Recent Business News
MUENCHEN Volkswagen's luxury brand Audi will replace four out of seven management board members, three sources said on Friday.
MILAN Telecom Italia will name Vivendi's Amos Genish as its general manager on Friday as the French media giant tightens its grip on the Italian phone group, where it is the largest shareholder.
Exxon Mobil Corp, the world's largest publicly traded oil producer, said on Friday its quarterly profit nearly doubled on surging margins at its operations outside the United States, but results fell shy of Wall Street's expectations.
American Airlines Group Inc on Friday reported quarterly revenue and adjusted profit that beat analyst projections, helped by strong passenger demand and improving average fares.
JPMorgan Chase & Co is pushing for fresh cost cuts of about $200 million in the unit that oversees Sapphire Reserve credit card, the Wall Street Journal reported on Friday.