Renault confirms Senard as new chairman, Bollore as CEO
French carmaker Renault on Thursday confirmed the appointment of Michelin’s Jean-Dominique Senard as its new chairman and Thierry Bollore as new chief executive.
Bayer AG unit head sees no merit in breaking up parent: FT
The head of Bayer’s Crop Science unit, which combines Bayer’s legacy pesticides unit with the acquired Monsanto business, sees no merit in splitting up parent company Bayer, he told the Financial Times.
Southwest Airlines flags government shutdown impact; profit beats
Southwest Airlines Co said on Thursday the U.S. partial government shutdown had knocked between $10 million and $15 million off its revenue so far in January as it reported a better-than-expected fourth-quarter profit.
Oil falls in about-face as Venezuela-driven bounce fades
Oil fell on Thursday as concern over the global economy reasserted itself, reversing earlier price gains made on the potential for U.S. sanctions on Venezuela.
Siemens CEO declined offer for support from activists: Manager Magazin
Siemens Chief Executive Joe Kaeser has declined requests from some activist investors whether he would need “support” in running the German industrial conglomerate, the CEO told a German magazine.
Bombardier to buy Global jet wing-making unit from Triumph
Canada’s Bombardier Inc said on Thursday it will buy a wing manufacturing unit from aircraft parts supplier Triumph Group to boost its business jets program.
Aramco seeks advisers for SABIC debt financing: sources
Saudi Aramco is seeking advisers to arrange debt financing needed for the acquisition of a stake in Saudi Arabian Basic Industries Corp (SABIC) , banking sources familiar with the matter said on Thursday.
Deutsche Bank queried by House panels on Trump ties
Deutsche Bank has received an inquiry from two U.S. House of Representatives committees on the lender’s ties to U.S. President Donald Trump, it said on Thursday.
Oil rises after U.S. threat of sanctions on Venezuela crude
Oil rose on Thursday, shaking off persistent concern about the outlook for demand after the U.S. government said it could impose sanctions on OPEC member Venezuela’s crude exports.
Gloomy data shoves euro lower ahead of ECB meeting
The euro retreated while stocks and bonds rallied on Thursday, as painful data from France and only modestly better readings from Germany set the tone for the European Central Bank’s first meeting of the year.
