Volkswagen says Luca de Meo steps down as CEO of Seat
German carmaker Volkswagen said on Tuesday Luca de Meo has stepped down as chief executive of its Spanish Seat brand.
Alitalia bleeds around 300 million euros a year: administrator
Struggling Italian carrier Alitalia [CAITLA.UL] is burning through its cash resources at the pace of around 300 million euros ($334 million) a year, its new temporary administrator Giuseppe Leogrande told members of a parliamentary committee.
Oil falls 1% as investors reassess Mideast risks
Oil prices fell about 1% on Tuesday, surrendering some recent gains as investors reconsidered the likelihood of immediate supply disruptions in the Middle East after the United States killed a top Iranian military commander last week.
Head of VW’s Seat car brand to step down: source
Luca de Meo, the head of Volkwagen’s Spanish brand Seat, is stepping down from his current role, a source close to the matter told Reuters on Tuesday.
Goldman Sachs answers investor demands on consumer bank
Goldman Sachs Group Inc unveiled details about its consumer business for the first time on Tuesday and will start disclosing its results regularly as part of a broader reporting-line shuffle, responding to long-standing requests for more transparency from analysts and investors. The changes are part of Chief Executive Officer David Solomon’s efforts to get Goldman in line with rivals like JPMorgan Chase & Co and Citigroup that have bigger con
Energy, healthcare stocks drag Wall Street lower
Wall Street’s main indexes fell on Tuesday, dragged down by oil and healthcare stocks as investors nervously awaited further developments on the U.S.-Iran conflict.
Declining imports push U.S. trade deficit to three-year low
The U.S. trade deficit fell to a more than three-year low in November as imports declined further, likely weighed down by the Trump administration’s trade war with China, and exports rebounded, suggesting the economy ended 2019 on solid footing.
Waymo self-driving vehicles cover 20 million miles on public roads
Waymo, the self-driving unit of Alphabet Inc , said its vehicles had covered more than 20 million miles (32.2 million km) on public roads since its creation in 2009.
Japan seeks arrest of Ghosn’s wife amid efforts to snare him
Japanese prosecutors on Tuesday issued an arrest warrant for Carlos Ghosn’s wife for alleged perjury, as officials stepped up efforts to bring the fugitive car industry boss back to face trial on financial misconduct charges.
S&P 500, Dow open slightly lower, chips support Nasdaq
The S&P 500 and the Dow opened slightly lower on Tuesday, dragged down by healthcare and energy stocks, while the Nasdaq was supported by positive corporate updates from chipmakers.
