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.
Recent Business News
- PepsiCo is set to replace Coca-Cola as the beverage supplier to restaurant chain Buffalo Wild Wings , the New York Times reported on Wednesday.
SINGAPORE - A former Morgan Stanley banker convicted of insider trading will have to pay more than 290 investors a total of HK$23.9 million ($3.08 million) they lost out on, a Hong Kong court ordered on Thursday, in an unprecedented legal ruling.
MOSCOW - President Vladimir Putin conceded for the first time on Thursday that Russia's economic problems were home-grown but vowed not to abandon the spending promises he made on returning to the Kremlin last year.
- 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.
Today, GM announced its new CEO will be Mary Barra, the company's current head of global product development.