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TWG Motorsports and GM Receive Formal Approval for Cadillac Formula 1™ Team
Prnewswire· 2025-03-07 16:01
Core Points - The Cadillac Formula 1 Team has received final approval to join the FIA Formula One World Championship grid in March 2026, backed by TWG Motorsports and General Motors [1][2] - This expansion to an 11th team is seen as a milestone for the FIA Formula One Championship, bringing fresh energy and aligning with the new FIA 2026 regulations [2] - The partnership between TWG Motorsports and General Motors aims to create a distinctly American team with a strong foundation in performance and engineering excellence [3][4] Company Developments - TWG Motorsports has been working closely with General Motors to establish a robust foundation for the Cadillac Formula 1 Team, focusing on expanding facilities and refining technologies [4][5] - Graeme Lowdon has been appointed as Team Principal, while Russ O'Blenes will lead TWG GM Performance Power Units, which will focus on building Formula 1 chassis and power units [4] - The team has assembled over 300 experienced personnel for aerodynamics, chassis, and component development, with ongoing preparations for their first V6 power unit [6] Industry Impact - The entry of the Cadillac Formula 1 Team is expected to inspire future competitors and fans, pushing the boundaries of motorsport at the highest level [3] - The announcement signifies a commitment to innovation and competitive excellence within the motorsports industry, particularly in the context of Formula 1 [7][8]
General Dynamics Rewards Shareholders With 5.6% Dividend Hike
ZACKS· 2025-03-06 15:45
General Dynamics Corp. (GD) recently announced that its board of directors has approved a 5.6% increase in quarterly dividend rate. The company’s revised quarterly dividend will be $1.50 per share, payable on May 9, 2025, to its shareholders of record at the close of the business on April 11.The recent increase represents the company’s 28th consecutive annual dividend hike. Following this hike, GD’s new annualized dividend rate is $6 per share, resulting in an annualized dividend yield of 2.3%, based on its ...
Retired U.S. Army General Edward M. Daly Appointed to Olin's Board of Directors
Prnewswire· 2025-03-06 11:30
Core Insights - Olin Corporation appointed General Edward Daly as a new director on its Board effective March 5, 2025, and he will serve on the Compensation Committee [1] - General Daly has over 36 years of military experience, with his last role as the 20th Commanding General of the U.S. Army Materiel Command, overseeing a budget exceeding $50 billion [2] - Since retiring, General Daly founded Virtus 9, focusing on U.S. national security, and serves as President of Daly Consulting & Logistics, along with advisory roles in other companies [3] Company Overview - Olin Corporation is a leading vertically integrated global manufacturer and distributor of chemical products and a major U.S. manufacturer of ammunition [5] - The chemical products produced by Olin include chlorine, caustic soda, vinyls, epoxies, chlorinated organics, bleach, hydrogen, and hydrochloric acid [5] - Winchester, a subsidiary of Olin, manufactures and distributes various types of ammunition, including sporting, law enforcement, and military ammunition [5]
General Motors (GM) Moves 7.2% Higher: Will This Strength Last?
ZACKS· 2025-03-06 09:46
General Motors (GM) shares ended the last trading session 7.2% higher at $48.48. The jump came on an impressive volume with a higher-than-average number of shares changing hands in the session. This compares to the stock's 6.9% loss over the past four weeks.General Motors shares have gained following the Trump administration's decision to postpone tariffs on automakers for one month, provided their vehicles meet the United States-Mexico-Canada Agreement requirements. This development is particularly benefic ...
