Ford names Jim Farley as new Ford CEO succeeding Hackett
Ford Motor Co. announces CEO Jim Hackett will retire after leading since 2017 with Jim Farley to take the helm on October 1 and join the board. Hackett, 65, will serve as special adviser through March 2021. Farley, 58, previously COO, has led Ford's marketing and regional operations and now prioritizes flawless product launches and a broader affordable lineup.
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Kodak stock surge tied to $765 million government loan probe
Questions arise over Kodak after a government loan to boost domestic drug production, triggering SEC scrutiny for possible insider trading. Warren seeks SEC probe as stock soars then plunges after a complex debt-to-equity conversion. Regulators weigh trading frenzy and preannouncement sharing by reporters.
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Gettelfinger Denies GM Bribery Claims in UAW Scandal
Former UAW president Ron Gettelfinger rejects GM allegations that Fiat Chrysler bribed union officials to inflict higher labor costs on GM. GM claims FCA bribed Gettelfinger and others via foreign accounts to push a merger, part of a wider probe that has already charged 10 union officials.
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