U.S. bank regulator will vet next Wells Fargo CEO
A top U.S. bank regulator said on Wednesday it will vet Wells Fargo & Co’s pick for its next chief executive, a development that could complicate the scandal-hit lender’s efforts to find a permanent replacement for CEO Tim Sloan.
Southwest CEO says Boeing made mistakes but he is hopeful 737 MAX will fly this summer
Boeing Co made mistakes that need to be addressed, Southwest Airlines Co Chief Executive Officer Gary Kelly told shareholders on Wednesday, but he added he is still hopeful the grounded 737 MAX jets will return to service this summer.
Commerzbank to hold supervisory board meeting to discuss strategy: sources
Commerzbank plans to hold an extraordinary meeting of its supervisory board on May 21 to discuss strategy, people familiar with the matter said on Wednesday.
Nestle in talks with EQT Partners to sell skin health unit: source
Nestle SA is in exclusive talks with a consortium led by private equity firm EQT Partners for a sale of its skin health unit, according to a source familiar with the matter.
Exclusive: Kone looks at options for potential Thyssenkrupp elevator deal – sources
Finland’s Kone is assessing the viability of a bid for Thyssenkrupp’s 14 billion euro ($15.7 billion) elevators division even as the German conglomerate pursues plans to list it, four people familiar with the matter said.
Wall Street gains on optimism over possible delay in auto tariffs
U.S. stocks gained ground on Wednesday after a report that President Donald Trump was set to delay a decision to impose auto tariffs, offering respite to markets worried about slowing global growth after a batch of weak economic data.
Ford recalling 273,000 vehicles in North America that could roll away
Ford Motor Co is recalling nearly 273,000 Ford Fusion and Ranger pickup trucks in North America that could roll away if the gear is not in “park” mode, the second largest U.S. automaker said on Wednesday.
Beyond Meat surges after coffee chain Tim Hortons adds vegan sausages to menu
Shares of Beyond Meat rose as much as 16% on Wednesday after Canada’s Restaurant Brands International Inc’s coffee chain Tim Hortons said it will introduce three new sandwiches using the vegan burger marker’s plant-based sausages
GE power unit faces three-year turnaround despite orders report
General Electric Co expects its core power-plant business to lose significant cash this year and does not expect large improvement in that unit’s cash flow margins for at least three years, the company’s chief financial officer said on Wednesday.
Beyond Meat surges after coffee chain Tim Hortons launches vegan sandwiches
Shares of Beyond Meat rose as much as 16% on Wednesday after Restaurant Brands International Inc’s coffee chain Tim Hortons said it had launched breakfast sandwiches with the vegan burger marker’s plant-based sausages.
