Bloomberg Verizon Communications Inc. named Hans Vestberg as its next chief executive officer, picking a leader who plans to stay the course even as all three of the company’s major wireless rivals are pursuing megadeals. The move will take effect Aug. 1, ending months of speculation over who takes over at the largest US wireless carrier in the midst of ...

Bloomberg Euro-area exports fell for the first time in five years at the start of 2018, dragging on economic growth, which slowed sharply in the period. Updated first-quarter GDP data showed that government spending stagnated in the three months through March, while exports fell 0.4 percent and net trade proved a drag. The economy expanded 0.4 percent, down from 0.7 ...

Bloomberg Daimler AG could split its truck unit and passenger-car business into separate companies, but it’s not a necessity and won’t happen unless stockholders want it to. “It’s not so much an issue of management, it’s more of the shareholders, what they want to do,” Martin Daum, Chief Executive Officer of Daimler’s truck unit, said in an interview at the ...