|WannaCry Malware Has Strong Links to Group Tied to North Korea, Symantec Says|
A group linked to North Korea is highly likely behind this month’s global ransomware assault, and the attack more closely resembles the behavior of a crime ring rather than a government-orchestrated campaign, a cybersecurity researcher said.
|Ford Replaces CEO Amid Pressure on Profit, Share Price|
Ford is replacing CEO Mark Fields with Jim Hackett, who heads its innovation unit. The company has been considering leadership changes amid dissatisfaction with the stock price and a drive to clarify strategy.
|Huntsman Strikes Merger Deal With Clariant|
Huntsman Corp. and Switzerland’s Clariant AG struck a deal to merge, creating a chemicals giant worth about $14 billion as companies in the industry seek ways to cut costs and boost revenue.
|Arconic, Elliott Reach Deal to End Proxy Contest|
Arconic struck a deal to give hedge fund Elliott Management seats on its board of directors, a settlement that ends a bruising five-month battle days before the vote.
|Brazilian Meatpacker JBS Shares Fall 30% Amid Insider-Trading Accusations|
Shares of Brazilian meatpacker JBS plunged more than 30%, costing the company about $2 billion, after President Michel Temer accused its owners of insider trading as part of a bitter battle over the country’s corruption scandal.
|Trump Budget Proposes Cuts to Food-Stamp Program|
President Donald Trump’s budget on Tuesday will propose a $193 billion reduction in spending on the Supplemental Nutritional Assistance Program, or SNAP, over a decade.
|Economic Growth in Developed Countries Slows|
Economic growth in developed countries slowed sharply in the first three months of 2017, as the U.S., the U.K. and France experienced weak starts to a year that is widely expected to yield an acceleration of the global recovery.