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Tag Archives: General

General Motors Co. invests $500 million in Lyft Inc, signalling new era of partnership between auto makers, Silicon Valley


General Motors Co. is investing US$500 million in ride-sharing company Lyft Inc. to create a network of on-demand, self-driving cars — another signal that traditional auto makers aren’t prepared to sit idly by while Silicon Valley eats their lunch. The move comes at a time of major flux in the …

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General Motors Co raises 2016 profit outlook, boosts share buybacks, dividend


DETROIT — General Motors Co said on Wednesday it will return more cash to shareholders by raising its stock buyback program by 80 per cent to US$9 billion and increasing its dividend, sending shares up 4.6 per cent in premarket trading. GM also raised its 2016 earnings per share forecast …

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Aviva Canada Inc to buy RBC General Insurance Company for $582 million


Royal Bank of Canada is selling its home and auto insurance business to Aviva Canada Inc. for $582 million in a deal that includes a 15-year distribution arrangement allowing the bank to continue selling a “full suite” of insurance products. RBC chief executive Dave McKay indicated last year that the bank …

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Nominations open for 2016 Canadian General Counsel Awards


The nomination period for the 2016 Canadian General Counsel Awards is open. Members of the private bar and the in-house corporate law community are welcome to submit nominations via email (nominations@cgca.ca) until March 24. The award website (cgca.ca) has a sample form plus detailed information on this year’s eight award …

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