VW picks former Audi R&D boss to run Bentley, Bugatti brands
BERLIN (Reuters) – Volkswagen has appointed Audi’s former development chief to take the reins at Bentley and Bugatti, the third top management change at the two ultra-luxury auto brands in just over three years.
Debenhams to cut back promotions after profit drop
LONDON (Reuters) – Britain’s No.2 department store operator, Debenhams , said it would cut back on criticized promotions, improve its online business and boost ranges with retailer tie-ups to try to reverse a slide in profits.
H&M CEO warns rising Bangladeshi wages may spook some firms: paper
FRANKFURT (Reuters) – Hennes & Mauritz (H&M) , the world’s second-biggest fashion retailer, supports higher wages for textile workers in Bangladesh, its chief executive said, but warned that higher costs could also prompt some companies to go elsewhere.
Italy’s privatization goal is ‘ambitious’: Bank of Italy
ROME (Reuters) – Italy’s annual privatization target to lower its 2-trillion-euro debt may fall short, the Bank of Italy said on Tuesday, citing a much lower average sales rate from the past.
GE CEO Immelt may step down before his 20-year tenure ends: WSJ
(Reuters) – General Electric Co’s Chief Executive Jeff Immelt may step down sooner than his expected 20-year tenure, the Wall Street Journal reported, citing people familiar with the company’s thinking.
Italy’s Monte dei Paschi considers bigger cash call
MILAN/ROME (Reuters) – Italy’s Banca Monte dei Paschi di Siena is considering increasing the size of its planned share sale to help it pass a euro-zone wide bank health check and repay state aid this year.
Barclays names new head for pay committee after backlash
LONDON (Reuters) – Barclays said it will appoint Crawford Gillies as the new head of its remuneration committee, in a move that could take the sting out of criticism from shareholders next week about pay levels at the British bank.
General Dynamics opts to skip GAO protest over Army vehicle plan
WASHINGTON (Reuters) – General Dynamics Corp said late Monday it would not ask the congressional Government Accountability Office to rule on a U.S. Army vehicle competition that it says is skewed to favor its competitor, Britain’s BAE Systems Plc.
Zebra Tech to buy Motorola Solutions’ unit for $3.5 billion: FT
(Reuters) – Barcode printer maker Zebra Technologies has agreed to buy Motorola Solutions Inc’s enterprise business for $3.5 billion in cash, the Financial Times reported, citing people familiar with the discussions.
Fuji Heavy plans factory to make Boeing 777X wing boxes: Nikkei
(Reuters) – Japan’s Fuji Heavy Industries Ltd plans to open a plant as early as next year to build wing boxes for Boeing Co’s 777X passenger jet, the Nikkei reported.
