South Korea’s trade regulator will file criminal complaints against Volkswagen and five of its executives and impose a heavy fine on the German auto maker over advertising claims that its cars met emissions regulations.
The dollar is on a tear, and that is shaping corporate strategy on both sides of the Atlantic. U.S. exporters are bracing for tough times. For European exporters, by contrast, the dollar’s strength has created opportunity.
CEO Howard Schultz’s plan to turn over leadership of coffee retailer Starbucks to President Kevin Johnson while staying on to run a major project is unusual, but he insists he will step back from day-to-day decision making.
IKEA plans to incorporate more of its stores into larger developments containing hotels, homes and offices as it works to adapt to growing urban populations by locating its stores more centrally, its chief executive said.
When Federal Reserve officials meet next week, agreeing to raise short-term interest rates will be the easy part. The trickier task could be debating the likely path of interest rates in the months and years ahead.
President-elect Donald Trump suggested the U.S. government should cancel a planned order with Boeing for a new version of Air Force One, making the aircraft maker the latest company to come under scrutiny by the incoming commander-in-chief.
Randy Phillips is starting as chief executive this week at LiveStyle, the dance-festival conglomerate formerly known as SFX Entertainment, which filed for bankruptcy in February. In recent months he has been crafting a strategy that includes broadening the company’s music appeal.