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.
- Stanley Fischer, who led the Bank of Israel for eight years until he stepped down in June, has been asked to be the Federal Reserve's next vice chair once Janet Yellen takes over as chief of the U.S. central bank, a source familiar with the issue said on Wednesday.
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.