Mercedes-Benz to build smart brand cars with Geely in China’s Xi’an: senior exec
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...
Boeing’s ousted CEO departs with $62 mln, even without severance pay
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...
WarnerMedia’s CNN to pay $76 million to settle dispute with Team Video Services
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...
Boeing’s ousted CEO departs with $62 million, even without severance pay
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...
U.S. regulator seeks to fine Boeing $5.4 million for defective parts on 737 MAX planes
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...
Boeing says ousted CEO Muilenburg not entitled to severance payment
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...
GM to revive Hummer name with electric pickups, SUVs: sources
General Motors Co will revive the Hummer name to sell a new family of electric pickup trucks and sport utility vehicles and will tout the...
Facebook’s stock hits record high, signaling recovery after extended historic slump
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,...
Wall Street trades near record high, brushes off weak jobs data
U.S. stocks hovered near all-time highs on Friday, as easing Middle East tensions and gains in popular technology stocks offset concerns about slower-than-expected December jobs...
Uber to exit Colombia on Jan. 31 after court ruling
Uber Technologies Inc will stop operating in Colombia from the end of this month, following a court order late last year, the ride-hailing company said...