Formerly a member of the Ford board, as well as an accomplished director elsewhere, Hackett faces the challenge of righting a capsized ship when he takes the helm of the automaker.
Reports said an announcement from Ford could be made Monday.
3. -- Clariant (CLZNY) shares surged Monday after the Swiss chemicals group said it agreed to an all-share "merger of equals" with U.S.-based Huntsman (HUN) that would create a company valued at about $20 billion.
"This is the perfect deal at the right time," said Clariant CEO Hariolf Kottmann. "This is in the best interest of all our stakeholders. Peter Huntsman and I share the same strategic vision and I look forward to working with him."
Under terms of the deal, Clariant shareholders will swap their existing stake for a single HuntsmanClariant share and will ultimate own 52% of the combined entity. Huntsman shareholders will receive 1.2196 in HuntsmanClariant shares.
4. -- Tesla (TSLA) CEO Elon Musk tweeted Sunday that he was excited about the Tesla autopilot software release "rolling out next month."
In the tweet, Musk said the "new control algorithm feels as smooth as silk."
Tesla has been under the spotlight over the past six months after customers who ordered the Enhanced Autopilot feature complained of it not working or said it was unreliable when it did function. According to Musk, the upcoming update to the control algorithm will improve Autopilot functionality by making it more pleasant to drive, according to web site Teslarati.
Tesla shares rose slightly in premarket trading.
5. -- Donald Trump's visit to Saudi Arabia has heralded billions of dollars of deal announcements, including from those with White House ties.
Private-equity giant Blackstone (BX) on Saturday announced that Saudi Arabia would invest $20 billion in a new $40 billion infrastructure fund for projects mainly in the United States. On Sunday, Boeing (BA) said it had signed several defense and commercial deals with Saudi Arabia. Trump was referenced in both deal announcements.
Blackstone, whose CEO Stephen Schwarzman is a close adviser to Trump and heads the president's business council, said Saturday's announcement is the culmination of "a year's discussions" between it and the Public Investment Fund of Saudi Arabia.
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