VW board, workers support top managers despite indictment
Volkswagen’s supervisory board and workers on Wednesday gave their backing to the carmaker’s top managers a day after German prosecutors pressed charges related to the...
Elliott renews call to split Marathon Petroleum
Elliott Management Corp on Wednesday renewed its demand for Marathon Petroleum Corp to split into three companies, saying such a move would boost shareholder value...
Mexico markets slump on worries about Trump inquiry and trade deal
Mexico’s peso and stock market slumped on Wednesday in response to an impeachment inquiry against U.S. President Donald Trump, with trade experts warning the probe...
Juul boss exits in vaping crisis as Philip Morris, Altria end merger talks
The chief executive of e-cigarette maker Juul stepped down on Wednesday, with his company beset by a regulatory backlash against vaping, and merger talks between...
U.S. transport chief warns against mixed messages on Boeing’s 737 MAX
U.S. Transportation Secretary Elaine Chao warned regulators on Wednesday against sending conflicting messages as they work to ensure Boeing’s 737 MAX is safe to resume...
Exclusive: Boeing settles first Lion Air lawsuits for at least $1.2 million apiece – sources
Boeing Co has settled the first claims stemming from the crash of a Lion Air 737 MAX in Indonesia, a U.S. plaintiffs’ lawyer said, and...
German authorities raid Deutsche Bank over Danske scandal
German authorities have raided Deutsche Bank’s Frankfurt headquarters and are searching for information related to Danske Bank and a money laundering scandal, Frankfurt prosecutors said...
EBay CEO Devin Wenig steps down, cites differences with board
EBay Inc Chief Executive Officer Devin Wenig stepped down on Wednesday, citing differences with the company’s recently revamped board, which is looking to sell some...
Exclusive: GM and UAW union making progress in talks for new labor deal – sources
General Motors Co and the union that represents its 48,000 striking hourly workers in the United States have made progress in talks toward a new...
Wall Street ticks lower as Trump impeachment threat weighs
U.S. stock indexes edged lower on Wednesday as a move to launch an impeachment inquiry into President Donald Trump more than offset gains in shares...