A&P names new CEO as loss widens
July 26, 2010
Great Atlantic & Pacific Tea Co. named its second chief executive in fewer than six months as the troubled supermarket operator reported a wider fiscal-first-quarter loss, with both sales and margins weakening.
July 26, 2010
Great Atlantic & Pacific Tea Co. named its second chief executive in fewer than six months as the troubled supermarket operator reported a wider fiscal-first-quarter loss, with both sales and margins weakening.
Pay czar Ken Feinberg calls executive compensation ‘ill-advised’ but not illegal
July 26, 2010
The government's pay czar scolded 17 banks for handing out $1.6 billion in excess executive pay while benefiting from taxpayer bailout funds at the height of the financial crisis. But he will not force banks to return any of the money.
Kenneth Feinberg - Business - Executive compensation - Financial Services - United States
July 26, 2010
The government's pay czar scolded 17 banks for handing out $1.6 billion in excess executive pay while benefiting from taxpayer bailout funds at the height of the financial crisis. But he will not force banks to return any of the money.
Massey Energy’s blankenship: No shame, but plenty of blame
July 26, 2010
Corporate America, like Massey Energy's CEO, has lost its sense of responsibility.
Massey Energy - Technology - Energy - Education - Oceania
July 26, 2010
Corporate America, like Massey Energy's CEO, has lost its sense of responsibility.
Sands China ousts CEO
July 26, 2010
Las Vegas Sands's Macau unit terminated its chief executive in a move that puts a question mark at the top of the company as it tries to jumpstart a long-delayed expansion in China's gambling enclave.
July 26, 2010
Las Vegas Sands's Macau unit terminated its chief executive in a move that puts a question mark at the top of the company as it tries to jumpstart a long-delayed expansion in China's gambling enclave.
Embattled BP Chief Hayward to depart
July 26, 2010
BP is expected to name Managing Director Robert Dudley to succeed CEO Tony Hayward, who has been widely criticized for his handling of the Gulf of Mexico oil spill.
July 26, 2010
BP is expected to name Managing Director Robert Dudley to succeed CEO Tony Hayward, who has been widely criticized for his handling of the Gulf of Mexico oil spill.
Apollo to launch its own bank, report says
July 26, 2010
Apollo Management is taking advantage of a provision in the new financial legislation to launch its own bank, The Financial Times reported.
July 26, 2010
Apollo Management is taking advantage of a provision in the new financial legislation to launch its own bank, The Financial Times reported.
Divorce of hedge fund power couple shakes Ikos
July 26, 2010
A contested divorce between the two founders of Ikos is rattling one of Europe's oldest hedge fund groups, The Wall Street Journal reports.
July 26, 2010
A contested divorce between the two founders of Ikos is rattling one of Europe's oldest hedge fund groups, The Wall Street Journal reports.
Martin Currie said to launch retail funds
July 26, 2010
Martin Currie is the latest investment firm to open its arms to retail investors, with a plan to launch three new hedge funds tailored for individuals.
July 26, 2010
Martin Currie is the latest investment firm to open its arms to retail investors, with a plan to launch three new hedge funds tailored for individuals.
Geithner presses case for renewing middle-class tax breaks
July 26, 2010
Treasury Secretary Timothy F. Geithner took the lead Sunday in continuing the Obama administration's push for extending middle-class tax cuts while allowing similar cuts for the nation's wealthiest individuals to expire in January.
United States - Tax - Taxation - Accounting - United States Secretary of the Treasury
July 26, 2010
Treasury Secretary Timothy F. Geithner took the lead Sunday in continuing the Obama administration's push for extending middle-class tax cuts while allowing similar cuts for the nation's wealthiest individuals to expire in January.
Biography of Steven A. Museles, CapitalSource co-chief executive
July 26, 2010
Steven A. Museles Position: Co-chief executive and board member of CapitalSource, a Chevy Chase-based commercial lender that provides financial products to middle-market businesses.
