Hints and tips:
...Almost 95 per cent of large companies increased or held their payout in the first quarter, according to Janus Henderson....
...“It’s a bit patchy to be honest,” said Gary Kirk, a portfolio manager with TwentyFour asset management....
...Barack Obama this week did what shareholders of General Motors, even the renowned Kirk Kerkorian, had failed to do....
...Fritz Henderson, chief financial officer, said in an interview that the company was not looking for another partner....
...So far, details of the proposal are vague, having been discussed only at outline level between the companies and Kirk Kerkorian, who has a 9.9 per cent stake in GM....
...The original proposal, raised publicly by Kirk Kerkorian, GM’s biggest individual shareholder, would see Renault and Nissan take a combined 20 per cent stake....
...“It doesn’t start on a level playing field but Rick and Fritz [Henderson, chief financial officer] and the guys who are making the analysis are looking at it without emotion.”...
...The poor results just a day after Kirk Kerkorian, GM’s third-largest shareholder, raised his holding in the company from 7.8 to 9.9 per cent at a cost of $263m....
...Investors gave the move a thumbs-down on Wednesday, but a late-day rally on speculation over billionaire investor Kirk Kerkorian joining the GM board of directors pushed the company’s shares up 2.9 per cent...
...Kirk Kerkorian’s chief adviser laid out a recovery plan for General Motors on Tuesday, and said the billionaire investor, GM’s third-largest shareholder, was ready to spend another $528m buying shares in...
...As Rick Wagoner, chief executive, tries to keep General Motors on the road, letting Kirk Kerkorian’s representative sit in the passenger seat makes sense....
...And Fritz Henderson, the carmaker’s new chief financial officer, has arranged to meet Mr York for a quiet chat. “We would have liked to have Jerry York on the board,” Mr Henderson said yesterday....
...Fritz Henderson, chief financial officer, is leading an assessment of the potential benefits of a deal....
...The carmaker was boosted by its victory in the $1.2bn lawsuit brought by billionaire investor Kirk Kerkorian....
...Mr Fields led Mazda, Ford’s Japanese affiliate, through a successful turnround four years ago, while Mr Wagoner has brought Fritz Henderson, former head of GM’s profitable Asian operations, back to the US...
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