Ford shakes up top management three days after weak profit outlook
Ford Motor Co on Friday named top executive Jim Farley its chief operating officer, positioning him as potential heir to Chief Executive Officer Jim Hackett and shaking up its top management three days after a weak 2020 profit outlook.
Credit Suisse CEO Thiam toppled by espionage scandal
Tidjane Thiam has quit as Credit Suisse chief executive after a spying scandal that has hit the reputation of one of Europe’s largest banks and shocked Switzerland’s financial community.
Credit Suisse’s new CEO Gottstein seeks growth offensive
Credit Suisse’s incoming chief executive, Thomas Gottstein, plans to put Switzerland’s second-biggest bank on a growth offensive following predecessor Tidjane Thiam’s cost-cutting exercise, he told Reuters on Friday.
From black swan to bubble: investors weigh coronavirus risks
When worries over the coronavirus shook U.S. stocks out of a period of quiet trading last week, investors wondered if the outbreak was the “Black Swan” event that would trigger a sharp decline. Less than a week later, talk has turned instead to a market melt-up.
Ford names Jim Farley COO, Hinrichs to retire
Ford Motor Co on Friday said the top executive Jim Farley will assume the position of chief operating officer, positioning him as potential heir to Chief Executive Jim Hackett.
Exclusive: France ramps up pressure to shift $200 billion euro clearing away from London – sources
France is looking at ways to lure clearing in euro derivatives away from London to the European Union to lessen the risk of any forced “relocation” backfiring by driving business instead to the U.S., financial industry officials said.
‘No concrete proposition’ from U.S. to back Huawei rival Ericsson: Swedish minister
Sweden’s digital minister stressed Ericsson’s importance for jobs and technology in Europe on Friday after a U.S. official suggested the United States buy stakes in the telecoms gear maker or Finland’s Nokia to counter Huawei’s dominance in 5G.
Futures extend declines after January jobs data
U.S. stock index futures extended losses on Friday after the Labor Department revised some past employment numbers lower, suggesting job growth could significantly slow this year.
Mild weather boosts U.S. job growth; but benchmark revisions show ebbing momentum
U.S. job growth accelerated in January, with unseasonably mild temperatures boosting hiring in weather-sensitive sectors, indicating the economy will probably continue to grow moderately despite a deepening slump in business investment.
Boeing supplier Spirit slashes dividend due to 737 MAX crisis
Spirit AeroSystems Inc, Boeing Co’s largest supplier, said on Friday it would slash its quarterly dividend to just 1 cent per share as it grapples with the grounding of the planemaker’s 737 MAX jets.
