Renault says it is considering new governance, CEO Ghosn succession
Renault confirmed on Thursday that it was considering new leadership to replace embattled Chairman and CEO Carlos Ghosn, after French Finance Minister Bruno Le Maire called publicly for a board meeting to address his succession.
Hitachi freezes UK nuclear project as energy supply crunch looms
Japan’s Hitachi Ltd decided on Thursday to freeze a 3 trillion yen ($28 billion) nuclear power project in Britain, dealing a blow to UK plans for the replacement of aging plants.
Trading operations stung banks in fourth quarter but dovish Fed fuels hope
Big trading operations were a thorn in the side of the top U.S. banks in the fourth quarter as fears about global growth sent credit markets into a tailspin, but a “dovish” turn from the Federal Reserve may mean the drama is over for now.
PG&E shareholder BlueMountain says bankruptcy unnecessary
PG&E Corp shareholder BlueMountain Capital Management LLC on Thursday said the U.S. power company’s decision to file for bankruptcy was unnecessary, arguing that there was evidence the company was solvent.
Morgan Stanley quarterly profit more than doubles
Morgan Stanley’s fourth-quarter profit more than doubled from a year earlier when it recorded a $1 billion tax charge due to changes in the U.S. tax law.
Musk tweets Tesla to end customer referral plan because of costs
Tesla Inc’s customer referral incentive plan will end on Feb. 1, the electric carmaker’s Chief Executive Officer Elon Musk tweeted on Thursday, citing costs.
In Argentina crisis, firms do everything to cut costs – except fire workers
Like many Argentine businessmen, Marco Meloni is doing everything he can to avoid laying off staff at his textile factory despite a slump in sales, more than 70 percent interest rates and soaring utility bills.
Gloomy forecast for Davos: crises aplenty, but few world leaders
(In this January 17 story corrects attendance fee paid by Precognize CEO in last paragraph)
UK committed to nuclear power after Hitachi decision: PM May’s spokesman
Britain is committed to the nuclear power sector, Prime Minister Theresa May’s spokesman said on Thursday, after Japan’s Hitachi Ltd froze a 3 trillion yen ($28 billion) nuclear power project in Wales.
Renault executives, French government officials to meet Nissan CEO: Nikkei
Renault executives and French government officials were planning to meet Nissan CEO Hiroto Saikawa in Japan on Thursday, Japanese media said, as the automakers consider their partnership in the wake of alliance Chairman Carlos Ghosn’s arrest.
