Jeff Fettig to step down as CEO of Whirlpool, will remain chairman

Jeff Fettig will step down as CEO of Whirlpool, the company announced Tuesday. He will remain as chairman. Fettig has held both roles since 2004. Marc Bitzer, the current president and chief operating officer for the Benton Harbor, Mich.-based company, will succeed...

China finally gets long sought-after endorsement as MSCI adds stocks to emerging markets index

In a long awaited decision, MSCI said Tuesday it plans to add mainland Chinese shares to its benchmark emerging markets index. The index giant said it will add 222 China A Large Cap stocks on a gradual basis beginning next year. The review is the fourth straight year...