The German bank is said to be preparing a sweeping restructuring that will eliminate thousands of jobs and bring to an end its 20-year foray into Wall Street. Source: NYT > Business – David Enrich and Kate Kelly
Ford to Cut 12,000 Jobs in Europe
The automaker said it would close plants across the region, leading to job losses for more than 18 percent of its work force. Source: NYT > Business – Amie Tsang
Kenneth Lerer Steps Down as BuzzFeed Chairman
Mr. Lerer is leaving the viral-happy website that has lately experienced turbulence after a sharp rise in prominence. Source: NYT > Business – Marc Tracy and Edmund Lee
Why Fiat Chrysler’s Talks With Renault Fell Apart
The offer of a 50-50 merger appealed in an industry facing challenges, but the French government and Nissan had questions. Source: NYT > Business – Kevin Granville
Vice.com Editors Exit in Ongoing Shake-Up
After layoffs and a move toward video, two editors leave Vice.com. Source: NYT > Business – Marc Tracy
Can Tesla Ever Be More Than a Niche Automaker? Wall St. Increasingly Thinks No
Few companies have created such strong and divergent opinions across Wall Street as Tesla. But that divide appears to be narrowing. Source: NYT > Business – Stephen Grocer