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  • Oct 13- J.C. Penney Co Inc named Home Depot Inc executive Marvin Ellison as its new chief on Monday, ending an 18- month search but barely allaying investor concerns over problems facing the money-losing department store chain. Ellison, 49, an industry veteran credited with reviving Home Depot's U.S. business, will join J.C. Penney as a board member in November, and...

  • What would Microsoft CEO's daughters say? Monday, 13 Oct 2014 | 5:12 PM ET
    Microsoft Chief Executive Officer Satya Nadella addresses the media in New Delhi, September 30, 2014.

    Here's what Marie McIntyre imagines Microsoft CEO Satya Nadella's daughters might say to him about their careers.

  • Fidelity Investments names Abigail Johnson as CEO Monday, 13 Oct 2014 | 5:02 PM ET

    NEW YORK— Fidelity Investments named Abigail Johnson chief executive of the financial services company, the third CEO of the company founded by her grandfather. Johnson, 52, is replacing her father, 84- year-old Edward Johnson, who has been CEO of Fidelity since 1977. He will stay on as chairman of the company's board. Abigail Johnson has worked at the Boston...

  • AP Top Financial News At 2:48 p.m. EDT Monday, 13 Oct 2014 | 2:48 PM ET

    Why drop in oil prices could squeeze US economy Ebola deflating hopes for 3 poor African economies US stocks waver between small gains and losses JC Penney names Ellison as its next CEO Poll: Many insured struggle with medical bills Frenchman wins Nobel for market power research Canadian Ebola vaccine to begin testing Top US, UK regulators do exercise on bank...

  • AP Top Financial News At 2:45 p.m. EDT Monday, 13 Oct 2014 | 2:45 PM ET

    Why drop in oil prices could squeeze US economy Ebola deflating hopes for 3 poor African economies US stocks waver between small gains and losses JC Penney names Ellison as its next CEO Poll: Many insured struggle with medical bills Frenchman wins Nobel for market power research Canadian Ebola vaccine to begin testing Top US, UK regulators do exercise on bank...

  • AP Top Financial News At 2:16 p.m. EDT Monday, 13 Oct 2014 | 2:17 PM ET

    Why drop in oil prices could squeeze US economy Ebola deflating hopes for 3 poor African economies US stocks waver between small gains and losses JC Penney names Ellison as its next CEO Poll: Many insured struggle with medical bills Frenchman wins Nobel for market power research Canadian Ebola vaccine to begin testing Top US, UK regulators do exercise on bank...

  • AP Top Financial News At 2:09 p.m. EDT Monday, 13 Oct 2014 | 2:09 PM ET

    Why drop in oil prices could squeeze US economy Ebola deflating hopes for 3 poor African economies US stocks waver between small gains and losses JC Penney names Ellison as its next CEO Poll: Many insured struggle with medical bills Frenchman wins Nobel for market power research Top US, UK regulators do exercise on bank failure Canadian Ebola vaccine to begin...

  • AP Top Financial News At 1:44 p.m. EDT Monday, 13 Oct 2014 | 1:44 PM ET

    Why drop in oil prices could squeeze US economy Ebola deflating hopes for 3 poor African economies US stocks waver between small gains and losses JC Penney names Ellison as its next CEO Poll: Many insured struggle with medical bills Frenchman wins Nobel for market power research Top US, UK regulators do exercise on bank failure Canadian Ebola vaccine to begin...

  • CORRECTION: Dogfish Head CEO story Monday, 13 Oct 2014 | 11:44 AM ET

    MILTON, Del.— In a story Oct. 9 about Dogfish Head Craft Brewery naming a chief executive officer, The Associated Press, relying on a member story, reported erroneously that founder Sam Calagione had stepped down as CEO of the brewery. MILTON, Del.— Delaware's Dogfish Head Craft Brewery has named a chief executive officer for the first time. Nick Benz was promoted to CEO...

