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  • Home Depot names Craig Menear CEO Thursday, 21 Aug 2014 | 4:39 PM ET

    Aug 21- Home Depot Inc named Craig Menear its chief executive, replacing Frank Blake, who will stay on as chairman.

  • Home Depot taps Craig Menear as CEO Thursday, 21 Aug 2014 | 4:24 PM ET

    Home Depot named Craig Menear as CEO and president on Thursday effective November 1, 2014.

  • Fir Tree says Hertz CEO has 'lost credibility' Thursday, 21 Aug 2014 | 4:04 PM ET
    Mark Frissora, CEO and chairman of Hertz

    Fir Tree Partners stepped up its calls to replace the car rental company's chief executive, saying CEO Mark Frissora "has completely lost credibility."

  • AP Top Extended Financial Headlines At Noon EDT Thursday, 21 Aug 2014 | 11:55 AM ET

    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

  • Aaron's longtime CFO Danielson will be interim CEO Thursday, 21 Aug 2014 | 11:15 AM ET

    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.

  • AP Top Extended Financial Headlines At 10:15 a.m. EDT Thursday, 21 Aug 2014 | 10:15 AM ET

    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

  • BP names David Lawler CEO of US business Wednesday, 20 Aug 2014 | 2:06 PM ET

    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.

  • 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.

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