Jeff Immelt to Step Down as CEO of GE; Flannery Takes Role
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GE said that Jeff Immelt would step down as its CEO, a move that had been expected by some company watchers. He will be replaced by the head of the company's health-care business, John Flannery.
Uber Executive Emil Michael Leaves Company
Emil Michael, Uber Technologies Inc.'s business chief and one of CEO Travis Kalanick's closest lieutenants, has left after the board pushed for his removal following a months-long investigation into the company's workplace culture.
Facebook Feature to Allow Subscriptions to News Publications
Facebook may soon help its users do something unfamiliar on the platform: pay for news by building a feature that would allow users to subscribe to publishers directly from the mobile app.
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Goldman's Green Push Comes With Trading Twist
Goldman Sachs Group Inc. has agreed to buy 68 megawatts of electricity from a Pennsylvania wind farm in an effort to stake a claim in a hot corner of the energy-trading market-and to try to catch up with rivals.
GM's Opel Names New CEO Ahead of Sale to Peugeot
General Motors Co.'s European unit Opel appointed a new chief executive as Peugeot gets set to complete its more than $2 billion acquisition of the perennially money losing car maker.
Fox Tries to Gain Leverage Over Affiliates on Live Streaming
Fox is turning up the heat in a fight with its TV station affiliates over how to bring its programming to streaming-media consumers with a 24-hour feed on Hulu in markets where it hasn't reached deals with local stations.
Andreas Halvorsen's Viking Global Investors to Return $8 Billion
Viking Global Investors LP told clients Monday it would be giving back $8 billion of their money, saying its smaller size would give the stock-picking hedge fund "greater operating flexibility."
Altice USA Sets Price Range for IPO
Altice USA put a price range of $27 to $31 a share on its initial public offering of stock.
Jaguar Land Rover Invests $25 Million in Lyft
Jaguar Land Rover has invested $25 million in Lyft Inc., the latest auto company to strike a deal with the Silicon Valley ride-hailing company.
CST Industries Files for Chapter 11
The maker of oil, gas and agricultural storage tanks plans to sell itself in a 363 sale.
(END) Dow Jones Newswires
June 12, 2017 15:15 ET (19:15 GMT)