Business - CapitalSource - United States - California - Entrepreneur
July 26, 2010
Steven A. Museles Position: Co-chief executive and board member of CapitalSource, a Chevy Chase-based commercial lender that provides financial products to middle-market businesses.
Interview with Steven A. Museles, CapitalSource co-chief executive
July 26, 2010
My law school days were an exciting time on Wall Street. There were hostile takeovers, exciting mergers and acquisition transactions and leveraged buyouts. Corporate and securities law was an attractive area to focus on, so I stuck with it.
United States - Business - CapitalSource - Employment - Southern California
July 26, 2010
My law school days were an exciting time on Wall Street. There were hostile takeovers, exciting mergers and acquisition transactions and leveraged buyouts. Corporate and securities law was an attractive area to focus on, so I stuck with it.
Source: Tony Hayward expected to step down from BP
July 25, 2010
Tony Hayward's departure from his job as BP's chief executive will be at the center of the agenda when the company's board of directors meets Monday night, according to a source close to the company.
Tony Hayward - BP - United States - Oil spill - Gulf of Mexico
July 25, 2010
Tony Hayward's departure from his job as BP's chief executive will be at the center of the agenda when the company's board of directors meets Monday night, according to a source close to the company.
GE raises quarterly dividend 20 percent
July 23, 2010
AP - More than a year ago, in need of cash after its GE Capital lending unit was overwhelmed by the financial crisis, General Electric did the nearly unthinkable — it slashed its dividend for the first time since the Great Depression.
July 23, 2010
AP - More than a year ago, in need of cash after its GE Capital lending unit was overwhelmed by the financial crisis, General Electric did the nearly unthinkable — it slashed its dividend for the first time since the Great Depression.
Buyout groups persist in pursuing failing banks
July 23, 2010
Private equity firms and hedge funds are trying to prove to regulators that they are capable of running failed banks, where big profits are possible, by recapitalizing troubled banks that have yet to fail.
July 23, 2010
Private equity firms and hedge funds are trying to prove to regulators that they are capable of running failed banks, where big profits are possible, by recapitalizing troubled banks that have yet to fail.
Pay czar names 17 firms for "ill-advised" pay
July 23, 2010
July 23, 2010
Reuters - Seventeen financial firms made "ill-advised" payments to executives totaling $1.6 billion while taxpayers were bailing them out, U.S. pay czar Kenneth Feinberg said on Friday.
GM’s free ride on the government’s dime
July 23, 2010
The Deal Professor examines whether General Motors' $3.5 billion acquisition of AmeriCredit makes sense for the automaker, its shareholders and the government.
July 23, 2010
The Deal Professor examines whether General Motors' $3.5 billion acquisition of AmeriCredit makes sense for the automaker, its shareholders and the government.
Wall Street flat after European stress tests
July 23, 2010
July 23, 2010
Reuters - Stocks were little changed at midday on Friday, losing some ground after results of European bank stress tests were released.
Magna shareholders approve Stronach buyout
July 23, 2010
AP - Magna International said Friday more than 75 percent of its common shareholders approved a plan to pay founder and Chairman Frank Stronach about $1 billion to give up his family's voting control of the global auto parts maker.
July 23, 2010
AP - Magna International said Friday more than 75 percent of its common shareholders approved a plan to pay founder and Chairman Frank Stronach about $1 billion to give up his family's voting control of the global auto parts maker.
Pay czar Feinberg blasts banks on bonuses
July 23, 2010
July 23, 2010
Reuters - Seventeen big banks getting bailouts from taxpayers made "ill-advised" overpayments to executives in late 2008 and early 2009, but they can't be forced to pay them back, U.S. pay czar Kenneth Feinberg said on Friday.
Fed will not provide more support to economy
July 23, 2010
July 23, 2010
Allan H. Meltzer doesn't believe more monetary stimulus is the answer to ward off future financial crises.