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.
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SEOUL - Korea Aerospace Industries has signed a contract with Iraq to export 24 light fighter jets valued at $1.1 billion, the South Korean company said on Thursday.
- 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.
MUMBAI - India's GMR Infrastructure Ltd has hired four banks including Citigroup and JPMorgan to manage the listing of its airport business that is expected to raise $300-$350 million, sources with direct knowledge of the matter said.
MEXICO CITY - Mexico's Congress was on Thursday poised to complete approval of the biggest overhaul of its oil industry since nationalization 75 years ago, opening the door to investment by oil majors in a bid to reverse falling output.
Today, GM announced its new CEO will be Mary Barra, the company's current head of global product development.