12 February, 2015 by The TZ Newswire Staff Comments Off on GM turns to banks to help deal with activist investor group
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. The automaker is working with Morgan Stanley (MS.N) and Goldman Sachs Group Inc (GS.N) for advice on how it should deal with former U.S. auto task force member Harry Wilson and four hedge funds that are pushing for the company to dip into its $25 billion in cash, GM said on Thursday.
12 February, 2015 by The TZ Newswire Staff Comments Off on Cisco CEO to Cramer: We’re in Europe’s sweet spot
Cisco CEO to Cramer: We’re in Europe’s sweet spot
While there may be turmoil overseas, Cisco CEO shares with Jim Cramer how the company has flourished in Europe.
12 February, 2015 by The TZ Newswire Staff Comments Off on Obama’s cybersecurity summit: More flash than substance
Obama’s cybersecurity summit: More flash than substance
President Obama will hold a cybersecurity summit at Stanford University on Friday. An all-star cast of experts will meet to collaborate on protecting Americans and the government from cyber attacks.
12 February, 2015 by The TZ Newswire Staff Comments Off on A strong dollar doesn’t have to be a death knell for U.S. companies
A strong dollar doesn’t have to be a death knell for U.S. companies
Contrary to popular belief, U.S.
12 February, 2015 by The TZ Newswire Staff Comments Off on Why GoPro Stock Is Down Double Digits After a Great Quarter
Why GoPro Stock Is Down Double Digits After a Great Quarter
GoPro’s stock slid after its earnings report, but its fourth-quarter and full-year results aren’t to blame.
12 February, 2015 by The TZ Newswire Staff Comments Off on Apple, Inc.’s Monstrous Lead Over Samsung in 3 Telling Numbers
Apple, Inc.’s Monstrous Lead Over Samsung in 3 Telling Numbers
Samsung’s fall and Apple’s rise have created a chasm so big between the companies that they are hardly even comparable anymore.
12 February, 2015 by The TZ Newswire Staff Comments Off on Elon Musk: Tesla Motors, Inc. Could Be Worth $700 Billion Someday
Elon Musk: Tesla Motors, Inc. Could Be Worth $700 Billion Someday
Elon Musk is known for his optimism. But has he gone too far? Or is his ambition Tesla’s greatest asset?