BMW says board member Froehlich not a candidate to replace Audi CEO
FRANKFURT (Reuters) – BMW on Friday denied a media report saying that Klaus Froehlich, board member responsible for research and development, was a potential candidate to succeed embattled Audi Chief Executive Rupert Stadler.
Facebook loses Belgian privacy case, faces fine up to $125 million
BRUSSELS (Reuters) – A Belgian court threatened Facebook with a fine of up to 100 million euros ($125 million) if it continued to break privacy laws by tracking people on third party websites.
Intel says 32 lawsuits filed against company over security flaws
(Reuters) – Intel Corp said on Friday 32 class action lawsuits had been filed against the company in connection with the recently disclosed security flaws in its chips.
Boeing’s 737 MAX-9 aircraft receives FAA approval
(Reuters) – The world’s largest plane maker Boeing Co said on Friday the U.S. Federal Aviation Administration had officially certified its 737 MAX-9 aircraft for commercial service.
Wall Street opens lower as financial, tech stocks weigh
(Reuters) – Wall Street’s main indexes opened lower on Friday, led by losses in financial and technology stocks, but are on course to end with strong weekly gains as they rebound from last week’s sell-off.
Fiat Chrysler to recall 228,508 trucks to fix shifter issue
(Reuters) – Fiat Chrysler Automobiles NV’s U.S. unit said on Friday it would recall about 228,508 trucks in the United States, Canada, Mexico and some other markets to prevent drivers from unintentionally shifting their vehicles out of “park.”
Citigroup raises CEO Corbat’s pay 48 percent to $23 million
NEW YORK (Reuters) – Citigroup Inc raised Chief Executive Officer Michael Corbat’s annual compensation by 48 percent to $23 million for 2017, a year in which the bank made more money from operations but still fell short of earlier targets.
Qualcomm says open to talks with Broadcom for better offer
(Reuters) – Qualcomm Inc is open to discussing a buyout offer from Broadcom Ltd that “reflects the true value” of the chipmaker and better addresses its concerns about potential regulatory hurdles to a deal, the company said on Friday.
Uber introduces new safety features as it fights to retain London license
LONDON (Reuters) – Taxi service Uber , battling to retain its license to operate in the British capital, said on Friday it would introduce new safety features, including 24-hour telephone support for riders and drivers.
Futures rise, setting stocks on firm ground for the week
(Reuters) – U.S. stock futures rose on Friday, set to build on a rally that has lasted five straight days as investors shrug off inflation fears and focus on growth in the economy and corporate profits.
