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Market Rumors: General Motors, 1MDB, Talgo

By Chelsea Naso ( February 12, 2015, 4:38 PM EST) -- General Motors Co. has tapped Morgan Stanley and Goldman Sachs Group Inc. for guidance as a shareholder group advocates for $8 billion in stock buybacks and a seat on the No. 1 U.S. automaker's board, Reuters reported Thursday. The activist group includes former U.S. auto task force member Harry Wilson and hedge funds Appaloosa Management, Taconic Capital Advisors, Hayman Capital Management and HG Vora Capital Management, which together own about 1.9 percent of GM stock. Under the group's proposal, Wilson would be elected to GM's board at its annual meeting in June....

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