Management
Apple's Steve Jobs named world's best-performing CEO
For increasing his company's market cap a whopping $150 billion in the last 12 years, Apple co-founder Steve Jobs was named the best-performing CEO in the world.
Britain mired in longest, deepest postwar recession
Britain is officially suffering its deepest post-war recession after the Office for National Statistics revealed today a smaller-than-expected revision to weak growth figures in the three months to September.
Ford offers buyouts to all 41,000 UAW workers
Ford Motor Co (F.N) said on Monday it is offering its 41,000 U.S. factory workers buyouts and early retirement offers in a bid to reduce its payroll costs as it aims to return to profit by 2011.
Spyker Extends Deadline For Talks On GM's Saab
Dutch sportscar maker Spyker NV (SPYKR.AE) has extended the deadline of its offer to take over General Motors Co.'s Saab Automoble AB unit until further notice.
German consumer confidence slips again
A survey released Tuesday showed that consumer confidence in Germany, Europe's biggest economy, continued to decline amid fears of job losses.
Botox tax spared in U.S. healthcare fight
In the rush to fund a U.S. healthcare overhaul, Botox injections to smooth wrinkles will not be taxed, but visiting a tanning salon will be.
New York Fed Chairman, With Ties to Goldman, Resigns
The chairman of the Federal Reserve Bank of New York, Stephen J. Friedman, abruptly resigned on Thursday, days after a newspaper article raised questions about his ties to his former employer, Goldman Sachs.
Fannie Mae’s Allison Said to Be Leading Candidate to Run TARP
Fannie Mae Chief Executive Officer Herb Allison is the leading candidate to run the Treasury office overseeing the $700 billion U.S. bank-rescue program, according to a person familiar with the matter.
Mumbai Terror: Yes Bank non-exe chairman dead
Ashok Kapur, non-executive chairman of private sector lender Yes Bank, has been killed by terrorists in the Trident-Oberoi hotel complex in Mumbai.
AIG chief slashes salary to $1
NEW YORK (CNNMoney.com) -- AIG Chief Executive Edward Liddy agreed to slash his annual salary to $1 as part of a series of voluntary pay restrictions by top executives tied to a massive $150 billion government bailout.
China's richest man disappears
CHINA'S richest man, the $US6 billion ($A9.5 billion) electronics magnate Huang Guangyu, has disappeared from his home into a vortex of speculation about corruption and stock market manipulation.
Steve Jobs' Nine Lives
BURLINGAME, CALIF. - The U.S. Securities and Exchange Commission is investigating a post made to CNN's iReport Web site after a "citizen blogger" claimed Friday that Apple Chief Executive Steve Jobs was rushed to a hospital after suffering a heart...
CEO, 5 other Washington Mutual executives leaving
WASHINGTON (AP) — The CEO of failed Washington Mutual Inc. and five other senior executives of the largest U.S. thrift, now owned by JPMorgan Chase & Co., are leaving their positions soon.
Now, headhunters target Lehman's top management in India
NEW DELHI: The phone hasn’t stopped ringing for Lehman Brothers’ top brass in India and the calls are not from sympathisers — headhunters and rival companies are chasing the top management of the bankrupt investment banking firm with job offers.
New Boss Aids Sanofi's American Dream
LONDON - The revelation that GlaxoSmithKline's Chris Viehbacher would take the top spot at France's Sanofi-Aventis gave a boost to Sanofi's shares on Wednesday, with the new boss likely to revamp the pharmaceutical firm's position in the United St...
Chief Forced Out at Washington Mutual
The longtime chief executive of Washington Mutual, the country’s biggest savings and loan, has been forced out because of the company’s mounting losses, people briefed on the matter said Sunday night.
BP, Billionaires Settle TNK-BP Dispute; CEO to Resign
Sept. 4 (Bloomberg) -- BP Plc and its billionaire partners in TNK-BP, Russia's third-largest oil company, agreed to remove the chief executive officer and expand the board to resolve an eight-month dispute that threatened BP's future in the country.
iRobot co-founder and CTO to step down
Co-founder of iRobot Rodney Brooks is leaving his post as chief technology officer to concentrate on a new robotics company, iRobot announced Tuesday.
Finance Secretary D Subbarao appointed RBI Governor
NEW DELHI/MUMBAI: The government on Monday appointed finance secretary Duvvuri Subbarao as the new governor of the Reserve Bank of India (RBI). He will succeed Dr Y V Reddy, whose term ends on September 5.
Noted industrialist K K Birla dies at 90
Kolkata: K K Birla, noted industrialist and former Rajya Sabha member died this morning at his residence Birla Park here after a brief illness. He was 90. The Chairman of Hindustan Times and several Birla group of industries is survived by three d...