Latest Executive changes News

Daimler CEO Zetsche hands off to successor amid tech change

May. 22, 2019 10:03 AM EDT

FRANKFURT, Germany (AP) — Daimler CEO Dieter Zetsche is handing off to his successor after 13 years at the helm warning that the company will need to cut costs to invest in new technologies that are transforming the industry. Zetsche, 66, received prolonged applause from shareholders at the company's...

Trump nominates aerospace executive for Air Force secretary

May. 21, 2019 6:51 PM EDT

WASHINGTON (AP) — President Donald Trump nominated an aerospace executive and former ambassador to Finland to be the next secretary of the Air Force on Tuesday. Trump said in a tweet that he has chosen Barbara Barrett, former chairman of The Aerospace Corporation, to replace Heather Wilson when she steps...

The Latest: Huawei: US actions should worry other firms too

May. 21, 2019 11:35 AM EDT

BEIJING (AP) — The Latest on U.S. restrictions on sales to Chinese technology giant Huawei (all times local): 7:00 p.m. Chinese tech giant Huawei's top executive in the European Union is lashing out at the Trump administration's recently announced trade ban on the company and says other firms should be...

US abstains from global pledge to curb online violence

May. 15, 2019 7:03 PM EDT

PARIS (AP) — The White House is not endorsing a global pledge to step up efforts to keep internet platforms from being used to spread hate, organize extremist groups and broadcast attacks, citing respect for "freedom of expression and freedom of the press." The statement came Wednesday after World leaders...

China retaliates on tariffs, stock markets go into a slide

May. 13, 2019 9:36 PM EDT

BEIJING (AP) — Sending Wall Street into a slide, China announced higher tariffs Monday on $60 billion worth of American goods in retaliation for President Donald Trump's latest penalties on Chinese products. Duties of 5% to 25% will take effect on June 1 on about 5,200 American products, including...

The Latest: Trump threatens more action in China trade fight

May. 13, 2019 7:35 PM EDT

WASHINGTON (AP) — The Latest on the tariffs battle between China and the United States (all times local): 2:35 p.m. President Donald Trump says he's going to take further action to help the nation's farmers in the midst of an escalating trade war with China. Trump is telling reporters that China has been...

Teva and Apple fall while Newmont Goldcorp and NextEra rise

May. 13, 2019 4:35 PM EDT

NEW YORK (AP) — Stocks that moved substantially or traded heavily on Monday: Teva Pharmaceuticals Ltd., down $2.13 to $12.23 The company allegedly conspired with other generic drugmakers to inflate and manipulate prices, according to a lawsuit. Apple Inc., down $11.46 to $185.72 The technology company...

Questions loom for Nissan with former chairman Ghosn gone

May. 13, 2019 12:32 AM EDT

TOKYO (AP) — Nissan is seeing sales and profits tumble, as its once revered former chairman, Carlos Ghosn, awaits trial on charges of financial misconduct. Nissan Motor Co. says it is beefing up corporate governance and sticking with its alliance with French partner Renault SA and smaller Japanese...

Stocks rebound as hopes rise that trade tensions will ease

May. 10, 2019 5:08 PM EDT

Wall Street capped a turbulent week with a late-day rally Friday after shaking off an early slump triggered by the latest escalation in the trade war between the U.S. and China. The market fell sharply in the early going after the U.S. raised tariffs on $200 billion worth of Chinese goods when negotiators failed...

Danish bank in big money laundering scandal taps new CEO

May. 10, 2019 4:06 AM EDT

COPENHAGEN, Denmark (AP) — Denmark's largest bank, which has admitted to massive money laundering at its Estonian subsidiary, has appointed a Dutchman as its new CEO, saying Chris Vogelzang "brings many years of management experience from the financial sector." Danske Bank Chairman Karsten Dybvad said...