Equipment Leasing Small Business News + More Cities, States Need Top Financial Talent, but Fall Short on Pay + MORE 10/17/2016

CEO Mark Fields Sets Ford on a Dual Track

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“One Ford” used to be the No. 2 U.S. auto maker’s rallying, but now CEO Mark Fields is pivoting toward Two Fords. recasting the company as both an auto maker and a transportation-services provider.

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Caterpillar CEO to Step Down

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Caterpillar said Doug Oberhelman would step down as CEO at year’s end after leading the equipment maker to its highest annual sales ever before overseeing its longest sales decline.

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Billy Bush Exits NBC News

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NBC has parted ways with “Today” anchor Billy Bush after a tape of the television personality engaging in a crude conversation about women with Republican presidential candidate Donald Trump surfaced earlier this month.

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Orbital ATK successfully launched an Antares rocket carrying cargo destined for the international space station, nearly two years after a catastrophic failure grounded the booster pending a major redesign.

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U.S. states and towns need top-notch financial executives to manage their bond sales and pension deficits, as they come under closer government oversight, but most such places can’t compete with private-sector pay.

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Co-founders of shoe company Jack Erwin, Ariel Nelson and Lane Gerson, didn’t come from the fashion world, but they are now running a widely known men’s shoe company.

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Netflix reported a larger-than-expected increase in new members, easing concerns about the fallout from earlier price increases, and said it intends to license its shows in China.

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Tesla Motors plans to partner with Panasonic to make solar panels at a factory in Buffalo, N.Y. that was originally intended to be a SolarCity manufacturing plant.

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The millionaire entrepreneur behind the blog I Will Teach You to Be Rich built an empire around answering the question, ‘How do I live a rich life?’

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United Continental, grappling like other U.S. airlines with too much capacity, a strong U.S. dollar and competitive pricing, said its third-quarter passenger revenue declined $357 million from a year ago.

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Manufacturers Lose Out on Tech Talent

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As factory floors become more automated and data-driven, manufacturing companies are in need of computer engineers. But they often find themselves outgunned by Silicon Valley tech firms.

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IBM Revenue, Profit Edge Lower

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Profit and revenue at IBM declined, with the top line edging lower to mark its 18th consecutive fall, though the company saw some growth in newer businesses such as cloud computing and artificial intelligence.

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