May 26 General Motors Co said on Friday proxy adviser Glass Lewis & Co LLC recommended shareholders to vote for GM's board nominees and against Greenlight Capital's proposal at the company's annual shareholder meeting in June.
Hedge fund manager David Einhorn's Greenlight has been pressuring GM to split its common stock into two classes to help boost its share price.
Glass Lewis agreed with the automaker that "there are a number of risks and uncertainties associated with Greenlight's plan and that it is speculative in nature," GM said. (bit.ly/2rYpykb) (Reporting by Arunima Banerjee in Bengaluru; Editing by Arun Koyyur)
AIRSHOW-Elbit Systems says innovation key to crowded drone market
PARIS, June 23 Israeli defence electronics company Elbit Systems Ltd, is moving quickly to innovate and maintain its edge in a global market in which it faces increasing competition from China, France, Turkey and others.
PRESS DIGEST- New York Times business news - June 23
June 23 The following are the top stories on the New York Times business pages. Reuters has not verified these stories and does not vouch for their accuracy.