Penn West Petroleum Ltd., the Canadian energy producer that has dropped 58 percent in two years, is increasing its chance for recovery by appointing a new chief executive officer to cuts costs and weigh asset sales.
Toyota Motor Corp.’s RAV4 was an oddity when it went on sale in the mid-1990s: a tiny, low-priced alternative to hulking sport-utility vehicles such as its own 4Runner and Ford Motor Co.’s Explorer. It was a hit.
Several of the biggest TMX Group Inc. shareholders say they plan to support London Stock Exchange Group Plc’s C$3.2 billion ($3.2 billion) takeover offer because of potential for cost savings and more comprehensive services.
Mark Reuss remembers the day, 20 years ago, when his father’s career was blindsided. Reuss had a tuxedo hanging in his car to wear that night to a long-planned event honoring his father’s 35-year career at General Motors Corp. when his mother called.
When it came time for U.S. regulators to certify the safety of Boeing Co.’s 787 Dreamliner and its new technologies, they relied on the planemaker’s engineers to oversee final tests and vouch for their company’s work.
General Motors Co. is developing a Buick brand car using the Chevrolet Volt’s plug-in hybrid technology as the automaker expands its line of fuel-efficient vehicles, according to two people familiar with the project.