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Automaker $GM said it has launched an offering of senior unsecured notes in 20- and 30-year tenors. $GM plans to use the net proceeds from the sale of the notes to make a discretionary contribution to its U.S. hourly pension plan and, in the event GM does not use all of the net proceeds for this contribution, for general corporate uses.
Well this is big! I don’t know if it’s someone’s monopoly or genuine excitement, but either way, $CSX is up 23% after market closed. I heard some activist investor is going to blow big money into CSX Corp. Anyone mind explaining?
After so much controversy and family issues in $VIAB over the recent months, Paramount brings in some good news. News is that they signed a $1 billion deal with Shanghai Film Group and Huahua Media. The material impact to Viacom however is still uncertain.
Looks like Uber will be paying $20 million to settle a US Federal Trade Commission lawsuit. FTC accused Uber of false and misleading claims about driver pay and stuff. Uber however neither denied nor admitted and will just be paying the $20 million.