Airbus's Top Brass to Exit Amid Turmoil at Europe's Plane Giant

Airbus confirmed that Chief Executive Tom Enders would depart in 2019 and the company's No. 2, Fabrice Brégier, would leave next year, in a major upheaval for the plane maker.

 
Airbus Upheaval Triggers Search for New CEO

Airbus is hunting for a new chief executive to navigate it through a spell of heavy turbulence, with Europe's largest plane maker facing investigations over alleged corruption and far-reaching departures among its senior ranks.

 
Steinhoff's Interim Chief Resigns Amid Accounting Probe

Embattled retail giant Steinhoff International Holdings NV said its executive chairman, who was supposed to pick up the pieces after the company's chief executive resigned last week amid accounting irregularities, has stepped down.

 
Deutsche Bank Had Flagged Manafort-Related Transactions

Deutsche Bank earlier this year flagged around $30 million in potentially suspicious transactions as part of an internal investigation into its role as a conduit for money involving Paul Manafort or people and entities connected to him, according to a person briefed on the matter.

 
Disney's Iger Could Receive Stock Awards Worth Up to $142 Million

Walt Disney Chief Executive and Chairman Robert Iger could receive as much as $142 million worth of stock, at the current share price, under a new employment agreement.

 
New York Times Publisher Arthur Sulzberger Jr. to Retire

The New York Times announced publisher Arthur Sulzberger Jr. will retire at the end of the year and that his son, Arthur Gregg "A.G." Sulzberger, will be appointed to the job.

 
CSX Head Takes Medical Leave

The railway's chief executive, Hunter Harrison, has taken a medical leave of absence due to unexpected complications from a recent illness.

 
Property Data Firm Xceligent Files for Chapter 7 Protection

The board of Xceligent Inc., one of the largest commercial real-estate data firms in the U.S., has filed for chapter 7 liquidation following a year-long legal battle with rival CoStar Group Inc. over alleged data theft.

 
China's HNA Starts Bond Buyback to Ease Investor Worries

HNA said it bought back some of its bonds following recent price declines, another attempt to calm investors' concerns about its liquidity and financing pressures.

 
Elliott Preps for Potential Fight With Hess, Seeking CEO Ouster

Elliott Management Corp. is preparing for a possible tussle with Hess Corp., hoping to either remove John B. Hess as chief executive or push him to consider selling all or part of the energy company.

(END) Dow Jones Newswires

December 15, 2017 05:15 ET (10:15 GMT)

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