Friday February 10, 2012
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Boardroom News
Indiana becomes 23rd ‘right-to-work’ state, first in 10 years
February 3, 2012

Indiana has passed anti-union "right-to-work" legislation following a number of businesses relocating out of the state.

German court rejects Apple bid to ban Samsung devices
February 3, 2012

Apple's request to ban Samsung products from being sold in Germany on patent infringement grounds has been rejected.

Controversial corporate tax bill moves forward in New Mexico
February 3, 2012

The New Mexico Senate Corporations and Transportation Committee agreed to a bill decreasing corporate income tax rates while closing a loophole to allow out-of-state firms to do business in the state to avoid state income taxes.

Corporate tax rate is lowest in decades
February 3, 2012

Total corporate federal taxes paid fell to 12.1 percent of profits in the fiscal year ending Sept. 30, reports the Congressional Budget Office.

NACD honors Murray for board achievement
February 3, 2012

NACD's New England chapter honored retired FleetBoston Financial Chairman and CEO J. Terrence Murray with its lifetime achievement award.

Glencore, Xstrata in talks to form $80 billion mining giant
February 3, 2012

Two of the world's most powerful raw-materials companies are in talks to combine to form a much larger company worth $80 billion.

AMR CEO on US Airways Bid: ‘What’s in the Water in Phoenix?’
February 3, 2012

AMR CEO Tom Horton reminds a newspaper that US Airways failed in three previous merger efforts.
Click to view a price quote on AAMRQ.PK.

HR business boosts Aon profit
February 3, 2012

Reuters - Aon Corp posted a higher quarterly profit that narrowly beat market estimates as the world's largest insurance broker continued to reap the benefits from its acquisition of Hewitt Associates.

Sony’s New Chief Reveals His Plans
February 3, 2012

The new chief executive of Sony promises to forge a new path for a company that once dominated the business of filling free time with the creation of wildly popular consumer products.

Sony’s New Chief Reveals His Plans
February 3, 2012

The new chief executive of Sony promises to forge a new path for a company that once dominated the business of filling free time with the creation of wildly popular consumer products.

Cigna’s Net Drops 37%
February 2, 2012

Cigna earnings fell 37% amid acquisition-related charges and accounting changes, and the health insurer forecast lighter-than-expected earnings and rising use of medical services in the new year.

Proposed jobs bill would target foreign outsourcing by U.S. companies
February 2, 2012

Representative Gary Peters has proposed a bill requiring large U.S. companies to disclose how many of their jobs are based in the U.S. versus abroad.

Pension agency pressures American Airlines
February 2, 2012

Pension Benefit Guaranty Director Joshua Gotbaum is making moves to prevent American Airlines from using bankruptcy to shed its pension plans.

TPG to buy GlobeOp for $801.5 million
February 2, 2012

TPG Capital will purchase GlobeOp Financial Services for $801.5 million, paying 22.5 percent more than GlobeOp's Jan. 31 closing price.

Xstrata confirms Glencore merger approach
February 2, 2012

Xstrata has confirmed it is in merger discussions with Glencore International, though the company is cautioning that no deal is imminent.

Facebook sets stage for historic IPO
February 2, 2012

Facebook announced its $5 billion IPO yesterday, valuing the social network at up to $100 billion.

Sony’s new chief reveals his plans
February 2, 2012

The new chief executive of Sony promises to forge a new path for a company that once dominated the business of filling free time with the creation of wildly popular consumer products.

Merck swings to profit
February 2, 2012

Drug maker Merck swung to a profit amid fewer acquisition-related and restructuring charges, and it also reported a modest increase in revenue.

Deutsche Bank profit dented by crisis
February 2, 2012

Germany's Deutsche Bank painted a bleak picture for 2012, after fallout from Europe's financial crisis dented fourth-quarter net profit with write-downs and sharply lower investment bank activity.

Lauzon: My experience as a private-equity CEO
February 1, 2012

Managers like me are required to put our own capital into the company.