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Tempur Sealy International latest news:
Einhorn's Greenlight Capital cuts stakes in GM, Apple
David Einhorn's Greenlight Capital reduced its stakes in iPhone maker Apple Inc. and automaker General Motors Co. in the third quarter, according to a Tuesday regulatory filing. Greenlight's stake in Apple stood at 2,192,900 shares as of Sept. 30, reducing its stake by nearly 1.74 million shares, or 44%, compared to the end of the second-quarter, according to filing tracking service Whalewsidom.com. Greenlight cut its stake in GM by nearly 20.2 million shares, or 36%, to 34,561,500 shares, but also bought 2 million call options, which give a holder the right, but not the obligation, to buy the underlying security at a set price by a certain date. Greenlight bought 3.6 million shares of mattress maker Tempur Sealy International , while new stakes included nearly 8.4 million shares of Exela Technologies Inc. and 1.7 million shares of Venator Materials PLC .Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.
Tempur Sealy's CFO Barry Hytinen leaves to take same position at HanesBrands
Tempur Sealy International Inc. said Monday Chief Financial Officer Barry Hytinen will step down from his position, effective Oct. 13, to pursue an opportunity outside of the bedding industry. Also Monday, underwear maker HanesBrands Inc. named Hytinen as CFO, effective Oct. 16. Mattress maker Tempur Sealy said it named Bhaskar Rao as its CFO. Rao, who joined the company in 2004, was most recently the chief accounting officer. HanesBrands said Hytinen will replace current CFO Richard Moss, who announced in April his plan to retire after 12 years with the company. Tempur Sealy's stock has rallied 28% over the past three months, while HanesBrands shares have climbed 8.6% and the S&P 500 has gained 2.6%.Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.
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