Business

Top Walmart executive to be appointed International CEO: source

(Reuters) - Wal-Mart Stores Inc Chief Operating Officer Judith McKenna will take up the role of chief executive of its international unit, according to a source with knowledge of the matter.

Business

Adidas targets U.S. market share of 15-20 percent: paper

FRANKFURT (Reuters) - German sportswear maker Adidas wants to increase its U.S. market share to around 15-20 percent from levels that are now "significantly lower", its chief financial officer said.

Business

Exclusive: Lufthansa CEO calls for significant Alitalia cuts - letter

FRANKFURT (Reuters) - Lufthansa sees a need for significant restructuring at Italy's Alitalia before the German group would be prepared to buy the airline, Lufthansa's chief executive said in a letter seen by Reuters, tempering expectations for a quick d

Business

LG Electronics to start operating U.S. washing machine factory in fourth-quarter 2018

SEOUL (Reuters) - South Korea's LG Electronics plans to start operating its new washing machine factory in the United States in the fourth quarter this year, its chief executive said on Thursday.

Business

Kohl's plans to lease unused store space to grocers, convenience stores - CNBC

(Reuters) - Kohl's Corp plans to lease space left vacant after shrinking some of its stores to retailers such as grocery stores or convenience stores, Chief Executive Kevin Mansell told CNBC.

Business

Continental to flesh out possible overhaul by the summer: CFO

BERLIN/HAMBURG (Reuters) - Germany's Continental is in talks with banks about a possible structural overhaul of the auto parts and tire maker and aims to flesh out its plans within six months, its finance chief said.

Business

Abu Dhabi's Etihad appoints former JetBlue executive as group CFO

Abu Dhabi (Reuters) - Abu Dhabi's Etihad Airways said on Tuesday it appointed former JetBlue executive Mark Powers as its new group chief financial officer.

Business

Former WTO, Goldman and BP chief Peter Sutherland dies at 71

DUBLIN (Reuters) - Former World Trade Organization director general Peter Sutherland, who was also a long-serving chairman of oil giant BP and the overseas arm of Goldman Sachs , died on Sunday aged 71.

Business

VW U.S. sales chief quits amid falling deliveries: Automotive News

BERLIN (Reuters) - A senior U.S. sales manager has quit Volkswagen's North America operations, Automotive News reported, just as the carmaker's deliveries in the world's second-largest auto market fall steeply.

Business

Neiman Marcus names Ralph Lauren executive as CEO

(Reuters) - Neiman Marcus Group Ltd [NMRCUS.UL] on Friday named Geoffroy van Raemdonck, an executive at upscale clothing manufacturer Ralph Lauren Corp , to succeed Karen Katz as chief executive officer of the debt-burdened luxury retailer next month.

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