Marchionne exits Fiat Chrysler, Ferrari amid health crisis: sources
Fiat Chrysler chief Sergio Marchionne is to be replaced permanently at the helm of the global carmaker as well as Ferrari after suffering serious complications from surgery, sources said on Saturday.
U.S. tariffs to cost Germans up to 20 billion euros this year: report
U.S. President Donald Trump’s tariffs will lead to a drop in prosperity in Germany this year and are likely to cost Germans up to 20 billion euros ($23.44 billion), the head of German think-tank IMK said.
Fiat, Ferrari boards to meet on Marchionne succession: report
The boards of carmakers Fiat Chrysler and Ferrari will meet separately on Saturday to discuss succession plans for Sergio Marchionne, who is chief executive of both carmakers and has been on medical leave, Automotive News said.
Amazon, Toyota, Alcoa and others working to counter Trump’s tariff plans
Big companies in the United States from Amazon.com Inc to Toyota Motor Corp and Alcoa Corp are working to counter the effect of the Trump administration’s trade policies and to head off new tariffs.
U.S. lawmakers cut anti-ZTE measure from defense bill
U.S. lawmakers cut measures from a defense bill that would have reinstated sanctions on China’s ZTE Corp, abandoning an attempt to punish the company for illegally shipping U.S. products to Iran and North Korea.
Wall Street slips as trade worries dampen upbeat earnings
U.S. stocks ended slightly lower on Friday as escalating trade anxieties driven by U.S. President Donald Trump’s latest tariff threats against China offset a string of robust earnings led by Microsoft.
U.S. dollar drops, yields rise after Trump comments on Fed policy and tariffs
The U.S. dollar weakened, long term Treasury yields rose and stocks closed mostly lower on Friday after President Donald Trump complained again about the greenback’s strength and about Federal Reserve interest rate rises.
GlaxoSmithKline considers splitting up the group: FT
GlaxoSmithKline Plc is considering a break-up of the group after investors pressed the company’s board to spin off its consumer division, the Financial Times reported on Friday.
Wall Street braces for tariff fallout as S&P 500 companies report
(This story corrects company description in paragraph 3 in July 22 story.)
Wall Street flat as earnings offset tariff threats
U.S. stocks were largely unchanged on Friday as a string of strong earnings led by Microsoft offset escalating trade anxieties driven by U.S. President Donald Trump’s latest salvo of tough China tariff threats.
