BNSF Railway names Carl Ice CEO, replacing Matthew Rose
NEW YORK (Reuters) – Berkshire Hathaway Inc’s BNSF Railway Co president Carl Ice will become the unit’s chief executive, succeeding Matthew Rose, an executive many believe could become Warren Buffett’s successor.
Facebook to join S&P 500
(Reuters) – Standard & Poor’s on Wednesday said Facebook Inc will join its S&P 500 stock index after the close of trading on December 20, cementing the social media network’s rise into one of the biggest, most powerful U.S. companies.
Chevron sets 2014 budget at $39.8 billion
(Reuters) – Chevron Corp plans to spend $39.8 billion on projects and exploration in 2014, the second-largest U.S. oil company said on Wednesday, as it finishes work on huge developments in Australia and the Gulf of Mexico.
Fed taper anxiety triggers profit taking on Wall St.
NEW YORK (Reuters) – Stocks posted their largest drop in a month on Wednesday as traders locked in recent gains after a provisional budget deal out of Washington removed one of the near-term reasons for the Fed to keep up its current pace of economic s…
GM doesn’t owe $450 million in retiree benefits: U.S. judge
(Reuters) – A federal judge said General Motors Co is not required to pay $450 million to cover medical benefits for retirees, in a defeat for the United Auto Workers union.
Korean automaker Ssangyong in bold bet on U.S. market
SEOUL/BEIJING (Reuters) – Ssangyong Motor Co , a small, Indian-owned, South Korean sport utility vehicle maker, says it expects to invest nearly $1 billion on its line-up as part of a new strategic plan to break into the United States and Asian markets…
Exclusive: Peugeot board approves outline Dongfeng deal – source
LONDON (Reuters) – PSA Peugeot Citroen’s board has approved a plan for an alliance with Dongfeng in which the Chinese carmaker and the French state would buy large minority stakes at a 40 percent discount to Peugeot’s current share price, a source fami…
Analysis: With heavy lifting done, GM’s focus turns to cars, fixing Europe
DETROIT (Reuters) – With General Motors Co in recent days setting in motion big changes around the globe, the focus for new Chief Executive Mary Barra and her team will be making cars and trucks that prove popular enough to help end losses in Europe, a…
Boeing, machinists begin second meeting on 777X, union says
NEW YORK (Reuters) – Boeing Co and machinists union leaders met on Wednesday, their second consecutive day of meetings in an effort to bring Boeing’s new jetliner program, the 777X, to Washington state, according to the union.
RBS to pay $100 million in U.S. sanctions probe
WASHINGTON (Reuters) – Royal Bank of Scotland Group Plc will pay $100 million to resolve U.S. probes into the bank’s dealings with Sudan, Iran, and other sanctioned countries, U.S. authorities said on Wednesday.
