Billionaire investor activist Carl Icahn wants some moves at The Manitowoc Company (MTW). Shares are higher by more than 9% after Icahn boosted his stake to 7.8% in the crane and food services company. He is now calling for the two arms of the business to split. Icahn has gathered about 10.5 million shares worth a little less than $150 million dollars.
Get the Latest Market Data and News with the Yahoo Finance App
General Motors (GM), America’s biggest automaker, is revving higher by about 3 percent today, making it the biggest winner in a basket of auto names investors are favoring ahead of monthly auto sales due next week. Indications from industry sources, including Cars.com, suggest a banner December for auto sales - perhaps the best since 2006.
Lastly, fresh political chaos in Greece has hit the Global X FTSE Greece 20 ETF (GREK) which is down over 5 percent after Greece's Parliament failed to elect a new president on Monday. This has opened the door to elections next month that could usher in a leftist party that opposes the country's international bailouts and wants to renegotiate the terms of the those bailouts. The worst outcome for investors would be Greece’s exit from the Eurozone.
More from Yahoo Finance
The iPhone mafia: What happens to your stolen smartphone
Gas prices stay low as Saudis try to "smoke out" US
The 10 top-searched stocks of 2014: Google is No. 6
