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UPDATE 1-Boeing CEO Muilenburg 'has done everything right,' says chairman

Boeing Co Chairman Dave Calhoun said on Tuesday the company’s board believed Chief Executive Dennis Muilenburg “has done everything right,” just days after he came under attack from U.S. lawmakers and repeatedly refused to step down at a hearing on two fatal crashes involving Boeing 737 MAX airliners. “He has our confidence,” Calhoun said in a CNBC interview, adding that Muilenburg called him on Saturday and offered to give up much of his compensation for 2019. The board had stripped Muilenburg of his chairman title last month. …read more […]

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Trivago Names New CEO in Surprise Executive Shuffle

In a surprise move, Trivago announced that co-founder and CEO Rolf Schrömgens will step down at the end of the year and be replaced by Chief Financial Officer Axel Hefer. Schrömgens will also give up his board of directors seat, and will join a supervisory board. In turn, the new CFO will be Matthias Tillman, […] …read more […]

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Pain and Happiness

When you watch the financial markets like we do at Investment U, you hear and read a lot about fear and greed.
These are the base emotions that push stock prices up and down. When fear rules, investors tend to sell riskier assets like stocks and flee to “safe haven” assets like U.S. Treasury securities, which are guaranteed.
And when greed dominates, investors move away from those safer investments and put money back into stocks, driving the market up.
Some legendary investors have had a lot of success preying on those herd-like emotions. Warren Buffett, one of the greatest investors of all time, …read more […]

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European factories at risk in Peugeot-Fiat merger

Fiat Chrysler and Peugeot owner PSA’s pledge not to close factories if they merge is likely to come under heavy strain as the combined group would have spare production capacity of almost six million vehicles in a slowing autos market. The companies last week unveiled plans to create a $50 billion group that would leapfrog Hyundai, General Motors, Ford and Honda to become the world’s No.4 automaker, based on their combined 8.7 million vehicles sold last year. The new car and truck making giant would have potential manufacturing capacity of 14 million vehicles, forecasters LMC Automotive told Reuters. …read more […]