PRESS DIGEST- Canada-June 23
June 23 The following are the top stories from selected Canadian newspapers. Reuters has not verified these stories and does not vouch for their accuracy.
April 12 Hedge fund Greenlight Capital said on Wednesday that it had nominated three independent candidates to the board of General Motors Co.
Greenlight, run by billionaire investor David Einhorn, wants GM's management to split its common stock into two classes: one that would receive the current dividends and one that would participate in all earnings and future growth of the company.
Greenlight, in a preliminary proxy with the Securities and Exchange Commission, said its nominees were Leo Hindery Jr, managing partner of private equity firm InterMedia Partners, Vinit Sethi, director of research at Greenlight, and William Thorndike Jr, founder of private equity investment firm Housatonic Partners.
GM's shares were up 0.3 percent at $34.01 in premarket trading. (Reporting by Ankit Ajmera in Bengaluru; Editing by Maju Samuel)
TORONTO, June 23 Canada's main stock index opened moderately higher on Friday, as the index's heavyweight sectors offset sharp losses in BlackBerry Ltd shares, which tumbled after first quarter sales missed expectations.
June 23 The S&P 500 and Nasdaq Composite opened little changed on Friday amid concerns over oil prices, while the Dow Jones Industrial Average was slightly lower, weighed down by Caterpillar.