More than 400 Chinese products will be temporarily exempted from tariffs that President Donald Trump's administration imposed last year.China Economyread more
Apple will get a taste of whether upgraded features on the new iPhone 11 are enough to lure shoppers to retail stores around the world as the new smartphones officially hit...Technologyread more
As tensions might drag over the next decade, investors have to learn to operate under prolonged uncertainty, said Warburg Pincus' Charles Kaye.World Economyread more
U.S. Vice President Mike Pence on Thursday struck an unyielding tone on America's position in its trade war with China.Delivering Alpharead more
Billionaire investor Howard Marks, the co-chairman of Oaktree Capital, predicts there won't be a recession in the U.S. for another two years.US Economyread more
Network officials also said voters should expect more of a Koch focus on grassroots activism throughout the 2020 election cycle.Politicsread more
One person was killed and five others wounded on Thursday in a shooting on the streets of Washington, D.C., not far from the White House, police said.U.S. Newsread more
Stores are extending hours and cities are spending on light shows as China tries to encourage consumers to spend more money at night.China Economyread more
New research suggests fewer girls pursue careers in STEM — science, technology, engineering and math — because they're better than boys at reading.Closing The Gapread more
Stocks in Asia Pacific edged up on Friday as investors digested a series of developments overnight on the U.S.-China trade front that dampened hopes of a deal being reached...Asia Marketsread more
GM's usage of temporary workers, potential closure of plants and health care contributions remain major sticking points, according to people familiar with the talks.Autosread more
"I'm expecting my contract to expire at the end of 2021," Iger said Thursday during Disney's investor day presentations. "And I was going to say 'and this time I mean it,' but I've said it before. I've been CEO since October of 2005 and as I've said many times, there's a time for everything and 2021 will be the time for me to finally step down."
Iger has extended his contract with Disney twice during his tenure. Once in 2018 and then through 2021, but it was contingent on the Fox deal closing. Since that merger has wrapped up, Iger will remain with the company as the head executive for the next two years.
"I've been engaged with the board for quite some time and there's discussion about a succession and they've been engaged in a succession process," Iger said. "And we continue to feel that they will be able to identify my successor on a timely enough basis so this company has smooth transition."
Iger has been instrumental in many of Disney's acquisitions, including Pixar in 2006, Marvel in 2009 and Lucasfilm in 2012. He has also pushed for the launch of Disney+, a streaming service filled with original movies and television shows as well as Disney's slate of classic animated and live-action content.
There were rumors last month that Disney's internal restructuring was setting up two top executives as potential successors to Iger.
Kevin Mayer, 55, the company's head of strategy, was named chairman of a new direct-to-consumer and international segment. And Robert Chapek, 58, head of parks, added consumer products to his oversight.
Former consumer products head James Pitaro, 48, was named as the head of ESPN, but is considered a long shot for the role of CEO.