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    Boardroom News
    Corporate tax debate ranges
    February 4, 2011

    Lawmakers are already trying to find ways around the early stages of President Obama's corporate tax rate changes.

    SEC hurt by disarray in its books
    February 4, 2011

    A number of significant errors on the SEC's audited statements since 2004 have been found by the Government Accountability office.

    Top national executives participate in second annual directors’ institute
    February 4, 2011

    The Citadel School of Business Administration, in partnership with the Research Triangle Chapter of NACD, will be holding a seminar March 17-18 to discuss corporate governance best practices and risk management.

    Boardroom overhaul urged for Europe’s largest biotech company
    February 4, 2011

    Elliott Advisors has recommended that Actelion's chairman and CEO step down from the board, apparently in order to sell the company.

    Newmont Mining strikes $2 billion gold deal
    February 4, 2011
    The acquisition will enable Newmont to expand its gold-mining operations in Nevada.

    Schwarzman says bonjour to Parisian analysts
    February 4, 2011
    Stephen A. Schwarzman, the Blackstone Group's chairman and chief executive, spoke about the firm's strong fourth-quarter earnings from his new temporary home in Paris.

    Corzine builds MF in Goldman’s image
    February 4, 2011
    Nearly a year after taking over as chief executive, Jon Corzine is set to announce a series of moves that could turn the firm into a mini-Goldman.

    Turning stock bonuses into trading cash
    February 4, 2011
    Saxo Bank, in ads aimed at frustrated British bankers, says customers can use up to 75 percent of the value of their shares for margin trading on its platform.

    In overhauling Fannie Mae and Freddie Mac, it’s better to be late than sorry
    February 4, 2011
    To hear congressional Republicans tell it, the Obama administration is much like the harried white rabbit that mutters, "Oh dear! Oh dear! I shall be too late!" in Lewis Carroll's "Alice's Adventures in Wonderland."

    AIG chief says bailed-out firm does better in ‘red’ states
    February 4, 2011
    NEW YORK - American International Group's mortgage insurer does more business in Republican-leaning states, where it signs up more reliable customers than those in "more liberal" areas, AIG chief executive Robert Benmosche said.

    Aetna sees 2011 ahead of Street
    February 4, 2011
    Reuters - Health insurer Aetna Inc forecast 2011 earnings well ahead of Wall Street's target on Friday and dramatically increased its dividend payout, sending shares up more than 8 percent.

    EU summit to debate stronger euro zone bailout fund
    February 4, 2011

    European Council President Herman Van Rompuy talks with France's President Nicolas Sarkozy and Germany's Chancellor Angela Merkel during an European Union leaders summit in Brussels February 4, 2011. REUTERS/Thierry RogeReuters - European Union leaders will discuss strengthening the euro zone's 440 billion euro bailout fund at a summit on Friday and try to agree how best to insulate the region from the year-long debt crisis.


    Equity deals rebounding with IPOs
    February 4, 2011
    A flurry of developments on Thursday underscores just how much the private equity business has emerged from the financial crisis in a position of strength.

    Actelion directors asked to quit
    February 4, 2011
    Investment firm Elliott Advisors called for a boardroom overhaul at Actelion, launching a battle that could lead to the sale of Europe's largest biotech company.

    TD Ameritrade, AXA Rosenberg hit with SEC enforcement actions
    February 4, 2011
    TD Ameritrade brokers misled investors about the risks of a mutual fund that foundered at the height of the financial crisis, the Securities and Exchange Commission charged Thursday.

    What’s next for tax code? Geithner discusses overhaul with wide range of groups
    February 4, 2011
    Timothy F. Geithner can't seem to talk enough these days about corporate tax reform. From D.C. to Davos, the Treasury secretary has chatted up chief executives and academics, bankers and labor groups, Republicans and Democrats, all in the name of fixing a tax code that most everyone agrees could ...

    On Semi profit, sales beat views
    February 3, 2011
    Investor's Business Daily - The chipmaker said Q4 EPS rose 16% to 22 cents, topping projections by a penny. Helped by strong demand from automakers for its audio and power management chips, sales grew 17% to $579.2 mil, also beating views. On Semiconductor (NMS:ONNN), which closed its acquisition of a chip unit of Sanyo Electric at year-end, sees Q1 sales of $830 mil-$875 mil, above views for $853 mil. Shares fell 2.9% to 11.16.

    The next stop on Abercrombie’s Ohio express
    February 3, 2011
    The final proxy statement filed by Abercrombie as it pushes to move its incorporation to Ohio makes it difficult for shareholders to discern the benefits and the pitfalls.

    Women in the boardroom still an unfamiliar sight in the U.K.
    February 3, 2011

    The number of women on the boards at UK FTSE 100 companies has remained at 12 percent, and 53 percent of FTSE 250 companies have all-male boards.

    Johnson Controls implements majority vote standard for electing directors
    February 3, 2011

    Johnson Controls have listened to shareholders' calls for majority voting standards.