DETROIT/NEW YORK - Ford Motor Co's board of directors plans to press Chief Executive Alan Mulally soon for a decision on his future, as speculation intensifies that he may be offered the job of CEO at Microsoft Corp.
- Asian shares slide to 2-1/2 month low on Fed tapering anxiety
- Israel's Fischer picked to be next Fed vice chair: source
- Analysis: Europe no longer the bane of U.S. corporate profits
- Centerbridge Partners offers to buy LightSquared for $3.3 billion: WSJ
- Apple scores legal victory over Samsung in South Korea
Recent Business News
- JPMorgan Chase & Co and federal authorities are nearing settlements over the bank's relationship with convicted Ponzi schemer Bernard Madoff, striking tentative deals that would involve about $2 billion in penalties and a rare criminal action, the New York Times reported.
NEW YORK - Morgan Stanley has launched a formal effort to sell its controlling stake in U.S. oil terminal and transport business TransMontaigne, four sources said on Wednesday, following other Wall Street powerhouses in yielding to intense regulatory pressure to get out of commodity investments.
- Standard & Poor's on Wednesday said Facebook Inc will join its S&P 500 stock index after the close of trading on December 20, cementing the social media network's rise into one of the biggest, most powerful U.S. companies.
DETROIT - With General Motors Co in recent days setting in motion big changes around the globe, the focus for new Chief Executive Mary Barra and her team will be making cars and trucks that prove popular enough to help end losses in Europe, analysts said.
Today, GM announced its new CEO will be Mary Barra, the company's current head of global product development.