WASHINGTON/PARIS - Ford Motor replaced Chief Executive Officer Mark Fields with James Hackett, the head of the unit developing self-driving cars, in response to investors' growing unease over the U.S. carmaker's stock performance and prospects.
Business & Financial News, U.S & International Breaking News
Wall Street extends gains as defense, tech stocks rise
Wall Street extended gains in early afternoon trading on Monday, boosted by technology shares and as defense companies rose after the United States and Saudi Arabia signed a multi-billion dollar arms deal.
Billy Bush on Trump tape: didn't have "strength" to change topic
Former NBC "Today" show host Billy Bush wishes he had changed the subject during a taped conversation with Donald Trump, in which the Apprentice star bragged about grabbing women by the genitals, Bush said in an interview with the entertainment magazine, The Hollywood Reporter.
Turkey says summons U.S. envoy over Washington street brawl
Turkey summoned the U.S ambassador to Ankara on Monday to protest the treatment of Turkish security officials in the United States during a visit by President Tayyip Erdogan last week, the foreign ministry said.
New England prep school: 13 past staffers engaged in sexual misconduct
An elite New Hampshire prep school acknowledged on Monday that 13 former members of its staff engaged in sexual misconduct with students in incidents dating back decades, following an independent review by a Boston law firm.
Venezuela prosecutor decries Maduro's new congress plan, deepening rift
Venezuela's state prosecutor has panned unpopular President Nicolas Maduro's plan to create a grassroots congress, deepening a rare public split among the ruling Socialists as two months of massive protests show no sign of abating.
Rattled UK PM May forced into 'dementia tax' U-turn after poll lead halves
British Prime Minister Theresa May was forced to backtrack on one of her most striking election pledges on Monday to force elderly people to pay more for their social care after her party's opinion poll lead halved in just a few days.
Exp: May 17
Exp: May 17
Exp: May 17
Puerto Rico's federal oversight board has sought bankruptcy protection for the island's highway authority and largest public pension, making them the latest commonwealth entities to turn to a court to work out debt.