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  • Hertz withdraws 2014 outlook, and shares skid Tuesday, 19 Aug 2014 | 7:09 PM ET

    NEW YORK— Rental car company Hertz on Tuesday said it was withdrawing its annual profit guidance because of "operational challenges" posed by auto recalls, an accounting review and other problems. Earlier this month, Hertz delayed filing its second-quarter results because of that review.

  • Ballmer steps down from Microsoft board Tuesday, 19 Aug 2014 | 2:43 PM ET

    Microsoft published Ballmer's resignation letter on its website Tuesday along with a response from current CEO Satya Nadella thanking him and wishing him well. The 58- year-old says he plans to hold on to his Microsoft stock and will continue to offer feedback on products and strategy.

  • Steve Ballmer steps down from Microsoft board Tuesday, 19 Aug 2014 | 2:37 PM ET
    Steve Ballmer

    Ex-Microsoft CEO Steve Ballmer stepped down from the company's board.

  • Allergan names Hindman chief financial officer Monday, 18 Aug 2014 | 1:12 PM ET

    IRVINE, Calif.— Botox maker Allergan, which is fighting a hostile takeover bid from Valeant Pharmaceuticals, has named longtime executive Jim Hindman its new chief financial officer. Allergan Chairman and CEO David E.I. Pyott said in a statement from the company that Edwards told him back in February that he was thinking about stepping down later in the year.

  • The man who would remake India: A 90-day scorecard Monday, 18 Aug 2014 | 12:03 PM ET
    Indian Prime Minister Narendra Modi waves as he leaves after the commissioning ceremony of the warship INS Kolkata at a naval base in Mumbai on Aug. 16, 2014.

    India elected Narendra Modi as its prime minister this year on a pro-business agenda. Here's what he's done so far.

  • DreamWorks Animation names DirecTV exec. as CFO Monday, 18 Aug 2014 | 9:59 AM ET

    GLENDALE, Calif.— DreamWorks Animation, the company behind the "Shrek" and "How to Train Your Dragon" movies, said Monday it hired DirecTV executive Fazal Merchant as its new chief financial officer. Merchant was most recently CFO and senior vice president at DirecTV's Latin America unit, which provides satellite TV services.

  • Aug 15- Chinese mobile-security software maker NQ Mobile Inc's Chief Financial Officer KB Teo resigned, citing family reasons, amid a buyout offer and a delay in filing its annual report. NQ Mobile said Teo's resignation, effective Aug. 22, was not related to the company's operations, policies or accounting practices.

  • Aug 15- Deloitte LLP's Chief Executive Officer Joe Echevarria plans to retire later this month to follow his interest in public service, the accounting and consulting firm said on Friday. Deloitte LLP is the member firm of Deloitte Touche Tohmatsu Limited, a UK private company. Subsidiaries of Deloitte LLP include audit firm Deloitte& Touche LLP.

  • UPDATE 1-NQ Mobile CFO resigns, cites family reasons Friday, 15 Aug 2014 | 11:49 AM ET

    Aug 15- Chinese mobile-security software maker NQ Mobile Inc's Chief Financial Officer KB Teo resigned, citing family reasons, amid a buyout offer and a delay in filing its annual report. NQ Mobile said Teo's resignation, effective Aug. 22, was not related to the company's operations, policies or accounting practices.

  • Aug 15- One of Cliffs Natural Resources Inc's few incumbent directors has stepped down and delivered a stinging resignation letter, filings showed on Friday, as the miner separately said it was on the hook for millions of dollars in payments to its former chief executive officer and others in the wake of a proxy fight.

  • NQ Mobile CFO resigns, cites family reasons Friday, 15 Aug 2014 | 8:04 AM ET

    Aug 15- Chinese mobile-security software maker NQ Mobile Inc said Chief Financial Officer KB Teo resigned for family reasons, sending its shares down 33 percent in premarket trading. NQ Mobile said Teo's resignation, effective Aug. 22, was not related to the company's operations, policies or accounting practices.

  • Alibaba film unit finds possible accounting issues Friday, 15 Aug 2014 | 12:44 AM ET

    HONG KONG— The recently acquired film unit of Chinese e-commerce giant Alibaba said Friday that a review has uncovered possible accounting irregularities. The disclosure by Alibaba Pictures Group comes as its parent company readies for what's expected to be a mammoth initial public offering in New York next month.

  • HONG KONG, Aug 15- Alibaba Pictures Group Ltd, the recently formed film and TV unit of Alibaba Group, said on Friday it had found possible accounting irregularities and asked for its Hong Kong- listed shares to be suspended until further notice.

  • Iraq's al-Maliki steps aside as PM, backs replacement Thursday, 14 Aug 2014 | 7:35 PM ET
    Iraqi Prime Minister Nouri al-Maliki

    Nouri al-Maliki has given up his fight to remain prime minister of Iraq and now supports his successor, Haider al-Ibadi, state television reported Thursday.

  • St. Joe Co says CEO Park Brady has retired Thursday, 14 Aug 2014 | 10:34 AM ET

    NEW YORK— St. Joe Co. said Thursday that CEO Park Brady is retiring after three years with the company. Jeffrey Keil will be president and interim CEO of the Watersound, Florida, company. Shares of St. Joe Co. rose 27 cents to $22.40 in morning trading.

  • 20 big profitable US companies paid $0 in taxes Wednesday, 13 Aug 2014 | 10:50 AM ET
    A Merck sign in front of the company's building in Summit, New Jersey.

    These 20 S&P 500 companies reported effective tax rates of 0% or lower in the second calendar quarter, despite reporting a profit during the period.

  • Jo-Ann Fabric president and CEO Smith steps down Tuesday, 12 Aug 2014 | 4:01 PM ET

    NEW YORK— The CEO of Jo-Ann Fabric is stepping down immediately as president and CEO, the retailer said Tuesday. The company did not specify a reason for the departure of Travis Smith. Jo-Ann Fabric and Craft Stores has been owned by the private equity firm Leonard Green& Partners since 2011. It has 830 stores in 49 states.

  • Darden board vulnerable as activists circle -analysts Tuesday, 12 Aug 2014 | 2:56 PM ET

    Aug 12- Darden Restaurants Inc's board looks vulnerable to a key activist shareholder's push for a shakeup that could pave the way for broader changes at the underperforming owner of Olive Garden and LongHorn Steakhouse.

  • 11 companies spending money to make money Tuesday, 12 Aug 2014 | 10:53 AM ET

    The companies increasing spending on upgrading equipment and facilities are actually investors’ favorites, USA Today reports.

  • Hertz delays filing of 2Q financial results Tuesday, 12 Aug 2014 | 9:25 AM ET

    NEW YORK— Hertz is delaying filing its second-quarter financial results because of its ongoing review of some accounting errors. The spinoff will leave Hertz with the Hertz, Dollar, Thrifty and Firefly rental car businesses and Donlen, which provides fleet leasing and management services. Shares of Hertz shed 30 cents to $27.75 in premarket trading.

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