Daimler’s new CEO adds international flair to Mercedes
Daimler’s appointment of company veteran Ola Kaellenius to become chief executive from next year signals a cultural shift by the world’s oldest carmaker as it takes on new rivals from the tech sector.
Canada PM shrugs off U.S. NAFTA pressure, says new deal not guaranteed
Canadian Prime Minister Justin Trudeau on Wednesday shrugged off U.S. pressure to quickly agree to a deal on NAFTA and indicated it was possible the three member nations might fail to conclude a new pact.
Nestle CEO expects to hike prices in coming years
Nestle hopes to be able to pass on rising costs resulting from higher inflation in Western countries in coming years.
Airbus board meets in China amid jet sale hopes
The board of Airbus is holding an unusual meeting in China as the European planemaker implements plans to increase local assembly of jets – a hike that could help unlock talks over a long-delayed deal to sell up to 180 jets, industry sources said.
Trump’s tariffs on metals costs Ford $1 billion, CEO says
Steel and aluminum tariffs imposed by the Trump administration has cost Ford Motor Co about $1 billion, its chief executive officer said on Wednesday.
Merck’s Frazier to remain CEO of the U.S. drugmaker beyond 2019
Merck & Co Inc Chief Executive Officer Kenneth Frazier will remain in the role beyond 2019, the drugmaker said on Wednesday, after it scrapped a policy requiring its CEOs to retire at the age of 65.
Uber settles for $148 million with 50 U.S. states over 2016 data breach
Uber Technologies Inc has settled with the top legal officers in all 50 U.S. states over a massive data breach it failed to disclose in 2016, one of the biggest embarrassments and legal tangles the ride-hailing company has suffered over the last couple…
Dearth of equity keeps stock market bull alive
Amid all the brickbats thrown at one of the longest bull markets in history, the remarkable buoyancy of world equity prices may simply be down to a shortage of shares.
Papa John’s asks potential acquirers to submit offers: sources
Papa John’s International Inc , the world’s third-largest pizza delivery company, has reached out to potential acquirers to ask them to submit offers, people familiar with the matter said on Wednesday.
World trade’s top court close to breakdown as U.S. blocks another judge
The supreme court of world trade is close to breakdown after the United States turned down a last-ditch petition to reappoint one of the four remaining judges at the World Trade Organization.
