Exclusive: France plans Renault CEO hunt as board frays over Ghosn – sources
The French government is seeking candidates to replace Renault’s embattled boss Carlos Ghosn, as some board members began to voice doubts about keeping him in office after his indictment in Japan for suspected misconduct, several sources told Reuters….
Global stocks lose steam as trade hopes fade, euro dips after ECB
A gauge of world equities gave up early gains and turned negative on Thursday, continuing a pattern seen for the past several sessions, while the euro eased after the European Central Bank’s policy announcement.
U.S. auto sales expected to dip in 2019, says NADA
New vehicle sales in the United States are expected to drop next year as higher interest rates and rising prices could prompt customers to hold off their car-buying plans, the National Automobile Dealers Association (NADA) said on Thursday.
New York sues Target, Walmart for sale of lead-contaminated toys
New York Attorney General Barbara Underwood said on Thursday that she had filed a lawsuit against Target Corp , Walmart Inc and toy importer LaRose Industries over the sale of lead-contaminated children’s toys.
WPP hires Publicis executive as chief marketing officer
WPP said it had hired Laurent Ezekiel from its French rival Publicis to be its chief marketing and growth officer, tasked with helping new boss Mark Read steer the world’s biggest advertising group back to growth.
Instacart to close Whole Foods delivery operation next year
Instacart said on Thursday it will stop delivering groceries for Whole Foods next year, ending a partnership that has been under stress since Amazon.com Inc acquired the upmarket grocer last year.
YouTube, under pressure for problem content, takes down 58 million videos in quarter
YouTube took down more than 58 million videos and 224 million comments during the third quarter based on violations of its policies, the unit of Alphabet Inc’s Google said on Thursday in an effort to demonstrate progress in suppressing problem content…
U.S. confirms China soybean sale, but size disappoints
China’s meager first purchase of U.S. soybeans since its trade war with the United States began in July disappointed farmers, grain traders and a U.S. government official hoping for larger sales to lift slumping prices and absorb a huge surplus across …
Standard Chartered axes over 200 jobs in India: source
Standard Chartered Plc has laid off over 200 employees in India in its retail banking division, as more customers move to digital services, a person familiar with the matter told Reuters on Thursday.
Trump says GM shift to electric vehicles is ‘not going to work’: Fox
President Donald Trump on Thursday said the decision of General Motors Co to shift much of its focus to electric vehicles will not succeed, and he asserted a new trade deal will make it harder for the company to move work to other countries.
