BILL FORD
Former US Fed chairman Alan Greenspan passes away at 100
Alan Greenspan, former US Federal Reserve chief, has passed away at 100. He steered the American economy through significant events like the 1987 stock market crash and the dot-com bust. While lauded for his steady leadership during economic expansions, he faced criticism for not curbing market excesses before the 2008 financial crisis. Greenspan's tenure saw him serve under four presidents, earning him accolades as a remarkable central banker.
Did Jelly Roll file for divorce from Bunnie Xo after nearly 10 years of marriage? Here's what we know
Country music star Jelly Roll, whose real name is Jason DeFord, has reportedly filed for divorce from his wife, Bunnie XO. The couple, married for nearly 10 years, reportedly made the decision mutually. Their relationship began in 2015, with a quick marriage following in 2016. Bunnie XO played a significant role in Jelly Roll's life and career.
On This Day in History, June 15: Magna Carta sealed, first blood transfusion experiment, Batman Begins released and other key events
On This Day in History, June 15 features landmark moments spanning law, science, war and culture. From the sealing of Magna Carta in 1215 and the first documented blood transfusion in 1667 to World War II events like the U.S. attack on Saipan, the date also includes breakthroughs in aviation, social reform, and major cultural releases, making it a historically significant day across centuries.
$1,000,000,000,000: The larger story of Musk, the first trillionaire, lies not in wealth, but in power, tech and governance
Elon Musk's trillion-dollar valuation marks a new era in capitalism. This unprecedented wealth reflects a changing dynamic between technology and power. Private entities now wield influence once held by nations. Markets are valuing future possibilities over present products. Societies face the challenge of governing this new scale of economic power as institutions struggle to keep pace with rapid technological change.
On This Day, June 5: D-Day, Operation Blue Star, RFK assassination, AIDS epidemic, Marshall Plan and other key events
On This Day, June 5, history witnessed several defining moments across war, politics and social change. The date is associated with the D-Day invasion preparations in 1944, Operation Blue Star in 1984, the beginning of the AIDS epidemic in 1981 and Robert F. Kennedy's assassination in 1968. It also marks the announcement of the Marshall Plan and Denmark granting women the right to vote.
Global airline chiefs to confront Iran war fuel shock at industry summit
Airline leaders meet in Rio de Janeiro facing a major industry crisis. The Iran war is increasing jet fuel costs and disrupting flights. This is forcing airlines to raise fares and cut routes. Experts predict a downgrade to profit forecasts. Aircraft delivery delays and climate goals also present challenges. The situation impacts airlines globally, with some struggling more than others.
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On This Day, June 4: Iran's supreme leader elected, women's suffrage bill passed, ATM patent approved, D-Day delayed, first shopping cart introduced, Henry Ford's first car ride and National Hug Your Cat Day
June 4 marks a day of global historical significance. Major events include the Tiananmen Square crackdown, the liberation of Rome in World War II, and the first successful test drive of Henry Ford's automobile. The date also saw the release of Metallica's 'Load' and the granting of the ATM patent.
US Stocks end lower on mounting inflation worries
U.S. stocks declined Friday as rising crude prices fueled global inflation fears, pushing Treasury yields higher and making equities less attractive. The Trump-Xi summit yielded few results, while Jerome Powell's tenure as Fed chair concluded amidst concerns about sticky inflation and potential rate hikes. Energy shares saw gains, but the broader market retreated from AI-driven highs.
US stocks today: Dow Jones crashes 500 points on mounting inflation worries
U.S. stocks pulled back from record highs as rising crude oil prices and surging Treasury yields triggered fresh inflation concerns. The selloff hit AI-driven tech stocks hardest, while markets reassessed rate hike risks under incoming Fed leadership, with geopolitical tensions and bond market signals dampening investor sentiment.
Quote of the day by Robin Williams: ‘Medicine, law, business, engineering are necessary to sustain life. But poetry, beauty, romance, love, these are what we stay alive for’ - Hollywood star on true meaning of life
Life is more than just survival. Robin Williams, the beloved actor, emphasized that while practical careers sustain life, it is poetry, beauty, romance, and love that make life worth living. His message encourages balancing professional success with emotional and spiritual nourishment. Williams' own life and career exemplified this pursuit of depth and joy beyond mere existence.
