LONDON, Oct 1- Britain's financial watchdog has launched a full investigation into the Tesco accounting scandal that has now wiped 4 billion pounds from the troubled grocer's stock market value.» Read More
The chief financial officer of General Electric said Friday he is "not losing sleep" over the possible slowing of the U.S. economy, driven by troubles in the housing market.
AT&T Inc. said Thursday that the head of its wireless unit, Stan Sigman, was retiring, and it appointed Ralph de la Vega as his successor.
The chief executive of BP on Thursday outlined a plan to address industry-lagging profitability by slashing management layers, adopting consistent procedures for developing oil and gas fields and reducing "unacceptably high" costs.
An analysis of executive compensation disclosures by 350 companies found it "difficult" to understand how companies used performance targets to set pay levels, according to a U.S. Securities and Exchange Commission staff review released on Tuesday.
McCormick said Monday that Alan Wilson, the spice company's chief operating officer, will take over as chief executive as of Jan. 1, replacing Robert Lawless, who plans to retire as CEO.
Wyeth said it named Chief Operating Officer Bernard Poussot to the position of chief executive officer of the company, effective Jan. 1, 2008.
Children's Place Retail Stores Wednesday fired Chief Executive Ezra Dabah and named board member Chuck Crovitz as interim CEO, sending its shares up as much as 9 percent.
Eastman Kodak named Philip Faraci president and chief operating officer Monday, as the photography pioneer continues a four-year drive toward sustained growth in digital markets.
General Mills, the maker of Cheerios cereal and Progresso soup, on Monday promoted president and chief operating officer Ken Powell to chief executive.
FedEx shareholders may vote Monday to separate the role of chairman and chief executive officer at the company's annual meeting.
Oil and gas services provider Noble said Friday that Mark A. Jackson has resigned as chairman, president and chief executive, effective immediately, and will be replaced on an interim basis by William A. Sears.
Lehman Brothers, the Wall Street investment bank, named Erin Callan as chief financial officer on Thursday, replacing Christopher O'Meara, who will become global head of risk management.
Marsh & McLennan said Friday that Brian Storms, CEO of the insurance broker's main operating subsidiary Marsh Inc., had been ousted. His departure, effective immediately, follows a 21 percent decline in Marsh & McLennan's stock price since May because of its financial underperformance.
Drug distributor AmerisourceBergen on Monday said Kurt Hilzinger resigned as chief operating officer and director to join a private equity firm and will not be replaced.
It’s almost four years at the helm of Citigroup for Chuck Prince, and the stock is virtually unchanged. CNBC’s Charlie Gasparino joins the panel to discuss the pressure that the Street is putting on Prince and Citi.
Coca-Cola's CEO Neville Isdell indicated he would stay on at the helm of the global drinks group after he turns 65 next year, the Financial Times reported on Friday.
Low-cost carrier JetBlue Airways said Wednesday that it had named Chief Operating Officer Russ Chew to the post of president. Chew, 54, succeeds Chief Executive David Barger as president of the discount airline.
Leap Wireless International, which is reviewing a buyout offer from MetroPCS Communications, said Wednesday that board member James Dondero has resigned from the Leap board, effective Sept. 10.
Sears Holdings said Monday that J. Miles Reidy, an executive at Capital One Financial, will join the department store operator as chief financial officer starting in October.
China will produce half the world's aluminium by the end of the next decade and will be largely self sufficient in the metal through 2010, a top executive at producer Alcan said on Friday.
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