Ford Replaces CEO Amid Pressure on Profit, Share Price

Ford is replacing CEO Mark Fields with Jim Hackett, who heads its innovation unit. The company has been considering leadership changes amid dissatisfaction with the stock price and a drive to clarify strategy.

 
Huntsman Strikes Merger Deal With Clariant

Huntsman Corp. and Switzerland's Clariant AG struck a deal to merge, creating a chemicals giant worth about $14 billion as companies in the industry seek ways to cut costs and boost revenue.

 
Citigroup to Tap Nasdaq for Blockchain Payment Technology

Citigroup Inc. and Nasdaq Inc. are partnering to match up the blockchain with real money.

 
Boeing Sees Potential Widebody Jet Sale to Saudi Airline

Boeing Co. said Sunday it had agreed to the potential sale of 16 widebody jets to a Saudi Arabian airline and a range of equipment for the country's armed forces.

 
Iraq, Saudi Arabia in Last-Minute Summit to Salvage OPEC Cuts Extension

Iraq has become a potential obstacle to OPEC's efforts to continue cutting output into next year, representatives of the cartel said, prompting Saudi Arabia's energy minister to fly to Baghdad for meetings.

 
Solar-Energy Giant Was Manipulating Sales Data, Say Former Managers

Former managers at one of the largest U.S. solar-energy companies say they manipulated a key sales metric around the time of the company's 2015 initial public offering.

 
Arconic and Elliott Reach Resolution to End Proxy Contest

Arconic struck a deal to give hedge fund Elliott Management seats on its board of directors, a settlement that ends a bruising five-month battle days before the vote.

 
Baidu Falls Behind in Race to be China's Netflix

Baidu could miss out as Chinese tech majors try to build up their online video content.

 
PPG Chief Paints Ambitious Picture in Bid for Dutch Rival

PPG Industries, the world's largest paint maker, may seem as exciting as watching its products dry. But Chief Executive Michael McGarry, a bowler who likes to keep a low profile, is pursuing Dutch rival Akzo Nobel, in one of the boldest trans-Atlantic bids in recent memory.

 
Airbus Seeks Outside Help to Review Compliance Amid Corruption Probes

European plane maker Airbus has established a new compliance review group led by outsiders amid allegations of corruption being investigated by British and other fraud watchdogs.

(END) Dow Jones Newswires

May 22, 2017 11:00 ET (15:00 GMT)

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