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.
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.
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.
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...
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...
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.
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.
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...
May 13, 2013
ABB says the exit of CEO Joe Hogan after almost five years at the reins is due to 'private reasons.'
May 13, 2013
Should JPMorgan Chase shareholders vote to separate CEO and Chairman Jamie Dimon's roles, he may consider exiting the company.
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.
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.
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.
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.
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. &...
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.
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...
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.
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.
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...
