EBay CEO Devin Wenig steps down, cites differences with board
EBay Inc Chief Executive Officer Devin Wenig stepped down on Wednesday, citing differences with the company's recently revamped board, which is looking to sell some of its businesses.
EBay Inc Chief Executive Officer Devin Wenig stepped down on Wednesday, citing differences with the company's recently revamped board, which is looking to sell some of its businesses.
The chief executive of e-cigarette maker Juul stepped down on Wednesday, with his company beset by a regulatory backlash against vaping, and merger talks between its biggest investor Altria and Philip Morris collapsed.
Chicago Federal Reserve bank president Charles Evans said on Wednesday that the Fed may be able to avoid future repo market problems simply by increasing its balance sheet rather than setting up new market tools.
Prudential will spin off its UK and European insurance and asset management business M&G in October, Britain's largest insurer said in a prospectus published on Wednesday, dividing the insurance giant into two large-cap stocks.
General Motors Co and the union that represents its 48,000 striking hourly workers in the United States have made progress in talks toward a new deal but are grappling with the pay and job security of newer and temporary workers, two people familiar with the talks said on Wednesday.
Boeing Co has settled the first claims stemming from the crash of a Lion Air 737 MAX in Indonesia, a U.S. plaintiffs' lawyer said, and three other sources said that families of those killed will receive at least $1.2 million apiece.
Sales of new U.S. single-family homes rebounded more than expected in August, the latest sign that the struggling housing market was starting to get a lift from lower mortgage rates.
U.S. stock indexes edged lower on Wednesday as a move to launch an impeachment inquiry into President Donald Trump more than offset gains in shares of Nike and Philip Morris.
Elliott Management Corp on Wednesday renewed its demand for Marathon Petroleum Corp to split into three companies, saying such a move would boost shareholder value by as much as $40 billion.
Ford Motor Co said on Wednesday it will add Austin, Texas, to the short list of cities where it plans to launch a commercial transportation service using automated vehicles in 2021.
Saudi Arabia is in consultation "with friends and allies about the next steps to take" after an attack on Sept. 14 on the world's biggest crude oil processing facility, but is waiting for the findings of an investigation, Saudi Arabia's Minister of State for Foreign Affairs Adel al-Jubeir told reporters on Wednesday.
The United States is imposing new sanctions on certain Chinese entities and people who it accuses of knowingly transferring oil from Iran in violation of Washington's curbs on Tehran, U.S. Secretary of State Mike Pompeo said on Wednesday.
Volkswagen's chief executive and chairman will stay in office, the company's supervisory board said in a statement on Wednesday, a day after German prosecutors pressed charges against them for their role in a diesel emissions scandal.
The call for Marathon Petroleum to split into separate businesses is gaining momentum among activist investors.
Bernie Sanders wants to change the way your credit score is calculated.