General Electric Co Chief Executive Officer John Flannery abruptly stepped down on Monday just over a year after taking the role, and the company announced a $23 billion charge related to its struggling power business.
Electric cars are poised to arrive en masse in European showrooms after years of hyped concept-car launches and billions in investment by automakers and suppliers.
OPEC delivered only a limited increase in oil production in September, a Reuters survey has found, as a cut in Iranian shipments due to U.S. sanctions offset higher output in Libya, Saudi Arabia and Angola.
Pfizer Inc on Monday named operating chief Albert Bourla as its next chief executive officer, replacing Ian Read who held the top post at the drugmaker for the last eight years.
General Electric Co Chief Executive Officer John Flannery stepped down on Monday after a year in charge as the company announced a $23 billion charge related to its power business.
Donald Trump on Monday praised Canada’s entry into a reworked NAFTA pact with the United States and Mexico after the two countries forged a last-minute agreement to salvage the trilateral trade accord, delivering a key win for the U.S. president.
U.S. stock futures pointed to a rise on Monday after the United States and Canada clinched a last minute deal to save NAFTA as a trilateral pact with Mexico, boosting hopes for progress in talks with other countries at the start of the fourth quarter.
The U.S. housing market, already struggling with tight inventory and rising building costs, faces a fresh headwind as 30-year mortgage rates rise close to the 5 percent threshold for the first time in years.
Pfizer Inc said on Monday its Chief Executive Officer Ian Read would step down at the start of next year.
U.S. President Donald Trump on Monday praised Canada’s entry into a reworked trade deal with the United States and Mexico after the two countries forged a last-gasp agreement on Sunday to salvage the NAFTA.
Qatar Airways said on Monday it was upgrading five of its Airbus A350 jets on order to the largest model, in a boost for the European planemaker’s largest twin-engined jet.
Marriott International plans to increase its hotels in Africa by 50 percent in the next five years, opening new facilities in markets where it already operates and venturing into new ones like Mozambique, the company said on Monday.
At a time when auto companies in the developed world are facing a squeeze on their profits from cash-rich tech firms, Vietnam is betting car-making can be a ticket t o a more prosperous economy, just as it was for the likes of Japan and South Korea.
Optimism about a reconstituted free trade agreement among the United States, Canada and Mexico and what it could mean for trade relations elsewhere helped world markets kick off the fourth quarter of the year in a positive vein.
Luxury British carmaker Aston Martin has cut the upper end of its initial public offering price range to 20 pounds per share, giving it a potential market value of up to 4.6 billion pounds ($6 billion), following mixed feedback from investors.
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