FedEx will eliminate top positions as part of a bigger personnel cut
FedEx Corp (FDX.N) announced on Wednesday that it would trim its officer & director ranks by even more than 10% as part of a...
Distributors prepare for Musk’s demand for concessions; Tesla sparks an EV cost battle
Suppliers to Tesla Inc. (TSLA.O) are preparing for heat from Elon Musk and his crew to further reduce their costs after the electric car...
Nissan and Renault rethink their partnership
On Monday, the French automaker Renault (RENA.PA) and its Japanese ally Nissan (7201.T) reached a comprehensive agreement to restructure their 20-year alliance, putting them...
Rich owners of Americanas claim they were oblivious of financial issues
The billionaire owners of 3G Capital, who make up three of Americanas SA's major owners, claimed on Sunday that they were unaware of the...
The lack of nuclear deal didn’t suppress the Iranian oil exports
Companies that monitor the flows report that despite U.S. sanctions, Iranian oil exports reached new highs in the latter two months of 2022 and...