Ford ousts CEO in shakeup at Dearborn
Ford Motor replaces Mark Fields with Jim Hackett amid driverless car upheaval. Hackett vows to boost Ford culture and speed, as shareholders push for turnaround after a 40 percent stock drop since 2014 and declining net income. Hackett, 62, leads Smart Mobility and has prior turnarounds at Steelcase and Michigan athletics.
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France and Germany push to strengthen eurozone ties
Germany and France plan a panel to propose steps for a stronger eurozone ahead of a July bilateral summit. They consider a joint or harmonized corporate tax approach, with broader reforms sidelined by EU consensus needs. Le Maire and Schaeuble also eye economic policy coordination and Brexit opportunities for growth.
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States push laws to cut food waste and fix labels
States move to curb edible food loss 30 to 40 percent of US total. Laws in California Connecticut Massachusetts Rhode Island Vermont limit landfill dumping of organic waste while Maryland New Jersey New York weigh similar rules. Businesses and apps pair surplus food with buyers and donors gain tax breaks and clarity on use by versus sell by labels.
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Tech and defense rise lift stocks on Monday
U S markets gained with technology firms and defense contractors leading the rally. The S P 500 rose 0.5 percent to 2394.02 while the Dow added 89.99 points to 20894.83 and the Nasdaq climbed 0.8 percent to 6133.62 as Qualcomm Cisco Adobe and Autodesk posted gains.
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