  • TransDigm President-COO Laubenthal will retire Monday, 13 Oct 2014 | 10:49 AM ET

    NEW YORK— Aircraft parts maker TransDigm said Monday that Raymond Laubenthal is retiring as its president and chief operating officer after about nine years. TransDigm Group Inc. said Laubenthal will stay with the company through the end of 2014 as part of a transition period, and he will be appointed to the board of directors after he retires.

  • MILAN, Oct 13- Shares in Italy's Luxottica fell as much as 10 percent on Monday after the resignation of its second chief executive in as many months, exposing deepening tensions at the top of the world's biggest eyewear group. The maker of Ray-Ban and Oakley sunglasses announced on Sunday that CEO Enrico Cavatorta was quitting only six weeks after the...

  • Oct 13- J.C. Penney Co Inc ended a year long search for a chief executive, naming retail industry veteran Marvin Ellison to replace interim CEO Myron Ullman in August 2015. "With operational execution critical at this point in J.C. Penney's lifespan, Ellison's operational background is needed." J.C. Penney said Ellison would join on Nov. 1 as president and...

  • JC Penney's new CEO faces challenges Monday, 13 Oct 2014 | 8:56 AM ET

    NEW YORK— J.C. Penney has named a Home Depot executive as its next CEO. J.C. Penney's shares rose in premarket trading on the news. "The board has completed its search for the right CEO to lead the next stage of JC Penney's growth," said Thomas J. Engibous, chairman of J.C. Penney's board of directors in a statement.

  • Oct 13- J.C. Penney Co Inc said Marvin Ellison, Home Depot Inc's head of U.S. stores, would replace Myron Ullman as chief executive in August 2015. Ullman, who was CEO from 2004 to 2011, was brought back as interim CEO in April last year to stem a sales hemorrhage blamed on former CEO Ron Johnson. J.C. Penney said Ellison would join on Nov. 1 as president and CEO-designee.

  • JOHANNESBURG, Oct 13- The chief executive of the South African unit of Britain's Wonga has stepped down, a spokeswoman said on Monday, becoming the latest high-profile departure from the payday lender. Kevin Hurwitz, who launched Wonga in South Africa two years ago, resigned at the end of September to pursue other opportunities, spokeswoman Debbie Sharwood said,...

  • Luxottica CEO resigns     Monday, 13 Oct 2014 | 6:18 AM ET

    After less than two months on the job, Luxottica CEO Enrico Cavatorta reportedly resigned over disagreements with the company's founder, with CNBC's Becky Quick.

  • OMV CEO Roiss's job on the line as board set to meet Sunday, 12 Oct 2014 | 10:00 AM ET

    By Shadia Nasralla and Angelika Gruber. VIENNA, Oct 12- Pressure is mounting for an early departure of Gerhard Roiss as chief executive of OMV after a drop in operating earnings and as local media and sources close to the company report corporate infighting. A year ago, OMV extended Roiss's contract until March 2017, but since then operating profit halved in the...

  • Dogfish Head founder hands over CEO role to Benz Thursday, 9 Oct 2014 | 9:04 PM ET

    MILTON, Del.— Sam Calagione has stepped down as CEO of Delaware's Dogfish Head Craft Brewery and is handing that responsibility to his longtime chief operating officer. The News Journal reports Nick Benz has been promoted to CEO after spending 11 years at the Milton- based brewery. Benz is a graduate of the University of Pennsylvania and Carnegie Mellon's Tepper...

  • Mondelez taps Gladden to serve as its CFO Thursday, 9 Oct 2014 | 9:56 AM ET

    DEERFIELD, Ill.— The snack company Mondelez named a former Dell executive as its chief financial officer Thursday. Brearton is stepping into a new role to form a joint venture coffee company for Mondelez. Gladden and Brearton will report to Mondelez International Chairman and CEO Irene Rosenfeld.

  • Gap CEO Glenn Murphy retires     Thursday, 9 Oct 2014 | 6:23 AM ET

    CNBC's Courtney Reagan discusses Gap CEO Glenn Murphy's announced retirement and who will take over the company.

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