Boeing announced Tuesday it would replace CEO Jim McNerney with its current chief operating officer Dennis Muilenburg. McNerney oversaw a near doubling of revenue to a record $90.8 billion last year, and hailed the change as a “generational shift”. Next year, the company celebrates its 100- year anniversary (CNBC).
The Obama administration has cleared the last procedural hurdle in its bid to close the biggest trade deal in a generation, after a bill granting fast-track authority passed the Senate. The Senate will vote to formally pass the legislation today. In the next few weeks, trade negotiators will meet to conclude over 5 years of discussions aimed at creating the Trans-Pacific Partnership, which covers 40% of the global economy, and is the biggest trade deal since the creation of the WTO. (FT)
International creditors have rejected the Greek government's plan to end its financial crisis, but they have submitted counterproposals. The International Monetary Fund is believed to be the most skeptical of the three institutions overseeing Greece's bailout. Its creditors have now put forward a new set of counterproposals, but the war of words continues… (CNBC)