Valero Energy CEO Bill Klesse to step down in May
(Reuters) – U.S. refiner Valero Energy Corp said Chief Executive Bill Klesse will step down in May after eight years at the helm, and will be succeeded by Chief Operating Officer Joe Gorder.
Goldman Sachs names Apple’s Oppenheimer to board
(Reuters) – Goldman Sachs Group Inc named Peter Oppenheimer, the chief financial officer of Apple Inc , as an independent director.
U.S. factory activity growth hits highest since May 2010: Markit
NEW YORK (Reuters) – U.S. manufacturing activity accelerated in February, rising more than expected to its highest since May 2010, an industry report showed on Monday.
As Boeing, Airbus factories hum, suppliers get rattled
NEW YORK (Reuters) – The world’s largest plane makers are soaring these days, fueled by historic demand for new jets that has cranked up their factories to record speeds.
FedEx unit to raise shipping rates
(Reuters) – FedEx Corp , the world’s No. 2 package delivery company, said its freight unit would raise shipping rates by an average 3.9 percent, effective March 31.
India to investigate suspected Rolls-Royce kickbacks
NEW DELHI (Reuters) – India’s defense ministry said on Monday it had ordered an investigation into state-run Hindustan Aeronautics Ltd’s (HAL) orders from Britain’s Rolls-Royce Holdings worth at least $1.2 billion.
Investor Fairholme wants governance actions at Fannie, Freddie
(Reuters) – Fairholme Capital Management has sent letters to the boards of U.S. government-controlled Fannie Mae and Freddie Mac seeking corporate governance actions, in a push to let investors have a bigger say in how the companies are run.
Buffett: Berkshire prefers to keep buying big businesses – CNBC
(Reuters) – Berkshire Hathaway head Warren Buffett on Monday said that he preferred to keep buying large operating businesses to build the company for the future.
Peugeot boss says no Faurecia sale as part of profitability plan
PARIS (Reuters) – French carmaker Peugeot PSA would not consider selling its 51.7 percent holding in parts supplier Faurecia as part of its profitability plan, new Chief Executive Carlos Tavares said on Monday.
Two top Microsoft execs to leave in reshuffle: reports
(Reuters) – In the biggest management reshuffle at Microsoft Corp since Satya Nadella took over as its chief executive, two top executives, Tony Bates and Tami Reller, will leave the company while a former Clinton family aide will become its chief stra…
