March 11 (Reuters) - Mercedes-Benz said on Tuesday it has appointed Jason Hoff to the newly created role of North America CEO, effective May 1 as the German maker looks to strengthen its focus on the U.S., its second-largest market. Hoff, currently Head of Quality for Mercedes-Benz Cars & Vans, will be responsible for the overall strategic direction of the...

March 11 (Reuters) - Gail Slater, President Donald Trump's pick to oversee the U.S. Department of Justice's antitrust division, was confirmed by the U.S. Senate on Tuesday. The department's antitrust division enforces laws against illegal monopolies and anticompetitive business behavior, alongside the Federal Trade Commission. Slater, a veteran antitrust attorney and former economic adviser to Vice President JD Vance, has...

NEW YORK, March 11 (Reuters) - Global hedge funds accelerated the unwinding of stock positions on Monday, and this trend is likely to continue, as portfolio managers seek to reduce risk amid a selloff in U.S. stocks, according to Goldman Sachs. Through yesterday, our best guess is that we are currently in the middle innings of this (de-risking) episode, said...

WILMINGTON, Delaware (Reuters) - Elon Musk kicked off his appeal to try to restore his $56 billion payday from Tesla on Tuesday, claiming a lower court judge made multiple legal errors in rescinding the record compensation. The 2018 pay package resulted in spectacular growth for the electric vehicle maker and yet it was determined by the lower Court of Chancery...