Video rental chain Blockbuster named Monday James Keyes as its new chairman and chief executive to replace current CEO John Antioco , who agreed to leave after a dispute over his pay package.
The first half of the year saw its share of record highs for both the Dow and S&P 500 but also the return of market volatility, with a February mini-correction that surprised many, anxiety over subprime lending and interest rates and a healthy dose of M&A.
Liz Claiborne President Trudy Sullivan is leaving the company to become the chief executive of Talbots, the apparel companies said on Friday.
JetBlue Airways appointed director Joel Peterson to the newly-created post of vice chairman.
Commerce Bancorp, under fire for its business dealings with insiders, on on Friday said that Chairman and Chief Executive Officer Vernon Hill is leaving the company, and that it has settled two federal regulatory probes.
I’ve detailed in this space how Monday morning is often replete with news of multibillion-dollar takeover deals. This makes perfect sense, because the weekend provides a quiet few days to hammer out details behind closed doors. But we’ve had to put the alliterative “Merger Monday” moniker on hold, while deals moved to other days of the week: I’m not sure there have been too many Wednesdays with as many deals as we saw today...
Wells Fargo, the fifth-largest U.S. bank, on Wednesday named John Stumpf chief executive, replacing Richard Kovacevich, who will remain chairman.
Blackstone Group had a stellar debut on the New York Stock Exchange Friday. The successful offering marks the biggest U.S. IPO in five years, and could open the floodgates for other alternative investment funds to go public. But the private-equity boom is coming under growing fire in Washington, with Congress moving to increase taxes on hedge funds and private-equity firms.
The most eagerly awaited IPO in years priced late Thursday -- at $31 per share -- and starts trading Friday, signaling the beginning of what some are calling a new era for private equity.
Blackstone Group issued compensation details for the first time Monday, disclosing in a filing that its co-founders will receive at least $2.33 billion the private equity firm goes public.
Investors in Yahoo abandoned their initial excitement over a management switch at the Internet media company, sending its shares lower on expectations that little real change was in the works.
While day one of the Paris Air Show might have belonged to Airbus, day two saw Boeing mount a comeback, announcing an $8.8 billion deal with ILFC for 63 planes including 50 new orders for the 787, or "Dreamliner."
Internet portal Yahoo announced the resignation of Terry Semel. Semel will be replaced by co-founder Jerry Yang. Susan Decker, Yahoo's head of advertising and former chief financial officer, was also named president.
Casino operator Trump Entertainment Resorts Inc. said Monday its President and Chief Executive James B. Perry will retire on July 1.
Shareholders at the annual meeting of Yahoo voted down proposals to control executive pay and challenging the company's human rights policies in China, a supervisor of the votes said on Tuesday.
Private-equity powerhouse Blackstone Group LP said Monday that Chief Executive Stephen Schwarzman made $400 million in 2006 -- almost double the combined compensation for the CEOs of Wall Street's five biggest investment banks.
At Yahoo's annual shareholder meeting today, CEO Terry S. Semel is expected to face criticism for the stock's recent performance."I think that there's been a complete mismatch in the CEO's pay package and the performance of the stock over the last three years," Susquehanna Financial Group Internet Analyst Marianne Wolk said on "Squawk on the Street."
Yahoo! is a top Internet destination -- but that hasn't brought bliss to all of the Web portal's shareholders. One particularly disgruntled stockholder is Eric Jackson, president and CEO of Jackson Leadership Systems. He explained to "Closing Bell" viewers why he intends to hold Yahoo! CEO Terry Semel's "feet to the fire" at the company's annual shareholder meeting on Tuesday.
Qwest Communications International Chief Executive Richard Notebaert, credited with leading the U.S. phone company toward recovery from losses and massive debt, said Monday that he would retire.
This is CNBC.com's real-time coverage of Apple CEO Steve Jobs delivering the keynote at the Apple Worldwide Developers Conference in San Francisco.