Trump appoints one of his lawyers to review mergers

President Trump on Monday named Makan Delrahim, a former government antitrust enforcer and corporate lobbyist, to lead the Justice Department’s review of mergers and acquisitions. The appointment is being closely watched because companies across industries have...

Greenlight Capital’s Einhorn explains why two GM stock classes would better serve investors

Two General Motors stock classes would better serve investors, Greenlight Capital’s David Einhorn told CNBC on Tuesday. Einhorn, making comments after the hedge fund urged General Motors to split its common stock into two classes, said GM’s stock is...

US nuclear developer Westinghouse Electric to file Tuesday for bankruptcy: Sources

U.S. nuclear developer Westinghouse Electric plans to seek bankruptcy protection from creditors on Tuesday as it struggles with losses that have thrown its Japanese parent Toshiba into crisis, people familiar with Toshiba’s thinking said. Pittsburgh-based...

Einhorn’s Greenlight Capital urges GM to create two share classes

David Einhorn’s hedge fund Greenlight Capital on Tuesday proposed a plan that would split General Motors’ common stock into two classes, to help the automaker improve its financial flexibility and boost the stock’s value. The company’s shares...

The next iPhone is the last hurrah for smartphones: Fund manager

According to Rogoff, the market is saturated and there is now a focus on replacement, although innovation will still occur. He said the next innovation that could capture new market share are flexible screen devices. “One thing that could change the...