General Electric Co ousted Chief Executive Officer John Flannery in a surprise move on Monday, replacing him with outsider and board member Larry Culp, and said it would take a roughly $23-billion charge to write off goodwill in its power division, primarily from a large 2015 acquisition.
The United States and Canada forged a last-gasp deal on Sunday to salvage NAFTA as a trilateral pact with Mexico, rescuing a three-country, $1.2 trillion open-trade zone that had been about to collapse after nearly a quarter century.
U.S. President Donald Trump on Monday took credit for salvaging a trilateral free trade accord with Canada and Mexico, marking it as a victory in his campaign to reshape global commerce as financial markets breathed a sigh of relief.
U.S. manufacturing activity slowed in September as growth in new orders moderated sharply, but factories hired more workers, pointing to sustained strength in the sector.
Thyssenkrupp last week unveiled plans to spin off its capital goods business into a separately-listed entity, effectively splitting the conglomerate in two.
Husky Energy Inc’s hostile bid for MEG Energy Corp reflects the need for Canadian oil companies to own integrated assets, from production to refineries, to manage the deep price discounts on Canadian crude, Husky’s chief executive said on Monday.
Tesla Inc produced 53,000 Model 3 sedans in the third quarter ended Sept. 30, Electrek reported on Monday, citing a source familiar with the matter.
U.S. stocks advanced on Monday, led by gains in shares of technology and industrial companies, as a last-minute deal to save NAFTA as a trilateral pact raised hopes for progress in talks with other countries at the start of the fourth quarter.
Thyssenkrupp is to quickly sell a minority stake it will own in the capital goods business due to be spun off, the conglomerate’s chief executive told analysts on Monday.
Shares of Tesla Inc jumped nearly 15 percent on Monday after Chief Executive Elon Musk settled a lawsuit from the U.S. Securities and Exchange Commission (SEC) that sought to remove him from company management.
Volvo is not considering any hardware retrofits for diesel vehicles in Germany, a company spokeswoman said on Monday, denying a report by Germany’s Der Spiegel magazine that said the Swedish carmaker was mulling that option.
General Electric Co replaced Chief Executive Officer John Flannery on Monday and said it would take a roughly $23 billion charge to write off goodwill in its power division, primarily from a large acquisition it made in 2015.
Mexican President Enrique Pena Nieto said on Monday the trade agreement finalized on Sunday between the United States, Mexico and Canada is a “win” for all three countries.
Two former Apple Inc engineers on Monday gave new details about the sensor system their startup company, Aeva Inc, is making to help self-driving cars see the world around them.
Fiat Chrysler’s new boss unveiled his management team on Monday, seeking to revive the automaker in Europe, forge ahead in North America and keep the group in contention in the industry’s race to develop self-driving and electric cars.
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