USS Gerald R. Ford aircraft carrier leaves Middle East
The USS Gerald R. Ford has exited the Middle East after a record 10-month deployment, reducing US naval presence amid an ongoing but fragile ceasefire with Iran. Two carriers remain in the region as tensions persist.
Tata proved to be an excellent steward of JLR, will inspire generations of biz leaders: Ford
Fox chairman Bill Ford expressed his sadness over the passing of Ratan Tata, emphasizing Tata's vision and integrity in leading Jaguar and Land Rover. Ford recalled their sole meeting warmly, contradicting claims of Tata feeling humiliated. Tata Motors' acquisition of JLR in 2008 was also highlighted.
Ford cutting 3,000 white-collar jobs in bid to lower costs
The cuts represent about 6% of the 31,000 full-time salaried work force in the U.S. and Canada. Ford's 56,000 union factory workers are not affected. Some workers also will lose jobs in India. Executive Chairman Bill Ford and CEO Jim Farley said in the email that Ford will provide benefits and significant help for the workers to find new jobs.
Ford family member named head of global brand merchandising
Alexandra Ford English, the daughter of Ford Executive Chairman Bill Ford, was named global brand merchandising director for the Dearborn, Michigan, company on Monday.
Ford redesigning parts to use more accessible chips, weighing direct deals with chip foundries
Jim Farley, speaking at Ford's online annual shareholder meeting, also said the company is weighing other strategies for the future, including building a buffer supply of chips and signing supply deals directly with the foundries that make the wafers used in semiconductors.
Mahindra, Ford may extend tie-up to make electric vehicles for India
The partners are still studying what to collaborate on, but Mahindra said electric cars have been central to the conversation since he negotiated the alliance with executive chairman Bill Ford.
Cab aggregators & tech cos are our frenemies: Bill Ford
A century later, Bill — chairman of the American auto major — faces dilemma of a different kind — the era of personal mobility is gradually being threatened by the concept of shared mobility, led by ride-sharing companies.
General Atlantic Funds plans to channel one-fourth of its $2 billion-a-year global investments into India
For us now, critically important in the next five or 10 years are two big themes in healthcare and cos driving the mobile internet, says CEO Bill Ford.
Growth, quality of management and equity market size in India is very positive: Bill Ford, General Atlantic
"One sector is financial technology, which we are very excited about. So, I think we are going to be in a very active period for GA," Bill Ford said.
Ford Motor reclaims 'heritage' with investment-grade rating
Ford Motor was raised to investment grade by Moody's enabling Bill Ford to reclaim the blue oval logo he put up as collateral for a loan.
Ford plans to hire 7,000 workers by 2012
Ford says it will add more than 7K workers in the US over the next two years, including 750 engineers, as it begins producing several new vehicles.
Ford rally silences sceptics of founding family's power
Ford Motor’s rally, spurred by chief executive officer Alan Mulally’s recovery plan, may quiet critics demanding the founding family relinquish control of the second-largest US automaker.
'Ford felt Hillary was tougher than husband'
Ex-US President Gerald Ford describes Democratic Presidential hopeful Hillary Clinton as tougher than her husband, former President Bill Clinton.
Ford legacy in trouble as bankruptcy looms
Henry Ford, founder of Ford Motor, famously hated and distrusted bankers. One can only imagine how the man who pioneered the moving assembly line in the early 20th century might have reacted upon learning that his heirs were getting set to hock the company’s assets to banks, private-equity firms and hedge funds.
Ford ropes in Mulally from Boeing as CEO
Ford Motor named former Boeing executive Alan Mulally as chief executive on Tuesday.
Future of No 2 at Ford is unclear
Ford Motor’s surprise appointment of an outsider as CEO on Tuesday raised questions about the future of its fastest-rising executive, Mark Fields.
Bill Ford Jr willing to make room for the 'right leader'
Ford Motor chief executive Bill Ford Jr is prepared to let someone else lead the car maker his great-grandfather founded, if the right manager is available.
Sharp turns ahead for Ford
The resignation of a key outside director has prompted speculation that Ford Motor’s ruling family might be thinking of loosening up its tight control over the automaker.
'Ford family may go private'
The Ford family also has considered taking the carmaker private. For now, the family views ending 50 years of public ownership a last resort.
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