RENAULT BOARD: GHOSN TO REMAIN CEO
» Carlos Ghosn will remain chairman and CEO of Renault despite being detained in Japan on allegations he misused assets of partner Nissan Motor Co. and under-reported millions of dollars in income.
The French carmaker’s board of directors announced its decision after an emergency meeting in Paris on Tuesday.
The board, however, said it was appointing the automaker’s No. 2 executive, Chief Operating Officer Thierry Bollore, to temporarily fill in for Ghosn.
Groups target Europe’s coal companies over harmful emissions.
Environmental groups claimed Tuesday that 10 utility companies are responsible for the majority of premature deaths caused by emissions from coal-fired power plants in Europe.
In a report on the health impacts of coal emissions across Europe, five campaign groups blamed the utility companies for 7,600 premature deaths and millions of work days lost because of health problems in 2016.
Emissions from German utility company RWE are said to be responsible for the highest number of premature deaths.
U.S. home construction rose 1.5 percent in October.
WASHINGTON» U.S. home construction improved a slight 1.5 percent in October, but in a troubling sign, groundbreakings for single-family houses fell.
The Commerce Department said Tuesday housing starts rose to a seasonally adjusted annual rate of 1.23 million, up from 1.21 million in September. The gains came entirely from apartments. Starts for single-family houses slipped 1.8 percent last month.
Housing has stumbled in recent months as mortgage rates have climbed, putting the ability to buy a home or move up to a nicer property out of reach for more Americans.
Saks accused of race, age discrimination in lawsuit.
NEWYORK
» Eight former employees at the Saks Fifth Avenue flagship store filed a race and age discrimination lawsuit against the high-end store and its corporate parent, alleging they were subjected to a hostile environment and unfairly fired.
The suit, filed in New York, said the men “were each forced to endure a pervasive pattern of discrimination and retaliation ... their respective managers deliberately targeted them because of their race and/or age.”
— Denver Post wire services