VW says China to become global software development hub to autonomous tech
Volkswagen will use Chinese software developers to help design a global autonomous vehicle architecture thanks to the prevalence of qualified programmers which carmakers are struggling to hire elsewhere, senior executives said on Monday.
UK firm sees 737 MAX crisis wiping $12 billion off Boeing brand value
Negative publicity over the grounding of Boeing’s 737 MAX jet following two fatal accidents is set to wipe $12 billion off the value of the planemaker’s brand, Brand Finance said.
EDF shares jump on hopes re-nationalization will unlock value
EDF shares rose as much as 4.3 percent on Monday on hopes that a partial re-nationalization of the French utility will unlock value and ring-fence EDF’s capital-intensive nuclear activities from its renewables and grids.
Goldman Sachs profit beats estimates on lower expenses, higher advisory fees
Goldman Sachs Group Inc beat quarterly profit estimates on Monday as the bank earned more from advising on M&A deals and expenses fell due to lower compensation costs.
Russia’s Rusal lands first U.S. investment since sanctions lifted
Rusal is making its first investment in the United States since Washington lifted sanctions against the Russian aluminum giant, teaming up with U.S. manufacturer Braidy Industries to build a mill in Kentucky.
German prosecutors press charges against former VW CEO Winterkorn
Prosecutors in the German city of Braunschweig said on Monday they were pressing criminal charges against former Volkswagen Chief Executive Martin Winterkorn in connection with the carmaker’s manipulation of diesel emissions testing.
Best Buy promotes CFO Corrie Barry to CEO role
Best Buy Co Inc on Monday named Chief Financial Officer Corie Barry as the company’s next Chief Executive Officer, the first woman to lead the consumer electronics retailer in its 53-year history.
Stock futures muted ahead of big bank earnings
U.S. stock index futures were subdued on Monday as investors awaited more big banks earnings following JPMorgan’s upbeat results, while sentiment was supported by reports of progress in trade talks.
ISS opposes free pass for UBS bosses after French tax ruling
UBS shareholders should oppose discharging the board and top management of Switzerland’s biggest bank from liability after a guilty verdict in a French tax evasion case, proxy adviser Institutional Shareholder Services (ISS) said.
Trump says Boeing should fix, ‘rebrand’ grounded 737 MAX jet
U.S. President Donald Trump on Monday urged Boeing Co to fix and “rebrand” its 737 MAX jetliner following two fatal crashes, as regulators worldwide continue to work with the planemaker to review its grounded best-selling aircraft.
