Ghosn Resigns as Renault CEO Amid Detainment in Japan

Renault Chief Executive and Chairman Carlos Ghosn has resigned. The French car maker's board is meeting Thursday to replace him, removing an obstacle to a sustainable relationship with Nissan.

 
Why Renault Wants a Corporate Diplomat to Replace Ghosn

French auto maker Renault's likely new chairman faces market expectations so low he may be able to exceed them.

 
U.S. Believes It Doesn't Need to Show 'Proof' Huawei Is a Spy Threat

The chairman of Huawei pushed back against claims his company conducts espionage for the Chinese government. But the U.S. says that Huawei's very structure makes the company a potential tool for espionage and thus a security threat.

 
Tropicana in Glass Bottles? Big Brands to Test Refillable Containers

Procter & Gamble, Nestlé, PepsiCo and other companies will test selling their products in reusable containers to address concerns about plastic waste.

 
BuzzFeed to Cut 15% of Its Workforce

BuzzFeed is planning to lay off about 15% of its workforce, as the company seeks to reorient itself in a shifting digital-media landscape.

 
Advocacy Groups Urge FTC to Pursue Facebook Breakup

Several advocacy groups are urging the FTC to seek a breakup of Facebook as the agency weighs possible penalties against the social media company for privacy violations.

 
Hydro One and Avista Terminate Deal

Hydro One has terminated its planned purchase of Avista after the deal encountered multiple regulatory setbacks in the U.S.

 
Vertex Pharmaceuticals Fires Executive for Conduct Violation

Vertex Pharmaceuticals Inc. said Wednesday that it fired a high-ranking executive for unspecified personal behavior that violated the drugmaker's code of conduct.

 
Ford Swings to a Loss, Misses Analysts' Profit Estimates

Ford's fourth-quarter operating income dropped 28% amid worsening losses in China and Europe, underscoring the pressure on the auto maker's stout U.S. business as Chief Executive Jim Hackett tries to revitalize the company.

 
Biotech Firm Files to Go Public With Workaround Amid IPO Freeze

Gossamer Bio has filed to go public using a rare workaround that would let it wriggle into the public markets in the midst of the government shutdown, and an energy company is likely to make the same move soon.

(END) Dow Jones Newswires

January 24, 2019 05:15 ET (10:15 GMT)

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