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Mercedes-Benz is poised to topple BMW as the world’s luxury-car king. Surging demand for SUVs, including the GLC, helped Mercedes deliveries jump 12 percent in from January through November, more than double the pace of growth for BMW AG’s namesake brand. If Mercedes does regain the sales crown this year, it would relegate once-dominant BMW to the No. 2 rank for the first time in more than a decade.
Lockheed Martin drops as Trump tweets. After Donald Trump tweeted Monday that costs for the F-35 fighter-jet program, the Pentagon’s most expensive weapons system, are “out of control,” shares of Lockheed dropped 3.6 percent to $250.11 at 9:31 a.m. in New York. Boeing knows that feeling.
AmEx now offers 20 weeks of paid leave to all parents. The company’s new parental leave package, a move to boost recruitment and retention, will be available to any U.S. employee of either gender who has a child through any means, including adoption and surrogacy. Birth mothers will get an additional six to eight weeks of paid medical leave on top of that.
Viacom-CBS talks collapsed. Shari Redstone withdrew her proposed merger of CBS and Viacom, ending negotiations for a deal that would have recombined her family’s media holdings to create a new TV giant. Viacom interim CEO Bob Bakish was named the company’s permanent leader.
Russia is a fan of Trump’s dream team. Trump is eyeing Exxon Mobil CEO Rex Tillerson for secretary of state, fueling optimism in Moscow that a longed-for thaw in relations is near. With two decades of deal-making in Russia’s vital oil industry under his belt, Tillerson is Putin’s kind of guy.
You know what’s cool? A $1 billion energy fund. Bill Gates and more than a dozen of the world’s richest individuals revealed a new investment fund to foster major advances in clean energy production. The goal is to pump money into risky, long-term energy technology that could dramatically reduce greenhouse gas emissions.
Where to get mind-blowing gifts. As you search for one-of-a-kind gifts for the holidays, an art gallery should, at least in theory, be a logical place to get something special. And it can be—you just have to know where to go.