Foxconn’s Gou to keep board seat as he bids for Taiwan’s presidency
Terry Gou, chairman of Apple supplier Foxconn, will retain a seat on the company’s proposed board, a company filing showed on Friday, as he plans to run in Taiwan’s 2020 presidential election.
Top Chinese trade negotiator leaves U.S. trade representative’s office
China’s top trade negotiator Liu He left the U.S. Trade Representative’s office on Friday morning, after talks aimed at resolving a trade dispute between the United States and China.
Volvo Cars is cutting several hundred jobs: Swedish radio
Swedish carmaker Volvo, which is owned by China’s Geely, is cutting several hundred jobs, Swedish radio reported on Friday citing sources.
Etihad submits bid for India’s Jet, eyes minority stake
Middle Eastern carrier Etihad Airways has submitted a bid for a stake in India’s Jet Airways, the unit of State Bank of India (SBI) overseeing the sale of the stricken airline said on Friday.
Ailing Thyssenkrupp drops split plan in favour of elevators float
Germany’s Thyssenkrupp will embark on a fresh restructuring and list elevators, its most successful business, after regulatory opposition sunk plans to hive off its steel division, unravelling its previous break-up proposal.
Defiant Uber co-founder Kalanick shows up for stock market premiere
Travis Kalanick, the co-founder of Uber Technologies Inc who stepped down as CEO in 2017 amid a string of scandals, showed up for the ride-hailing giant’s stock market debut on Friday even though Uber had not invited him to join executives on the balco…
Following opioid suits, family behind deadly OxyContin squabbles
A united front among members of the billionaire Sackler family behind painkiller OxyContin is showing signs of strain from litigation over who bears responsibility for the deadly U.S. opioid epidemic.
Occidental Petroleum CEO defends premium for Berkshire Hathaway investment
Occidental Petroleum Corp Chief Executive Officer Vicki Hollub on Friday defended the company’s deal with Berkshire Hathaway Inc’s Warren Buffett that paved the way to winning its $38 billion acquisition of Anadarko Petroleum Corp.
Citigroup names investor relations chief as consumer bank CFO
Citigroup Inc said on Friday that its investor relations head will become chief financial officer of its consumer banking unit.
Wirecard sees profit potential of Softbank alliance at up to 273 million euros
Wirecard sees the total five-year profit potential from its alliance with Japan’s Softbank Group Corp at between 209 million euros and 273 million euros ($235-$307 million), the German payments company said on Friday.
