| | | In proxy fight, Greenlight says GM misrepresented its stock plan | | | DETROIT/BOSTON (Reuters) - 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. |
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| | | Grey market has become a necessary evil for luxury watchmakers | | | ZURICH (Reuters) - A diamond-studded Rolex at 40 percent off the $34,000 retail price or an Omega Speedmaster Moonphase for less than $10,000? While still out of reach for most people, the increasing prevalence of such deals highlights the perplexing predicament in which luxury watchmakers now find themselves. |
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| | | Airbus CEO considers new term, says not retiring soon | | | AMSTERDAM (Reuters) - Airbus Chief Executive Tom Enders is in the early stages of considering whether to seek another term as head of Europe's largest aerospace company when his mandate expires in 2019, and says he is not currently thinking about retirement. |
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| | | Tesla investors urge board changes to prevent dysfunction | | | SAN FRANCISCO/DETROIT (Reuters) - A group of Tesla Inc investors has urged the luxury electric car maker to add two new independent directors to its board who do not have any ties with Chief Executive Elon Musk and "provide a critical check on possible dysfunctional group dynamics." |
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| | | Monte Paschi CEO says EU demands radical restructuring plan | | | SIENA, Italy (Reuters) - Monte dei Paschi di Siena is still negotiating with the European Commission how many jobs to cut in a radical restructuring plan that is a condition for a state rescue of the Italian bank, Chief Executive Marco Morelli said on Wednesday. |
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