Bed Bath & Beyond long-time CEO steps down following investor pressure
Bed Bath & Beyond Inc’s long-time Chief Executive Officer Steven Temares stepped down on Monday, following pressure from a group of activist investors that had been pushing for his ouster and a shakeup of the furnishing retailer’s board.
Bed Bath & Beyond CEO Steven Temares steps down
Bed Bath & Beyond Inc said on Monday Steven Temares has stepped down as chief executive officer, effective immediately.
Futures extend losses after China plans retaliation
U.S. stocks futures extended losses on Monday after China said it planned to set import tariffs against $60 billion worth of U.S. goods.
China says will ‘never surrender’ on trade, Trump warns against retaliation
U.S. President Donald Trump on Monday warned Beijing not to retaliate in an escalating trade dispute after China said it “will never surrender to external pressure.”
WestJet to go private in C$5 billion deal
Canada’s WestJet Airlines Ltd said on Monday it will be acquired by private equity firm Onex Corp in an all-cash deal valued at C$5 billion ($3.72 billion), including debt.
Taiwan’s Foxconn readies chip boss to succeed Gou as chairman: sources
Foxconn is poised to nominate chip unit boss Liu Young to succeed Terry Gou as chairman in a surprise choice by the iPhone assembler, two people with direct knowledge of the matter said.
Daimler’s CEO designate will push alliances to cut costs
Daimler will cut development costs of new Mercedes-Benz cars by a significant amount by 2025 and will intensify alliances with rivals as a way to improve margins, Ola Kaellenius, the future chief executive, said on Monday.
U.S.-China trade setback stokes recession fears; stocks slide
Global equities fell on Monday after their worst week of 2019 as hopes of an imminent U.S.-China trade deal were crushed, raising fears of a fresh round of tit-for-tat tariffs.
Renault diesel allegations upheld by court study: report
A French probe into alleged emissions cheating by Renault is a step closer to possible court action, Le Monde reported on Monday, after a technical report confirmed that some of its diesel engines were configured to emit more pollutants outside officia…
Exclusive: Scania signs Northvolt battery deal, in talks on equity
Volkswagen truck brand Scania has signed a battery supply deal with Sweden’s Northvolt and is in talks about making an equity investment as part of the startup’s efforts to raise 1.5 billion euros ($1.68 billion), Scania’s chief executive said.
