Elliott Management Corp on Wednesday renewed its demand for Marathon Petroleum Corp to split into three companies, saying such a move would boost shareholder value by as much as $40 billion.
Ford Motor Co said on Wednesday it will add Austin, Texas, to the short list of cities where it plans to launch a commercial transportation service using automated vehicles in 2021.
Thyssenkrupp said it was preparing to replace Chief Executive Guido Kerkhoff, making him the latest casualty at the German steel-to-submarines conglomerate which has been in crisis mode for more than a year.
German authorities have raided Deutsche Bank’s Frankfurt headquarters and are searching for information related to Danske Bank and a money laundering scandal, Frankfurt prosecutors said on Wednesday.
Mexico’s President Andres Manuel Lopez Obrador said on Wednesday that he does not want the ratification of the new U.S.-Mexico-Canada (USMCA) trade agreement left until the eve of the November 2020 presidential election in the United States.
EBay Inc said on Wednesday Chief Executive Officer Devin Wenig has stepped down and the e-commerce company named its finance head Scott Schenkel as interim CEO.
An unprecedented bidding war has erupted over German lighting group Osram , with private equity group Bain swapping partners to team up with Advent to prepare to outbid Austria’s AMS .
U.S. stock indexes were set to open flat on Wednesday as a move to launch an impeachment inquiry into President Donald Trump unnerved investors, but a jump in shares of Nike and tobacco companies helped dispel some gloom.
Nike Inc’s online sales growth and a bullish outlook in China put it on a firm path for years to come and should help it easily ride out rises in U.S. import tariffs on its Chinese-made sneakers, Wall Street analysts said on Wednesday after a strong set of quarterly results.
Boeing Co’s board of directors said on Wednesday it created a new permanent safety committee to oversee development, manufacturing and operation of its aircraft and services in the aftermath of two fatal 737 MAX crashes.
German authorities have been in the process of seeking information at Deutsche Bank’s Frankfurt headquarters since Tuesday in relation to Danske Bank and a money laundering scandal, Frankfurt prosecutors said on Wednesday.
Alphabet Inc’s Google will stop showing news snippets from European publishers on search results for its French users, complying with a new European copyright law, the company said on Wednesday.
U.S. stock index futures edged lower on Wednesday as a move to launch an impeachment inquiry into President Donald Trump injected a fresh dose of uncertainty, with forecast-beating results from Nike Inc helping dispel some gloom.
Thomas Cook’s Polish business Neckermann Polska said on Wednesday it was insolvent as the effects of the demise of the world’s oldest travel firm spread to central Europe, leaving around 3,600 Polish tourists stuck abroad.
German auto and defense supplier Rheinmetall and engineering group Voith are vying for transmissions maker Renk, which Volkswagen has put up for sale to free up funds for investment in electric vehicles, people close to the matter said.
Copyright 1997-2019 Wall Street Reporter / Octagon Media Corp.
