Toyota Motor Corp. will elevate the head of Lexus to replace long-time CEO Akio Toyoda, who steered his grandfather’s carmaker to the top of the automotive ranks while leaving a lane open for Tesla Inc. to lead in fully electric vehicles.
Argentina’s plan to repurchase $1 billion of overseas bonds meets the definition for a default, according to Moody’s Investors Service.
German police have detained a second man suspected of passing classified material from the BND foreign intelligence service to Russia, in a case Vice Chancellor Robert Habeck has called “particularly troubling.”
A former Deutsche Bank AG trader cleared of charges that he rigged the Libor benchmark rate is suing for malicious prosecution, becoming the second employee cleared in court to pursue the bank for damages.
President Joe Biden extended a program that allows some Hong Kong residents to remain in the US rather than be deported to the Chinese territory, citing repression by Beijing.
American Airlines Group Inc. expects profit this year to exceed estimates following a slow start, as steady demand for air travel keeps an industry recovery going into 2023.
Dow Inc. plans to cut about 2,000 jobs as the chemical maker seeks $1 billion in savings and confronts a flareup in energy costs that followed Russia’s invasion of Ukraine.
Tesla Inc. shares rose by double-digits after Elon Musk teased potential for the carmaker to produce 2 million vehicles this year and minimize the effects of drastic price cuts to its electric vehicles.
Snap Inc. shares are trading near their cheapest valuation on record, but a myriad of headwinds has investors doubtful over the prospect of a sustainable recovery ahead.
Southwest Airlines Co.’s operations meltdown last month will lead to a first-quarter loss as the fallout extends into 2023 from a fiasco that resulted in thousands of canceled flights and prompted a federal probe into its operations.
