Boston, MA 02\/03\/2014 (wallstreetpr) –\u00a0 General Motors Company (NYSE:GM)<\/b> will not temper with jobs at Opel. CEO Mary Bara was in Germany last week, her first visit to the company since assuming the role of top executive at GM. She committed that the company will extend manufacturing of Opel and Vauxhall brands until 2018. General Motors Company (NYSE:GM)\u2019s Opel division operations have been troubled as Europe remains engulfed in economic slowdown. This effectively extends by two years the no-layoff agreement with the workers union. It also emerged during the German tour by Ms Barra that right-hand Buick and Holden models will be manufactured in Germany for sale in Australia. GM is closing its Australia manufacturing plants by 2017.<\/p>\n
Annaly Capital Management, Inc. (NYSE:NLY)<\/b>: A long-serving director at NLY is retiring from the company\u2019s board. NLY announced in a news release. Mr John Lambiase will step down after 17 years in the company as a non-independent director. His current tenure expires after the company holds its 2014 annual meeting of shareholders. NLY\u2019s CEO Wellington Denahan has hailed Mr. Lambiase for taking a chance on the company what it was still a startup back in 1997. For investors, marinating NLY as a strong net income generator will be the most important attribute to look at in post Lambiase. Annaly Capital Management, Inc. (NYSE:NLY) managed to add 21 cents to its share price on Friday after climbing almost 2 percent to $10.77.<\/p>\n
CytRx Corporation (NASDAQ:CYTR)<\/b> is rolling out common stock shares public offering whereby a minimum of 11.5 million shares are on offer. Then the underwriters will have option to purchase additional 1.7 million shares. CYTR is pricing each share at $6.50 and hopes to raise gross proceed of $75 million to fund trials on drug candidate aldoxorubicin and the rest will go into other corporate functions like search and development, capital expenditure, working capital and commercial expenditure after the deduction of the offering expenses. CytRx Corporation (NASDAQ:CYTR) is currently trading around $6.94 per share.<\/p>\n","protected":false},"excerpt":{"rendered":"
Boston, MA 02\/03\/2014 (wallstreetpr) –\u00a0 General Motors Company (NYSE:GM) will not temper with jobs at Opel. CEO Mary Bara was in Germany last week, her […]<\/p>\n","protected":false},"author":32,"featured_media":4347,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"rop_custom_images_group":[],"rop_custom_messages_group":[],"rop_publish_now":"initial","rop_publish_now_accounts":{"twitter_2902945987_2902945987":""},"rop_publish_now_history":[],"rop_publish_now_status":"pending","footnotes":""},"categories":[2236],"tags":[3287,3158,1700,3159,632,3288],"stock_ticker":[],"class_list":["post-14275","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business","tag-annaly-capital-management-inc-nysenly","tag-cytrx-corporation-nasdaqcytr","tag-general-motors-company-nysegm","tag-nasdaqcytr","tag-nysegm","tag-nysenly","entry"],"acf":[],"yoast_head":"\n