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.
- Analysis: Europe no longer the bane of U.S. corporate profits
- Asian shares slide to 2-1/2 month low on Fed tapering anxiety
- Apple scores legal victory over Samsung in South Korea
- Peugeot hit by 1.1 billion euro writedown, trims GM goals
- Japan cabinet approves $53 billion extra budget to fund stimulus
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.
PARIS - PSA Peugeot Citroen is weighing new commercial and industrial projects with partners including China's Dongfeng Motor Group , backed by a capital increase, the French carmaker said on Thursday.
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.
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.
Today, GM announced its new CEO will be Mary Barra, the company's current head of global product development.