May 12, 2011
A new Spencer Stuart report concludes that companies are best served by someone with a clear vision and a desire to influence social policy.
May 12, 2011
The EU will take steps to remove trade concessions for emerging economies such as Russia and Brazil.
May 12, 2011
Indiana will cut its 8.5 percent corporate income tax rate by half a point every year until it reaches 6.5 percent.
May 12, 2011
Duncan Niederauer said that there was little room to push back a shareholder vote planned for July 7.
May 12, 2011
Commissioners have been chosen for the "Report of the NACD Blue Ribbon Commission on the Lead Director" to discuss the evolving roles and responsibilities of lead directors.
May 12, 2011
With gas prices above $4 a gallon in much of the country, Democrats and Republicans are squaring off over whether to cut tax credits for oil companies enjoying a banner profit year, or let the industry drill more.
May 12, 2011
AFP - Chinese rescue funding for the Saab-Spyker auto group collapsed on Thursday throwing Swedish Saab back into deep financial crisis without keys to the crucial Chinese market.
May 12, 2011
The company says it will continue with a public stock offering despite questions regarding the market and other particulars.
May 12, 2011
What made Raj Rajaratnam, who was convicted of fraud and conspiracy Wednesday, stand out in the hedge fund world was his deep set of contacts inside executive suites and on trading floors.
May 12, 2011
May 11 (Bloomberg) -- Thomas Waechter, chief executive officer of JDS Uniphase Corp., talks about optical components for a fourth-generation wireless service based on long-term evolution technology, known as LTE. Waechter also discusses the company's strategy and products for telecommunications service providers. He speaks with Bloomberg's Cory Johnson on Bloomberg Television's "Bloomberg West." (Source: Bloomberg)
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May 12, 2011
Sprint Nextel’s chief executive told members of Congress on Wednesday that permitting the merger of rivals AT&T and T-Mobile would be the end of his company in its current form.
Dan Hesse, who runs the third-largest of the nation’s telecom companies, said Sprint would probably be absorbed by someone else and customers nationwide would suffer if AT&T is allowed to complete its $39 billion bid to buy T-Mobile.
“It would fundamentally put us in a situation where this is a duopoly (industry) and it puts us in position to be acquired,” Hesse said in the Senate antitrust subcommittee hearing.
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May 12, 2011
Authorities suspect insider trading at some expert network firms, which match investors like hedge funds with outside experts.
May 11, 2011
RLJ Lodging Trust, a Bethesda-based hotel company started by Black Entertainment Television founder Robert L. Johnson, made its debut Wednesday as a public company, with shares closing slightly below their initial public offering price.
The company’s stock closed at $17.68 per share, down 32 cents from its initial price of $18. The company originally hoped to price its offering at $19 to $21 a share.
The IPO, based on 27.5 million shares outstanding, raised $495 million for the company, which plans to use most of the proceeds to repay debt.
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May 11, 2011
The American International Group's planned stock offering falls far short of the $47.5 billion needed to repay the Treasury Department for part of the insurer's bailout.
May 11, 2011
As the New York Stock Exchange fends off a hostile bid by the Nasdaq, competition for prominent stock listings— especially of the high-profile tech variety— has never been fiercer. Tech has traditionally been Nasdaq turf: Intel, Google and Microsoft all list on the exchange. Just not for long, according to the [...]
May 11, 2011
The U.S. Justice Department is investigating Google's search results formula.
May 11, 2011
Mary Schapiro has expressed concerns that easing private company stock rules would increase fraudulent stock offerings.
May 11, 2011
Apple and Google discussed their smartphone privacy practices before the Senate Tuesday.
May 11, 2011
Johnson & Johnson is the most-sued company in New Jersey, followed by Merck and Walmart.
May 11, 2011
Private investments in public enterprises transactions in India are expected to increase this year after decreasing over the past five years.
