NEW YORK— Former House Majority Leader Eric Cantor is joining investment bank Moelis& Co. as vice chairman and managing director. Cantor— who had a surprising loss to David Brat in Virginia's June primary— will also become a board member, the New York company said Tuesday. Representative for Virginia's 7th Congressional District.» Read More
AIG CEO Benmosche learned in May that he had less than a year to live, leading to his decision to resign earlier, Bloomberg Businessweek reported.
The percentage of big companies with a COO went from roughly 48 percent in 2000 to 35 percent in 2013. USA Today reports.
NEW YORK, Aug 27- A federal judge on Wednesday ordered PricewaterhouseCoopers to face a $1 billion lawsuit claiming that its bad accounting advice was a substantial cause of the October 2011 bankruptcy of MF Global Holdings Ltd, a brokerage run by former New Jersey Governor Jon Corzine.
A former acting director of cybersecurity at the Department of Health and Human Services has been convicted of several child pornography counts.
AT&T NAMES GLENN LURIE, FORMER HEAD OF EMERGING ENTERPRISES AND PARTNERSHIPS, CEO OF AT&T MOBILITY.
WASHINGTON, D.C., Aug 22- The U.S. chief technology officer who oversaw the troubled rollout of Healthcare.gov is stepping down and moving into a new role recruiting top Silicon Valley talent into government, a source familiar with the situation said on Friday.
Aug 22- McDonald's Corp is changing the leadership at its struggling U.S. division for the second time in two years in a move that may signal increased pressure on Chief Executive Officer Don Thompson.
The bosses at VMS, a credit card processing company in Illinois hand over control of the business to their employees who must address the office dysfunction.
Aug 21- Home Depot Inc named retail industry veteran Craig Menear as its chief executive, four months after he was appointed as head of the home improvement chain's U.S. retail business. Menear, 56, joined Home Depot in 1997 as a merchandising manager.
Aug 21- Home Depot Inc named Craig Menear its chief executive, replacing Frank Blake, who will stay on as chairman.
Home Depot named Craig Menear as CEO and president on Thursday effective November 1, 2014.
Fir Tree Partners stepped up its calls to replace the car rental company's chief executive, saying CEO Mark Frissora "has completely lost credibility."
Family Dollar spurns Dollar General takeover bid on antitrust issues, backs Dollar Tree deal Justice Dept. announces nearly $17 billion settlement with Bank of America Accounting obscurities mean US settlement with Bank of America might not cost bank $17 billion S&P 500 approaches another record high close; Hewlett-Packard gains on earnings US existing home sales rise for 4th straight month in latest sign of housing rebound Measure of economy's future health posts 0.9 percent rise in July, biggest gain since March United Airlines is improving first class meal offerings in push to win over business travelers Sears 2nd- quarter loss widens as retailer continues to deal with sluggish sales Applications for US jobless aid fall by 14 K to 298 K, another sign the job market is healing Reports: Russia conducts checks at McDonald's restaurants after 4 are shuttered in Moscow
NEW YORK— Retailer Aaron's said Thursday that longtime Chief Financial Officer Gilbert Danielson will become its interim CEO at the end of August. Aaron's announced earlier this month that CEO Ronald Allen will retire Aug. 31. Aaron's Inc. sells and leases furniture and accessories and offers flexible payment plans for people with credit problems.
US stocks open higher, sending S&P 500 above its record high close; Hormel gains on earnings Family Dollar spurns Dollar General takeover bid on antitrust issues, backs Dollar Tree deal Justice Dept. announces nearly $17 billion settlement with Bank of America Accounting obscurities mean US settlement with Bank of America might not cost bank $17 billion US existing home sales rise for 4th straight month as supply grows, price gains moderate United Airlines is improving first class meal offerings in push to win over business travelers Sears 2nd- quarter loss widens as retailer continues to deal with sluggish sales Applications for US jobless aid fall by 14 K to 298 K, another sign the job market is healing Reports: Russia conducts checks at McDonald's restaurants after 4 are shuttered in Moscow US home sales pace likely slowed in July from previous month
HOUSTON— BP PLC said Wednesday that it has hired David Lawler as CEO of the oil and gas company's U.S. business, which is gearing up to spin off into its own separate company. Lawler, 46, will join BP on Sept. 15. U.S.-listed shares of London- based BP slipped 14 cents to $48.16 in afternoon trading Wednesday.
Ex-Microsoft CEO Steve Ballmer stepped down from the company's board.
India elected Narendra Modi as its prime minister this year on a pro-business agenda. Here's what he's done so far.
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.
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