GM names new head of North American manufacturing
DETROIT (Reuters) – General Motors Co on Monday named a new head for its North American manufacturing, replacing an executive who last week was assigned to cut waste at the U.S. automaker.
Orchard Supply files for bankruptcy, Lowe’s steps in
(Reuters) – Orchard Supply Hardware Stores Corp , spun off by Sears Holdings Corp less than two years ago, has filed for Chapter 11 bankruptcy protection partly blaming hefty dividends paid out to its former parent.
Spain’s Mango takes on retail fashion rivals Inditex, H&M
BARCELONA (Reuters) – Shoppers in the 109 countries where Spanish fashion chain Mango has stores recognize its celebrity faces well, but few know much about the company behind the clothes modeled by Kate Moss, Gerard Pique and Scarlett Johansson.
Siemens pulls plug on last solar energy business
MUNICH (Reuters) – German industrial conglomerate Siemens is shutting down the last of its solar energy businesses after it failed to find a buyer, the company said on Monday.
Telefonica denies report of $93 billion offer from AT&T
MADRID (Reuters) – Telefonica said on Monday it had not received any indication of interest from AT&T , following a Spanish newspaper report that the government had halted a 70 billion-euro ($93 billion) offer from the U.S. company.
Boeing executive sees 100-200 international tanker sales
PARIS (Reuters) – Chris Chadwick, president of Boeing’s military aircraft division, said the company could sell 100 to 200 of its KC-46 refueling tankers to international customers in coming years.
ABB ends uncertainty by promoting Spiesshofer to CEO
ZURICH (Reuters) – Switzerland’s ABB has named one of its top managers as its new chief executive, calming investor fears of a management vacuum after the surprise resignation of CEO Joe Hogan last month and the company’s chief technical officer days l…
Royalty hostile bid for Elan in doubt after vote
DUBLIN (Reuters) – Elan shareholders approved a share buyback on Monday, meaning U.S.-based Royalty Pharma’s hostile bid for the Irish drug firm will lapse unless it succeeds in a legal challenge.
France Tel shares up on relief probe not to unseat CEO
PARIS (Reuters) – France Telecom shares jumped on Monday after President Francois Hollande backed its CEO to keep his job despite being put under investigation for fraud during his time as a top government aide.
Lufthansa confirms $10.4 billion order for Airbus A320s
PARIS (Reuters) – Germany’s Lufthansa confirmed an order for 100 Airbus A320-family aircraft worth around $10.4 billion at list prices at the Paris Airshow on Monday.
