BlackRock takes aim at CEOs serving on other companies’ boards
BlackRock Inc is stepping up opposition to U.S. CEOs who sit on more than one corporate board beside their own, arguing that working as a director takes increasingly more time, a report from the world’s largest asset manager showed on Tuesday.
Prosecutors raid Deutsche Boerse offices over share-trading scam
Public prosecutors on Tuesday raided offices of German exchange operator Deutsche Boerse as part of a broader investigation into a fraudulent share-trading scheme, Cologne public prosecutor’s office said.
Ferdinand Piech, architect of Volkswagen’s global expansion, dies aged 82
Ferdinand Karl Piech, Volkswagen AG’s former chairman and chief executive, who transformed the German company from a struggling midsized carmaker into a global automotive powerhouse, has died, his wife said in a statement.
Norway wealth fund should move more investments to North America, central bank says
Norway’s $1 trillion sovereign wealth fund, the world’s largest, should shift billions in investments from European stock markets and instead invest more in the United States and other North American markets, the fund’s manager recommended on Tuesday.
EU’s Vestager: checking to see if Google favors own job search tool
EU regulators are checking Google for Jobs to see if the company unfairly favors its fast-growing tool for searching job listings, Europe’s antitrust chief said on Tuesday.
Russia’s Rostec unit ready for out-of-court deal with Boeing on 737 MAX order
A unit of Russian conglomerate Rostec said on Tuesday it was ready for an out-of-court settlement with Boeing over its order for 35 Boeing 737 MAX jets, a spokesman for Rostec’s subsidiary Avia Capital Service told Reuters.
GlobalFoundries sues TSMC, wants U.S. import ban on some products
Contract chipmaker GlobalFoundries sued larger rival and Apple supplier TSMC for patent infringement, seeking to stop imports into the United States and Germany of products made with the allegedly infringed technologies.
Ferdinand Piech, architect of VW’s global expansion, dies aged 82
Ferdinand Karl Piech, Volkswagen AG’s former chairman and chief executive, who transformed the German company from a struggling midsized carmaker into a global automotive powerhouse, has died, his wife said in a statement.
Global stocks eke out gains on flickering trade hopes
Global shares eked out gains on Tuesday as some investors held out hopes for a trade deal between the United States and China, even as the countries continued to raise tariffs on each other last week.
Uber Eats, Japan convenience store Lawson form delivery tie-up
Uber Eats and Japanese convenience store chain Lawson on Tuesday announced a delivery partnership in central Tokyo, seeking to capitalize on growing demand for quick home delivery of food and everyday items.
