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.» Read More
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.
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.
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.
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.
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.
The companies increasing spending on upgrading equipment and facilities are actually investors’ favorites, USA Today reports.
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.
*Recent successes include Spain's Gowex. LONDON, Aug 12- Fund managers are increasingly turning to investigative tactics, detailed accounting analysis and corporate sleuthing in a bid to uncover skeletons in company closets that can offer an investment edge in a low-yield world.
Aug 11- Packaged foods maker ConAgra Foods Inc said long-time Chief Executive Gary Rodkin would retire in May 2015 at the end of the company's fiscal year.
OMAHA, Neb.— ConAgra Foods Inc. CEO Gary Rodkin plans to retire in May 2015, at the end of the packaged food company's fiscal year. The 62- year-old Rodkin joined Omaha, Nebraska- based ConAgra in October 2005. ConAgra Foods shares rose 42 cents, or 1.4 percent, to $31.38 in midday trading Monday.
Aug 11- Packaged foods maker ConAgra Foods Inc said long-time Chief Executive Gary Rodkin would retire in May 2015 at the end of the company's fiscal year. The company, whose products include Slim Jim meat snacks and Healthy Choice frozen meals, said it had set up a search committee to find a successor.
The directors said last week they had proposed that fired CEO Arthur T. Demoulas and his management team return, without taking control, to assist a return to normal operations as talks continue on his bid to buy out other family members who own a majority of the company. Demoulas was fired in June by a board controlled by his rival cousin, Arthur S. Demoulas.
Aug 7- Cliffs Natural Resources Inc, an iron ore and coal producer, said on Thursday that Lourenco Goncalves, a former steel company executive, was named to run the company after activist investor Casablanca Capital triumphed in a proxy battle.
Aug 7- Cliffs Natural Resources Inc, an iron ore and coal producer, said on Thursday that Lourenco Goncalves, a former steel company executive, was named to run the company after activist investor Casablanca Capital triumphed in a proxy battle. New York- Casablanca, which has a 5.2 percent stake in Cliffs, claimed the company was destroying shareholder value.
Aug 7- Retailer Canadian Tire Corp reported a higher quarterly profit and named Michael Medline chief executive, effective Dec. 1. Medline, who will also serve as the president, will take over from Stephen Wetmore, who has agreed to remain on the board in a new, non-executive position of deputy chairman, Canadian Tire said on Thursday.
Aug 6- Sprint Corp, the No. 3 U.S. mobile carrier, named Marcelo Claure as its new chief executive, effective Aug. 11. Claure, 43, will replace Dan Hesse, who has been CEO since 2007, Sprint said in a statement on Wednesday. Claure founded mobile phone distributor Brightstar Corp, which was acquired last year by Sprint's Japanese parent, SoftBank Corp..
LONDON, Aug 6- Rio Tinto Chairman Jan du Plessis will become an independent non-executive director of brewer SABMiller Plc next month, with plans to become chairman next year. A spokesman for SABMiller, the world's second-largest brewer, said it was "not unusual for board members to have multiple roles on companies and other outside commitments".
Aug 4- For-profit college operator ITT Educational Services Inc said Chief Executive Kevin Modany has stepped down as chairman of its board and will resign from his post, effective Feb. 4. ITT said the potential buyer, College Portfolio Buyer LLC, dropped out after ITT refused to extend a due diligence period.
FRANKFURT, Aug 4- German industrial services and construction group Bilfinger SE said Chief Executive Roland Koch would quit, taking responsibility for a second cut in its 2014 earnings outlook since end-June.
Aug 1- Procter& Gamble Co, the world's largest household products maker, said it could sell about half of its brands in the next two years and cut jobs to revive sales growth and save costs, sending its shares up as much as 4.3 percent. Twenty-three of the brands have sales of between $1 billion and $10 billion. "Less will be much more," Chief Executive A.G. Lafley said.
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