GM Under Pressure by Einhorn to Split Stock in Two Classes

General Motors is facing pressure from investor David Einhorn's Greenlight Capital to boost its stock price by splitting its common shares into two classes. GM said the proposed structure creates risks that are "unacceptable."

 
Tesla Gets Backing of Chinese Internet Giant Tencent

Tencent has taken a 5% stake in Tesla, making the biggest company in China one of the largest owners of Elon Musk's cash-hungry electric car maker.

 
Senator McCaskill Begins Probe of Prescription Opioid Marketing

U.S. Sen. Claire McCaskill has begun a probe into the marketing of opioid drugs, sending letters to Purdue Pharma LP, Johnson & Johnson and other big sellers of the pain medicines for materials detailing sales practices.

 
Chipotle Removes Preservatives From Its List of Ingredients

Chipotle said it has eliminated preservatives and other unwanted additives from its menu, seeking to match consumer demand for foods they perceive as more natural.

 
Amazon Launches Grocery Pickup Stores in Seattle

Amazon.com said it was launching a new grocery-store pickup service, pushing deeper into brick-and-mortar retail as it moves to capture more of what people spend on food.

 
Grupo Mexico to Buy Florida East Coast Railway

Mexican mining and railroad company Grupo Mexico has agreed to buy Florida East Coast Railway Holdings in a $2.1 billion deal.

 
SpaceX Aims for First Rocket Launch With Reused Booster

Elon Musk's SpaceX will strive to make history once again, highlighting benefits of reusable boosters with the launch of the first large, liquid-fueled rocket powered by engines previously fired in space.

 
FDA Approves Regeneron and Sanofi's Dupixent for Eczema

Regeneron Pharmaceuticals and Sanofi said they will charge $37,000 annually in the U.S. for their newly approved eczema drug, a price the companies said they reached after months of negotiations with pharmacy benefit managers.

 
Ford Adds $350 Million in Investments Amid Fanfare by Trump

Ford Motor outlined investments in three Michigan factories, a move heralded by President Donald Trump, that include several previously disclosed projects, plus $200 million to build a new data-storage center and an extra $150 million to retool a small-car plant to build pickups and SUVs.

 
Amazon to Buy Middle East E-Commerce Site Souq.com

Amazon is acquiring Dubai-based Souq.com, placing one of its biggest global bets in recent years on the small but rapidly-expanding Middle Eastern online shopping market.

(END) Dow Jones Newswires

March 28, 2017 13:15 ET (17:15 GMT)

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