Ford’s incoming COO focuses on cost cuts, launches, change
Ford Motor Co’s incoming chief operating officer outlined his priorities for the company’s turnaround on Wednesday, including cost cuts and more efficient new-vehicle launches in...
Bayer chairman quits as Roundup settlement talks progress
Bayer Chairman Werner Wenning, one of the architects of a $63 billion takeover deal that has left the German crop protection company fighting costly lawsuits,...
Britain’s Lloyds to cut 780 jobs: union
Britain’s biggest domestic bank Lloyds is planning to axe 780 jobs as part of ongoing cost-cutting at the lender, union Unite said on Wednesday....
U.S. crude drops below $50 as Washington warns of a global pandemic
U.S. crude dropped below $50 on Wednesday, the lowest level since January 2019, as Asia, Europe and oil producing countries in the Middle East reported...
European Commission says too early to assess coronavirus impact on EU economy
It is still too early to assess the impact of the coronavirus outbreak on the European Union economy, the bloc’s economics commissioner Paolo Gentiloni said...
Bayer chairman quits after making progress to settle litigation
Bayer , which is fighting claims its weedkiller Roundup causes cancer, said its Chairman Werner Wenning was stepping down because the drugs and crop protection...
Toyota says Japan plants may be affected by virus-related supply issues
Toyota Motor Corp on Wednesday said that operations at its plants in Japan may be affected by supply chain issues linked to the new coronavirus...
World shares slump for fifth day, bets grow on interest rate cuts to counter damage
World stocks tumbled for the fifth straight day on Wednesday, while safe-haven gold rose back towards seven-year highs and U.S. bond yields held near record...
Profits surge at Peugeot maker PSA ahead of Fiat merger
Peugeot maker PSA Group said its profitability reached a record high in 2019 but the French carmaker forecast falling industry sales in Europe this year...
Starbucks to launch Beyond Meat plant-based breakfast sandwich in Canada
Starbucks Corp said on Wednesday its Canadian stores will start selling a Beyond Meat Inc plant-based breakfast sandwich next week, the first time the world’s...