General Motors Co unveiled on Thursday its newly designed mid-engine 2020 Corvette in a splashy tribute to its emblematic sports car, even as the No. 1 U.S. automaker faces mounting pressures in a sluggish and uncertain global sales environment.
Oil prices rose nearly 2% on Friday as tensions brewed again in the Middle East after a U.S. Navy ship destroyed an Iranian drone in the Strait of Hormuz, a major chokepoint for global crude flows.
BMW named Oliver Zipse as its new chief executive late on Thursday, praising his "decisive" qualities after the luxury carmaker lost its edge in electric cars and ceded the premium sales crown to Mercedes under his consensus-seeking predecessor.
Oil prices rose on Friday as tensions brewed again in the Middle East after a U.S. Navy ship destroyed an Iranian drone in the Strait of Hormuz, a major chokepoint for global crude flows.
The biggest investor in Aston Martin offered on Friday to buy another 3% stake in the luxury carmaker, whose shares have slumped since listing last year.
Germany's Bayer AG on Friday welcomed a conditional ruling by a U.S. judge calling for a retrial of the case of a couple awarded $2 billion in damages by a jury who found that its glyphosate-based weedkiller caused their cancer.
The International Energy Agency (IEA) doesn't expect oil prices to rise significantly because demand is slowing and there is a glut in global crude markets, its executive director said on Friday.
BMW has named Oliver Zipse as its new CEO, hoping the "decisive" company lifer will help the automaker regain its edge in electric cars and win back the premium market lead lost to Mercedes-Benz under his consensus-seeking predecessor.
U.S.-based beverage and snack maker PepsiCo is planning to acquire South Africa's Pioneer Food Group for around $1.7 billion, the two companies said on Friday, as it targets expansion in Africa.
Global stocks rose on Friday as investors firmed up bets on a U.S. interest rate cut at the end of July after a speech by a top Federal Reserve official further cemented expectations for one, fuelling appetite for risky assets and capping the dollar.
Indian hospitality startup Oyo Founder Ritesh Agarwal raised his stake in the company with a $2 billion buyback, in a move that will bring his ownership closer to biggest investor SoftBank Corp .
Germany's Bayer AG on Friday welcomed a conditional ruling by a U.S. judge calling for the reduction of a $2 billion damages award to a couple by a jury who found that its glyphosate-based weed killer caused their cancer.
PepsiCo has made a $1.7 billion offer to buy South Africa's Pioneer Food Group the companies said on Friday, boosting the target's shares by nearly 30%.
Chinese-owned agricultural chemical maker Syngenta has not been named in litigation involving weed-killer ingredient glyphosate that has hit German rival Bayer , the Swiss-based company's chief financial officer, Mark Patrick, said on Friday.
Germany's Bayer AG welcomed on Friday a call by a U.S. judge to cut a $2 billion damages award to a Californian couple by a jury which found that its glyphosate-based weed killer had caused their cancer.