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Consumer Goods & Retail Headlines

Audi CEO drops plan to sell motorcycle brand Ducati

Germany's Audi has abandoned plans to sell its Italian motorcycle brand Ducati, its chief executive Rupert Stadler said, in a sign of confidence that the carmaker expects to be able to carry the costs of its transformation.

U.S. company sues China's HNA over deal, cites opaque ownership

Ness Technologies S.A.R.L., a U.S. software engineering company, has sued Chinese conglomerate HNA Group accusing it of failing to adequately answer questions about its ownership in a U.S. review of takeovers by foreign companies, thereby causing their $325 million deal to fail.