U.S. business inventories rise solidly in February

U.S. business inventories increased solidly in February, suggesting restocking could again contribute to economic growth in the first quarter. Business inventories rose 0.5% after increasing 0.4% in January, the Commerce Department said on Thursday. Inventories are a key component of gross domestic product. February’s gain was in line with economists’ expectations. Inventories fell 2.4% on […]

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Ferrari chairman says making ‘good progress’ on CEO shortlist

Ferrari (RACE.MI) is making good progress on a shortlist of “very strong” candidates to be the Italian luxury carmaker’s next chief executive, Chairman John Elkann told shareholders at a general meeting on Thursday. Elkann said the list would include people who have “all the right qualities, including importantly the technological capabilities, to lead our company”. […]

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