Shares of GE falling at the start of the trading day after the company said it would take a $6.2 billion charge in its finance arm. Plus shares of BlackBerry rose after the Canadian tech giant unveiled its "Jarvis" software for connected cars. The cybersecurity system will prevent autos from being hacked. And Google is planning to lay underwater cables in an effort to expand its cloud business to new regions. The stock was rising in early trade.

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Nestlé dismisses CEO after he has relationship with a subordinate
Nestlé has dismissed its CEO Laurent Freixe after an investigation into an undisclosed relationship with a direct subordinate. The company announced on Monday that the dismissal was effective immediately. An investigation found that Freixe violated Nestlé’s code of conduct. He had been CEO for a year. Philipp Navratil, a longtime Nestlé executive, will replace him. Chairman Paul Bulcke stated that the decision was necessary to uphold the company’s values and governance. Navratil began his career with Nestlé in 2001 and has held various roles, including CEO of Nestlé's Nespresso division since 2024.
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