Business & Finance News
Thousands of small-scale traders in India are planning to organize protests against Amazon.com Inc founder Jeff Bezos, who will visit the country next week for a company event and potential meetings with government officials.
Japanese authorities have requested the International Criminal Police Organization (ICPO) for an Interpol wanted notice for the wife of former Nissan Motor boss Carole Ghosn, local media reported on Saturday.
Thousands of striking Cambodian workers of a Hong Kong-listed casino company returned to their jobs on Saturday after winning wage increases and the reinstatement of a suspended union leader in a rare labor victory.
A former chairman of the China Development Bank, Hu Huaibang, has been expelled from the country’s ruling Communist Party for serious violations of discipline, the party’s graft watchdog said on Saturday.
Mercedes-Benz will build smart-branded electric cars with Zhejiang Geely Holding Group [GEELY.UL] in the Chinese city of Xian from a base with annual capacity of around 150,000 vehicles, a senior official from its German parent Daimler AG said on Saturday.
Japanese authorities have requested the International Criminal Police Organization (ICPO) for an Interpol wanted notice for the wife of former Nissan Motor boss Carole Ghosn, local media reported on Saturday.
Boeing Co’s ousted chief executive officer, Dennis Muilenburg, is leaving the company with $62 million in compensation and pension benefits but will receive no severance pay in the wake of the 737 MAX crisis.
WarnerMedia’s news channel CNN, owned by AT&T Inc , on Friday agreed to pay $76 million in backpay to settle a long-standing dispute over the termination of a contract with camera operators Team Video Services (TVS).
Boeing Co’s ousted chief executive officer, Dennis Muilenburg, stands to receive $62 million in long-term incentive, stock awards and pension benefits, but forfeited $14.6 million and will receive no severance, the planemaker said in a regulatory filing on Friday.
U.S. stocks fell on Friday from record-high levels as investors took profit and data showed slower-than-expected December U.S. jobs growth, but the major indexes posted gains for the week.
Muilenburg was fired from the job in December as the company failed to contain the fallout from a pair of fatal crashes that halted output of its bestselling 737 MAX jetliner and tarnished its reputation with airlines and regulators.
(Reporting by Ankit Ajmera in Bengaluru; Editing by Shounak Dasgupta)
Boeing Co’s biggest supplier, Spirit AeroSystems Holdings Inc , said on Friday it plans to lay off more than 20% of the workforce at its Wichita-Kansas base as it grapples with halted production and uncertainty over when 737 MAX jets will return to service.
The Federal Aviation Administration (FAA) said on Friday it was seeking to fine Boeing Co $5.4 million, alleging it failed to prevent the installation of defective parts on 737 MAX airplanes.
Shares of Facebook , which have been doggedly crawling their way back from a historic slump after lapses in users’ privacy sparked fears of lower profits, on Friday struck an intra-day record high for the first time in over a year.
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