Why General Dynamics Stock Flew Almost 5% Higher Today
The Motley Fool· 2025-03-05 23:42
Core Points - General Dynamics announced a quarterly dividend of $1.50 per share, a nearly 6% increase from the previous $1.42 per share [2] - This marks the 28th consecutive year of dividend increases for General Dynamics, with the payout growing from $1.10 per quarter since the start of 2020 [3] - The stock closed nearly 5% higher following the dividend announcement, while the S&P 500 index rose by 1.4% [1] Financial Performance - General Dynamics reported its fourth-quarter and full-year 2024 figures at the end of January, beating expectations on revenue and profitability [5] - Despite the overall positive results, certain business units, particularly the Gulfstream aircraft division, reported sales figures below analysts' estimates, leading to some market disappointment [4][5] - The stock performance has stabilized, being approximately even year to date despite the earlier sell-off [5]
Iveco Group publishes its 2024 Annual Report and calls the Annual General Meeting
GlobeNewswire News Room· 2025-03-05 18:45
Core Points - Iveco Group N.V. filed its 2024 Annual Report with the Netherlands Authority for the Financial Markets, which includes a Sustainability Statement [1] - The Annual Report will be discussed at the Shareholders' Annual General Meeting scheduled for 16th April 2025, which includes a proposal for a cash dividend of €0.33 per outstanding common share [2][3] - The common shares will be quoted ex-dividend on 22nd April 2025, with the record date on 23rd April 2025 and payment on 24th April 2025 [3] - The 2024 Annual Report includes a reclassification of the post-tax loss on the disposal of the Fire Fighting business, impacting the Profit/(loss) from Discontinued Operations but not the total reported Net Income [4] - Iveco Group operates under seven brands, employing 36,000 people globally, with 19 industrial sites and 31 R&D centres [5]
General Motors: Inventory Doesn't Lie And Says Buy
Seeking Alpha· 2025-03-04 15:12
My last analysis on General Motors Company (NYSE: GM ) was published back in 2023. More specifically, in Nov 2023, I published an article on GM entitled “General Motors: $10B Share Repurchase Program As you can tell, our core style is to provide actionable and unambiguous ideas from our independent research. If your share this investment style, check out Envision Early Retirement. It provides at least 1x in-depth articles per week on such ideas.We have helped our members not only to beat S&P 500 but also av ...
Metasphere Labs Announces Upcoming Annual General & Special Meeting
Thenewswire· 2025-03-03 23:05
Vancouver, British Columbia – March 3, 2025 - TheNewswire – Metasphere Labs Inc. (“Metasphere” or the “Company”) (CSE: LABZ ) (OTC: LABZF) (FRA: H1N) , a leader in blockchain, metaverse, and decentralized identity technology, announces that it will hold its annual general and special meeting (the “AGSM”) on April 2, 2025.At the AGSM, in addition to normal course of business items, the Company intends to seek shareholder approval for a proposed share consolidation of its issued and outstanding common shares ...
Arthur J. Gallagher & Co. Acquires RMA General Limited
Prnewswire· 2025-03-03 22:00
ROLLING MEADOWS, Ill., March 3, 2025 /PRNewswire/ -- Arthur J. Gallagher & Co. today announced the acquisition of New Zealand-based RMA General Limited (RMA) and its associated insurance broking businesses. Terms of the transaction were not disclosed.RMA provides commercial and personal insurance products as well as tailored life and health solutions to clients throughout New Zealand. Josh Adams and his team will operate under the direction of Carl O'Shea, head of Gallagher's New Zealand retail brokerage op ...
PTX Metals Receives Conditional Approval to List on the TSX Venture Exchange and Announces Annual General and Special Meeting Results
Newsfile· 2025-03-03 20:29
Core Points - PTX Metals Inc. has received conditional approval from the TSX Venture Exchange for the listing of its common shares as a Tier 2 Mining Issuer, pending the fulfillment of certain conditions [1] - The company plans to voluntarily delist its common shares from the Canadian Securities Exchange, with the delisting expected to take effect once trading begins on the TSXV [2] - The CEO of PTX stated that the move to TSXV aligns with the company's long-term growth strategy and will facilitate further investment from institutional and international stakeholders [3] Annual General and Special Meeting Results - At the annual general and special meeting held on February 25, 2025, shareholders re-elected all members of the board of directors and re-appointed Baker Tilly WM LLP as the auditor [4] - Shareholders approved the adoption of an omnibus long-term incentive plan, which replaces the previous stock option plan and allows for a broader range of incentives to be granted [5] - Voting results showed unanimous support for the appointment of auditors and board members, with 100% approval for most motions, and 99.96% approval for the Omnibus Long-Term Incentive Plan [6][7] Company Overview - PTX Metals Inc. is focused on high-quality critical minerals projects, including two flagship projects in northern Ontario, a region known for its mineral resources [8] - The company's portfolio includes valuable metals such as gold, copper, nickel, PGE, uranium, and rare metals, strategically acquired for their geological advantages [9] - PTX is based in Toronto, Canada, and is listed on multiple exchanges, including the CSE, Frankfurt, and OTCQB [10]