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Updated Nov. 29, 2023 8:59 am ETGeneral Motorsplans to sharply increase cash return to shareholders, as Chief Executive Mary Barra seeks to reassure investors about the health of GM’s core car-making business after setbacks in fledgling pursuits such as electric and driverless vehicles.The company also said Wednesday it will work to offset higher labor expenses from its new contract with the United Auto Workers and unionized employees in Canada. The contracts will add $1.5 billion next year, rising to $2.5 billion in…

The oil major boosted its dividend and added a $3 billion buyback in its first quarterly results release since its new CEO unveiled a strategic shift. The oil major boosted its dividend and added a $3 billion buyback in its first quarterly results release since its new CEO unveiled a strategic shift. FOLLOW US ON GOOGLE NEWS Read original article here Denial of responsibility! Techno Blender is an automatic aggregator of the all world’s media. In each content, the hyperlink to the primary source is specified.…

AMC Entertainment shares soared 70% after-hours Friday after a judge rejected a proposed court settlement that would have cleared the way for the movie-theater giant to complete a set of equity transactions enabling it to issue substantially more shares. AMC Entertainment shares soared 70% after-hours Friday after a judge rejected a proposed court settlement that would have cleared the way for the movie-theater giant to complete a set of equity transactions enabling it to issue substantially…

Carvana shares surged Wednesday after the used-car retailer said that it had reached a bond-swap deal to reduce its debt by $1.2 billion and launched plans to issue stock through an at-the-market offering.  The company said that it had reached an agreement with a group of investors including Apollo Global Management, Pimco and Ares, who collectively own $5.2 billion of its outstanding unsecured bonds, to swap their holdings into new secured bonds that have the option to pay interest in-kind, meaning that it can…

Bob van Dijk, the chief executive of the of Amsterdam-listed firm, says it plans to remain a long-term investor in the Chinese company. Bob van Dijk, the chief executive of the of Amsterdam-listed firm, says it plans to remain a long-term investor in the Chinese company. FOLLOW US ON GOOGLE NEWS Read original article here Denial of responsibility! Techno Blender is an automatic aggregator of the all world’s media. In each content, the hyperlink to the primary source is specified. All trademarks belong to…

Private-equity firm GTCR will hold a 55% stake following the deal that values the payment processor at $18.5 billion. Private-equity firm GTCR will hold a 55% stake following the deal that values the payment processor at $18.5 billion. FOLLOW US ON GOOGLE NEWS Read original article here Denial of responsibility! Techno Blender is an automatic aggregator of the all world’s media. In each content, the hyperlink to the primary source is specified. All trademarks belong to their rightful owners, all materials to…

MAPS, a nonprofit, is working on an $85 million private share sale to keep itself afloat until mid-2024, when it hopes to start selling MDMA in the U.S. MAPS, a nonprofit, is working on an $85 million private share sale to keep itself afloat until mid-2024, when it hopes to start selling MDMA in the U.S. FOLLOW US ON GOOGLE NEWS Read original article here Denial of responsibility! Techno Blender is an automatic aggregator of the all world’s media. In each content, the hyperlink to the primary source is…

A portrait by British painter Francis Bacon will be publicly listed this summer, giving investors the ability to buy and sell shares in an artwork on a stock exchange for the first time. A portrait by British painter Francis Bacon will be publicly listed this summer, giving investors the ability to buy and sell shares in an artwork on a stock exchange for the first time. FOLLOW US ON GOOGLE NEWS Read original article here Denial of responsibility! Techno Blender is an automatic aggregator of the all world’s…

June 13, 2023 5:30 am ETIf you haven’t noticed how badly profit margins are getting squeezed, it might be because management is trying to keep you from noticing.Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8 June 13, 2023 5:30 am ETIf you haven’t noticed how badly profit margins are getting squeezed, it might be because management is trying to keep you from noticing.Copyright ©2023Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8…

The home of the $5 footlong and largest U.S. restaurant chain by locations needs to find an alluring price for selling itself to private equity. The home of the $5 footlong and largest U.S. restaurant chain by locations needs to find an alluring price for selling itself to private equity. FOLLOW US ON GOOGLE NEWS Read original article here Denial of responsibility! Techno Blender is an automatic aggregator of the all world’s media. In each content, the hyperlink to the primary source is specified. All…