seeking to regain an investment-grade credit rating, reduced its debt by more than $1.9 billion by paying investors in its convertible debt to swap their notes for shares.
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Sergio Marchionne drives a hard bargain. After all, the Fiat SpA chief executive officer gained control of Chrysler Group LLC in 2009 for nothing.
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New Oriental Education & Technology Group Inc. rose the most since July in New York as a buyout offer for Chinese tutoring firm Ambow Education Holding Ltd. fueled speculation the bigger company may also be targeted.
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General Motors Co. may sell next week’s initial public offering above the forecast price range and exercise an option to increase the size of the IPO amid signs of brisk demand, two people familiar with the deal said.
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General Motors Co., the automaker 61 percent owned by the U.S., is buying subprime lender AmeriCredit Corp. for $3.5 billion to help it reach more customers with leases and loans to borrowers with faulty credit records.
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General Motors Co. Chief Executive Officer Ed Whitacre , who led the largest U.S. automaker from bankruptcy to two straight profitable quarters, will step down as CEO on Sept. 1 and be replaced by director Dan Akerson .
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General Motors Co. Chief Executive Officer Ed Whitacre intends to announce on April 21 that GM has repaid the remaining $5.8 billion in loans from the U.S. and Canada, a person with direct knowledge of the plans said.
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General Motors Co. , preparing for an initial public offering, is showing a different spirit than the failed behemoth that preceded it: investing in small cars, planning to hire workers and paying obligations early.
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