Volkswagen to replace CEO with VW brand chief: sources
BERLIN/HAMBURG (Reuters) – Volkswagen is poised to replace Chief Executive Matthias Mueller with the head of its core VW brand, Herbert Diess, two people familiar with the matter said, as it looks to give fresh impetus to its recovery from an emission…
Wall Street hits session highs as trade war worries fade
(Reuters) – Wall Street’s main indexes hit session highs on Tuesday as investors concerns about rising U.S.-China trade tension receded after Chinese President Xi Jinping promised to cut import tariffs.
Boeing first quarter plane deliveries rise 9 percent, orders ahead of Airbus
(Reuters) – Boeing Co’s aircraft deliveries rose about 9 percent year-over-year in the first quarter as the world’s biggest planemaker benefited from higher demand for its best-selling single-aisle 737 jetliners.
Millionaire bankers on the rise in Europe in decade after crisis
FRANKFURT (Reuters) – Financiers in Europe earning more than 1 million euros ($1.23 million) rose by a third in the six years to 2016 to 4,597, with investment bankers and London dominant, data showed on Tuesday.
Icahn to sell Federal-Mogul to Tenneco for $5.4 billion
(Reuters) – Activist investor Carl Icahn said on Tuesday he was selling auto parts maker Federal-Mogul to Tenneco Inc in a $5.4 billion deal, unloading an investment he has held for nearly two decades and picking up a new stake in Tenneco.
Wall Street opens higher as Xi soothes trade war fears
(Reuters) – Wall Street opened higher on Tuesday after Chinese President Xi Jinping promised to cut import tariffs, soothing investor concerns about rising U.S.-China trade tensions.
Volkswagen to name VW brand chief to replace CEO: sources
BERLIN/HAMBURG (Reuters) – Volkswagen is seeking to replace Chief Executive Matthias Mueller with the head of its core brand, Herbert Diess, as part of a broader overhaul of its management structure to boost efficiency, two people familiar with the ma…
Services, food boost U.S. producer prices in March
WASHINGTON (Reuters) – U.S. producer prices increased more than expected in March, boosted by rising healthcare and food costs, pointing to a steady buildup of inflation pressures.
Wall Street to open higher as Xi soothes trade war fears
(Reuters) – Wall Street was set to open higher on Tuesday after Chinese President Xi Jinping promised to cut import tariffs, soothing investor concerns about rising U.S.-China trade tensions.
Volkswagen to name VW brand chief Diess as new CEO: sources
HAMBURG/BERLIN (Reuters) – Volkswagen’s supervisory board is set to name VW brand chief Herbert Diess as the group’s new chief executive, replacing Matthias Mueller, two people familiar with the matter said.
