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US aerospace giant Boeing on Wednesday announced a series of executive promotions, including the appointment of an executive to share prime oversight of the business with company head Jim McNerney. Dennis Muilenburg, 49, will join the corporate team in Chicago as Boeing vice chairman, president and chief operating officer. He will share oversight with McNerney, Boeing's chairman, president and CEO, "of the day-to-day business operations of the company," the company said in a statement. Boeing also tapped Raymond Conner, 58, to serve as vice chairman, president and chief executive of Boeing Commercial Airplanes, a unit he has led since 2012.
CHICAGO (AP) — Archer Daniels Midland Company announced Wednesday it is moving its global headquarters to Chicago, but said the agribusiness giant could still set up a new technology center in another state after failing to win millions in tax breaks.
BERLIN (AP) — Chancellor Angela Merkel vowed to defend German jobs as the European Union's executive launched an investigation Wednesday into whether German companies that use large amounts of electricity get unfair discounts.