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GM turns to banks to help deal with activist investor group

General Motors Co (GM.N) has turned to two investment banks to help it come up with a response to a shareholder group demanding $8 billion in stock buybacks and a seat on the board of the No. 1 U.S. automaker, the company told Reuters.


AIG fourth-quarter earnings miss estimates on low rates, refinancing

American International Group Inc (AIG.N) reported lower-than-expected fourth-quarter earnings on Thursday as low interest rates and refinancing expensive debt hurt the insurer's results.

Kraft Foods shakes up leadership, reports quarterly loss

Kraft Foods Group Inc said on Thursday that its chief financial officer would leave her role and two other senior executives would depart from the company, marking the first major changes at the maker of Velveeta cheese and Oscar Mayer meats since its board chairman took over as chief executive in December.

Asian shares jump on Ukraine ceasefire, hopes on Greece

Asian shares gained on Friday on news of a ceasefire accord in Ukraine, while Sweden's surprise move to cut its main rate into negative territory and hopes of a resolution between debt-strapped Greece and its creditors burnished risk appetite.


Latest News

After 16 years of being an anchor, Jon Stewart decided to leave off The Daily Show. Stewart has not elaborated any reason for leaving other than saying "it is time for someone else" to take the anchor's table. He might be leaving the satirical show in July or December.
Is the Illuminati really involved in the Grammy Awards? Speculations of a recent human sacrifice is being linked to Madonna's performance in the Grammys.
Rob Kardashian is fed up with his haters criticizing him for his weight gain. The reality star decided to lash out angrily at his haters on Instagram.
The L.A. rap-rockers Hollywood Unded just released a new trailer online revealing the title and release date of their upcoming album 'Day of the Dead'.
What happens if a dumb blond drives a 2015 Mustang GT? Can she handle it? They say that girls are bad drivers. They think that the road belongs to the male species.
Amid Sam Smith's success in winning four Grammy Awards, still he remained to be humble and true to his self. This character applauded by Ellen as she interviewed him in the last episode of her show, 'The Ellen Show' last Monday.
The feud between Vivica A. Fox and Kenya Moore is far from over. In fact, the gloves have officially come off as Vivica continues to diss Kenya, calling her "desperate".
The SpongeBob Movie: Sponge Out of Water grabs the no. 1 spot from Clint Eastwood's masterpiece film hit 'American Sniper' at the box office this weekend.
“The Winds of Winter” has a possibility of getting release this 2015 as George R.R. Martin reacts to publisher’s previous statement. Leaked image of the author’s letters reveals major plot for the whole “A Song of Ice and Fire” epic novel saga.
New set of cheats have been emerging on the Internet to help Pokemon trainers catch legendary Pokemon in "Pokemon Omega Ruby" and "Alpha Sapphire."