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Corporate Management

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NEW YORK (AP) — GameStop, the video-game retailer whose manic stock movements captivated Wall Street this year, said Wednesday that it’s brought on a pair of Amazon veterans as its new chief executive and chief financial officer to aid in its much anticipated digital turnaround.

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FRANKFURT, Germany (AP) — Former Volkswagen CEO Martin Winterkorn has agreed to pay 11.2 million euros ($13.6 million) in compensation for what the company called his failure to quickly get to the bottom of the 2015 scandal over diesel engines rigged to cheat on emissions tests, the company said Wednesday.

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MILAN (AP) — Luxury sports carmaker Ferrari has tapped Benedetto Vigna, an Italian executive at Europe’s largest semiconductor chipmaker, as its new CEO, the company announced Wednesday.

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JOHANNESBURG (AP) — South Africa's health minister was placed on special leave Tuesday over a corruption scandal involving an irregular government contract where $11 million was paid to a company connected to two people who used to work for him.

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FRANKFURT, Germany (AP) — The world's largest truck and bus maker is charting an ambitious zero-emission future and says it's not that far off - despite higher costs and the current lack of support infrastructure.

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BERLIN (AP) — Chancellor Angela Merkel said Thursday that Germany will discuss “necessary common ground” with the U.S. on relations with Russia after President Joe Biden opted not to punish the company overseeing a Russia-Germany pipeline project that Washington opposes.

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BEIJING (AP) — The founder of TikTok’s Chinese owner said Thursday he will give up his job as CEO to focus on longer-term initiatives, a step that comes amid uncertainty over whether the Biden administration will force the sale of the popular short video service’s U.S. arm.

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SEATTLE (AP) — Despite damaging allegations suggesting Bill Gates pursued women who worked for him, don't expect changes to his roles at the two iconic institutions he co-founded, Microsoft and his namesake philanthropic foundation.

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