Saturday May 18, 2013
Be Sociable, Share!
    Boardroom News
    Stocks Gain on Bullish Tepper Comments
    May 14, 2013

    Major U.S. stock markets are rising Tuesday on the back of a subdued inflation report and hedge fund manager David Tepper's bullish comments about stocks. Click to view a price quote on ^DJI.    

    Loeb’s Bold Bet on Sony
    May 14, 2013

    It would be a mistake for Sony to dismiss the hedge fund manager Daniel S. Loeb out of hand: His proposal values Sony's entertainment businesses at more than half the company’s current market capitalization.

    Does Facebook Need a New CEO?
    May 14, 2013

    If they are representative of things to come, Mark Zuckerberg's recent moves could set off a death spiral at the once undisputed social media leader. Click to view a price quote on FB. Click to research the Internet industry.    

    Hedge Fund Proposes Revamped Hess Board to End Proxy Fight
    May 14, 2013

    (Reuters) - The activist investor engaged in a proxy battle with Hess Corp has proposed a new board for the oil producer that would include all nominees put forward by both sides ahead of a vote on Thursday. Hedge fund Elliott Management Corp, which ow...

    BMW CEO Expects i3 Electric Car to Contribute to Group Profit
    May 14, 2013

    MUNICH (Reuters) - German premium automaker BMW expects to reap a "positive" contribution to group profit from every i3 electric vehicle sold, Chief Executive Norbert Reithofer said on Tuesday. BMW will start selling its Megacity electric veh...

    BlackBerry CEO May Announce Lower-Priced Phone
    May 14, 2013

    TORONTO (AP) — The CEO of BlackBerry-maker Research In Motion will deliver a keynote speech amid speculation that he'll introduce a lower-priced version of the BlackBerry at the company's annual three-day conference in Orlando, Fla.

    Sharp Reshuffles Management After Record Loss
    May 14, 2013

    The Japanese electronics maker said that Kozo Takahashi, an executive vice president, will become its president and chief executive in a reshuffle aimed at helping restore profitability.    

    Enron, Ethics and Today’s Corporate Values
    May 14, 2013

    Enron?s heyday has long ended. But its lessons will long endure. The global business community is now watching a painful new chapter is this saga -- one where its former high-riding chief executive officer, Jeff Skilling, is getting a decade shaved off...

    ABB Chief Hogan to Stand Down
    May 13, 2013

    ABB says the exit of CEO Joe Hogan after almost five years at the reins is due to 'private reasons.'

    Dimon May Leave JPMorgan Chase If Dual Role Is Split: Report
    May 13, 2013

    Should JPMorgan Chase shareholders vote to separate CEO and Chairman Jamie Dimon's roles, he may consider exiting the company.

    Ranbaxy in $500 Million Settlement of Generic Drug Case
    May 13, 2013

    The generic drug maker Ranbaxy pleaded guilty to federal drug safety violations at two of its plants in India and will pay a $500 million fine.    

    Hess to Split Chairman, CEO Roles
    May 13, 2013

    Hess agreed to split its chairman and CEO roles, nominating former General Electric Vice Chairman John Krenicki to the nonexecutive chairman position.

    IPOs Set to Raise Most Cash Since Crisis
    May 13, 2013

    U.S. companies are on track to raise the most money through IPOs since before the financial crisis, a new Dealogic study finds.

    Hedge Fund Rejects Proposal by Hess to End Proxy Fight
    May 13, 2013

    Hess said it was prepared to support two of the five nominees put forward by the activist hedge fund Elliott Management, but the proposal was promptly rejected by Elliott.

    Verizon Wireless to Pay Parents Surprise $7 Billion Dividend
    May 13, 2013

    Verizon Wireless, the biggest U.S. mobile service provider, said on Monday it would pay its parents Verizon Communications and Vodafone Group Plc a dividend of $7 billion in June, surprising some analysts who had not expected a big payout.  &...

    Turkish Air CEO to Take Leave
    May 13, 2013

    Turkish Airlines said its CEO was about to go on leave, but denied reports of a boardroom power struggle at the airline, which has been embroiled in a series of controversies touching on thorny debates over Turkey's political future.

    Barclays Wins Dismissal of U.S. Shareholder Lawsuit over Libor
    May 13, 2013

    By Jonathan Stempel (Reuters) - Barclays Plc , the first bank to settle with authorities over alleged manipulation of the Libor interest rate, on Monday won the dismissal of a U.S. lawsuit by shareholders who claimed they lost money because of the Brit...

    LinkedIn Looks to Build Resume
    May 13, 2013

    MOUNTAIN VIEW, Calif. (AP) — LinkedIn and Facebook will celebrate the anniversaries of their IPOs just a few days apart this week. But their experiences as publicly traded companies couldn't be more different.

    Forging Its Own Path, British Hedge Fund Finds Success
    May 13, 2013

    Cantab Capital Partners has been turning heads in London and New York with a new fund that aggressively undercuts its competitors on fees.

    Transocean Chairman to Step Down After Icahn Attack
    May 13, 2013

    By Braden Reddall (Reuters) - Transocean Ltd said on Monday that Chairman Michael Talbert will step down later this year, in a move that comes just days before the culmination of a fight between the offshore driller and investor Carl Icahn in which Tal...