CALGARY, July 30- Penn West Petroleum Ltd said it has uncovered accounting irregularities that misclassified nearly C $300 million in expenses over the last four years, and the Canadian oil producer will restate its results.» Read More
July 28- Darden Restaurants Inc said on Monday that Clarence Otis would step down as chairman and chief executive officer, buckling under pressure from activist investors Barington Capital Group LP and Starboard Value LP.
Darden Restaurants said CEO and chairman Clarence Otis is resigning as the company focuses on its Olive Garden chain following the Red Lobster sale.
July 28 (Reuters)- Darden Restaurants Inc said Clarence Otis would step down as chairman and chief executive officer, buckling under pressure from activist investors Barington Capital Group LP and Starboard Value LP.
NEW YORK— Darden Restaurants CEO and Chairman Clarence Otis is stepping down as the company fights to fix its flagship Olive Garden chain following its contested sale of Red Lobster. The company has been pressured to turn around declining sales at Olive Garden and Red Lobster.
CNBC's Bertha Coombs reports Darden CEO Clarence Otis will step down from chairman and CEO roles.
*Warns risks of China partner, future of all-inclusive model. PARIS, July 25- Club Mediterranee's board of directors on Friday advised that a 790 million euro takeover offer for the holiday group from Italian financier and top shareholder Andrea Bonomi was in shareholders' interest.
Creating the perfect board: lawyers, accountants and ... a therapist? Yeah, maybe.
DENVER— Molson Coors Brewing President and CEO Peter S. Swinburn will retire at the end of the year. The brewing company said Friday that Swinburn will be succeeded in the posts by Mark R. Hunter, who currently serves as CEO and president of Molson Coors Europe.
Facebook's record close on Thursday, fueled by earnings, added $1.6 billion to CEO Mark Zuckerberg's bottom line. USA Today reports.
According to Wal-Mart's 8-K filing, U.S. CEO Bill Simon's retirement package includes $9.17 million.
NEW YORK— Wal-Mart is replacing the chief of its U.S. discount stores in what could be an indication that it's losing confidence that its largest business unit will rebound after more than a year of disappointing results.
*IFRS 9 published by Intl Accounting Standards Board. *EU endorsement needed to apply new rule in Europe. The IASB, whose rules are applied in over 100 countries, including Europe but not in the United States, said it was its final reform in response to the 2007-09 crisis.
HONG KONG, July 23- Global derivatives trade group, the International Swaps and Derivatives Association, said on Wednesday it had appointed leading U.S. regulator Scott O'Malia as its chief executive.
BATS Global Markets' President William O'Brien has left the company. Insight to his exit, with CNBC's Bob Pisani.
BATS Global Markets, a global operator of securities markets, announced in a release on Tuesday that its president, William O'Brien, has left.
A former grocery store chain president has asked his family company to reinstate employees who were fired for protesting his termination.
Boards have long shunned speaking with investors. Now, they are being pressed to open up. The NYT reports.
NEW YORK— Clothing and accessories chain Express Inc. said Monday that Michael Weiss will retire as CEO on Jan. 30. David Kornberg, the Columbus, Ohio, company's president, will replace Weiss. Weiss was the CEO of Express from 1997 to 2004, and he returned to the company in July 2007.
WATERLOO, Ontario— BlackBerry has appointed Marty Beard, the former chief executive of LiveOps, Inc. as its new chief operating officer. Beard starts immediately and will be responsible for such things as marketing, BlackBerry 10 app development and customer care and quality.
Microsoft's mangled layoff memo offers a lesson in how to write a crappy, insensitive note to employees, says career coach Marie McIntyre.
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