Ford’s Jim Hackett is out as CEO, to be succeeded by Jim Farley as restructuring plan fails to reignite stock

Ford Motor CEO and President Jim Hackett will unexpectedly retire in the midst of an $11 billion restructuring plan that has failed to impress investors. Hackett, 65, will be succeeded by his heir apparent, Jim Farley, Ford’s chief operating officer, effective Oct 1. Farley, 58, will work with Hackett on a “smooth leadership transition over […]

U.S. to investigate Kodak’s government loan deal, Trump says

The U.S. government will quickly investigate the circumstances surrounding Eastman Kodak Co’s announcement of a $765 million (585.31 million pounds) government loan to make drugs at its U.S. factories, President Donald Trump said on Tuesday. The company’s shares closed down 3.61% at $14.40 after the Wall Street Journal reported earlier that the U.S. Securities and […]