VW's New CEO Expected to Replace Management of Ailing Software Unit
In his first major restructuring move since becoming chief last year, Oliver Blume is expected to oust Cariad's leadership after the venture caused delays to new model launches.
Ford, Tesla CEOs Exchange Jabs and Praise Amid Heated EV Rivalry
The banter between Ford's Jim Farley and Tesla's Elon Musk is a continuation of years of exchanges that have veered between playful barbs and mutual admiration.
Ares Sets Sights on $10 Billion for Direct Loan Fund
The credit specialist aims to ride a wave of demand for private credit as banks retreat from leveraged buyouts.
U.S. Sanctions Drive Chinese Firms to Advance AI Without Latest Chips
Chinese companies racing to catch up with U.S. AI leaders get creative as they are cut off from the most advanced chips.
Buffett and Munger on Success, Toxicity and Elon Musk
The Berkshire Hathaway CEO, with his business partner Charlie Munger, spent hours this weekend discussing life and career choices.
Virgin Galactic Aims for Space Tourism Launch After Delays
The company has reported $1.5 billion in operating losses amid difficulties developing vehicles.
Banks Are in the Grips of Investor Crisis of Confidence
First Republic Bank's failure demonstrates why lenders are vulnerable to a loss of faith.
Westpac First-Half Net Profit Rises 22%
Westpac said its first-half net profit rose by 22% on year, driven by a higher net interest margin, alongside growth in home and business loans.
'Guardians of the Galaxy Vol. 3' Delivers $100 Million-Plus Debut for Disney's Marvel
The third installment of director James Gunn's trilogy tallied $114 million in domestic ticket sales this weekend, giving Marvel Studios a strong but tepid start to the aging franchise.
Elon Musk's Goal for Twitter: 'Unregretted User-Minutes'
Six months into running the social-media company, the billionaire is talking about his own metric of success.
(END) Dow Jones Newswires
05-07-23 2115ET
