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  • Jan 6- Morgan Stanley on Wednesday promoted its investment banking chief, Colm Kelleher, to president, making him the heir apparent to current Chief Executive James Gorman, and prompting Greg Fleming, the head of wealth management, to depart. Fleming, who was once seen as a likely successor to Gorman before losing out in a management reshuffle in October, on...

  • Jan 6- Drugmaker Valeant Pharmaceuticals International Inc on Wednesday named Howard Schiller as interim chief executive officer to replace Michael Pearson, who has been on medical leave due to pneumonia. Before Valeant, he worked in investment banking at Goldman Sachs for 24 years. Valeant shares were down 3 percent at $97.19 in premarket New York trading.

  • Valeant appoints Howard Schiller interim CEO Wednesday, 6 Jan 2016 | 8:34 AM ET

    Jan 6- Canadian drugmaker Valeant Pharmaceuticals International Inc appointed Howard Schiller its interim chief executive, effective immediately. Schiller has stepped in for Michael Pearson, who remains hospitalized with a severe bout of pneumonia, Valeant said on Wednesday. Schiller was previously Valeant's chief financial officer from December 2011...

  • Jan 5- Spirit Airlines Inc on Tuesday named board member Robert Fornaro as chief executive officer in a move analysts say may nudge it towards a merger with Frontier Airlines and improve its results after a year of unit revenue decline. Fornaro headed AirTran Holdings Inc for nearly four years until Southwest Airlines Co bought it in 2011. Analysts say his...

  • Jan 5- Yum Brands Inc, the owner of Pizza Hut and KFC restaurant chains, said executive chairman and former CEO David Novak plans to retire in May. The company, which is spinning off its dominant China business, said it plans to appoint a non-executive chairman from its board. Novak, 63, will also step down from Yum's board, but will remain a shareholder at both Yum and...

  • Yum Brands' Chairman David Novak to retire in May Tuesday, 5 Jan 2016 | 4:40 PM ET

    Jan 5- Yum Brands Inc, the owner of Pizza Hut and KFC restaurant chains, said executive chairman and former CEO David Novak plans to retire in May. The company said it plans to appoint a non-executive chairman from the board. Novak was appointed chairman in January 2015.

  • Spirit Airlines appoints new CEO; shares soar Tuesday, 5 Jan 2016 | 11:27 AM ET

    Jan 5- Spirit Airlines Inc on Tuesday named board member Robert Fornaro as chief executive officer, sending its shares up nearly 7 percent. However, recent moves by larger rivals Delta Air Lines Inc and American Airlines Group Inc to match those low prices have hurt unit revenue and pushed Spirit's stock down 46 percent last year. Fornaro headed AirTran for...

  • UPDATE 1-GM appoints CEO Mary Barra chairman Monday, 4 Jan 2016 | 5:34 PM ET

    Jan 4- General Motors Co on Monday named Chief Executive Mary Barra as the chairman of its board, effective immediately, following a year in which Barra delivered strong financial results, quelled a shareholder uprising and put the worst of a recall scandal behind the automaker. Barra takes over as chairman from former Cummins Inc Chief Executive Theodore...

  • GM appoints CEO Mary Barra chairman Monday, 4 Jan 2016 | 2:48 PM ET

    Jan 4- General Motors Co named Chief Executive Mary Barra as the chairman of its board, effective immediately. Barra succeeds Theodore Solso, who will continue serving as the board's lead independent director, the company said on Monday. Barra's appointment as GM's chief executive in 2014 made her the first woman to lead a major U.S. automaker.

  • The Fed awakens: Star Wars and Jedi Janet Thursday, 31 Dec 2015 | 2:02 PM ET
    The Fed Awakens.

    On Dec. 16, two extraordinary things happened: "Star Wars: The Force Awakens" opened — and the Fed raised rates.

  • Amazon CEO Jeff Bezos wants an Oscar Wednesday, 30 Dec 2015 | 4:18 PM ET
    Jeff Bezos, chief executive officer of Amazon.com Inc.

    Amazon CEO Jeff Bezos, whose company picked up two Golden Globes and two Emmy Awards in 2015, seeks to earn an Academy Award.

  • 8 CEOs just scored $60B this year Wednesday, 30 Dec 2015 | 10:17 AM ET
    Amazon's Jeff Bezos

    Zuckerberg, Page, and Bezos are just a few CEOs who made billions this year, reports USA Today.

  • Women still getting shut out of CEO jobs Monday, 28 Dec 2015 | 12:52 PM ET
    Susan M. Cameron, CEO of Reynolds American

    The nation's largest companies remain laggards in terms of getting women into CEO positions.

  • Ouch! 5 CEOs lost $20 BILLION this year Monday, 28 Dec 2015 | 10:18 AM ET
    Nick Woodman, CEO, GoPro

    These leaders of Russell 1000 companies lost more on their companies' shares than any other CEOs this year. USA Today reports.

  • Valeant CEO hospitalized with severe pneumonia Monday, 28 Dec 2015 | 8:59 AM ET
    The headquarters of Valeant Pharmaceuticals International in Laval, Quebec.

    Valeant Pharmaceuticals on Monday said Chairman and CEO J. Michael Pearson will be on medical leave, effective immediately.

  • This will be hard to come by in 2016: Scott Sperling Monday, 28 Dec 2015 | 7:59 AM ET
    Merger M&A

    The hunt for growth through acquisitions will continue next year as the outlook for earnings remains fairly negative, THL Partners' Scott Sperling said.

  • Martin Shkreli (C), chief executive officer of Turing Pharmaceuticals and KaloBios Pharmaceuticals Inc, departs the U.S. Federal Court after an arraignment following him being charged in a federal indictment filed in Brooklyn, New York December 17, 2015.

    Turing Pharmaceuticals said it is seeking a new chief executive to replace Martin Shkreli, who has been charged with fraud, and will cut jobs in a restructuring.

  • What's behind skyrocketing drug prices Monday, 21 Dec 2015 | 1:37 PM ET
    Martin Shkreli.

    The latest drug-price increases are just the tip of the iceberg, explains former Medtronic CEO Bill George.

  • Dec 18- Martin Shkreli, the poster boy for large prescription drug price increases, has stepped down as chief executive of Turing Pharmaceuticals, the company said on Friday, following his arrest for securities fraud earlier this week. They co-founded another pharmaceutical company, Retrophin Inc, that is at the center of the securities fraud charges against...

  • Dec 18- Martin Shkreli, the poster boy for prescription drug price increases who was arrested for securities fraud this week, has stepped down from his post as chief executive officer of Turing Pharmaceuticals Inc, the company said on Friday. Shkreli has been under investigation for securities fraud related to hedge fund MSMB Capital Management and...