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  • *AbbVie board recommends shareholders vote against deal. *AbbVie to pay Shire $1.64 bln break fee if deal collapses. LONDON, Oct 16- U.S. pharmaceutical company AbbVie has pulled the plug on its plan to buy Dublin- based drugmaker Shire, recommending shareholders vote against the planned $55 billion takeover following new U.S. tax rules.

  • Tesla's USA Parkway gets OK from Nevada agency Wednesday, 15 Oct 2014 | 6:45 PM ET

    CARSON CITY, Nev.— Nevada transportation officials are expediting plans to connect Interstate 80 east of Reno to U.S. Highway 50 with the USA Parkway that was part of the deal that landed Tesla's $5 billion battery plant for the area. The Department of Transportation's board of directors approved $43 million for the right-of-way, easements and existing road...

  • West Pharmaceutical CEO to retire next year Wednesday, 15 Oct 2014 | 9:50 AM ET

    NEW YORK— West Pharmaceutical Services Inc. said Wednesday that its longtime CEO Donald Morel plans to retire in May. The company, based in Exton, Pennsylvania, said it expects third-quarter earnings of 43 cents per share, matching what analysts expected, according to FactSet. For the full year, it now expects earnings between $1.77 per share and $1.82 per share.

  • Boire named acting president, CEO of Sears Canada Wednesday, 15 Oct 2014 | 8:20 AM ET

    HOFFMAN ESTATES, Ill.— A Sears executive was named acting president and CEO of Sears Canada on Wednesday. Late last month the company said that CEO of Sears Canada, Douglas Campbell, would leave at the end of the year. Sears Holdings Corp., which runs Kmart and its namesake stores, said Ron Boire would step down from his roles as executive vice president, chief...

  • UPDATE 3-Statoil's CEO quits for top job at BG Group Wednesday, 15 Oct 2014 | 6:35 AM ET

    *BG shares rise, Statoil falls 3 pct. *Statoil says no change in strategy. OSLO/ LONDON, Oct 15- Statoil's long-serving chief executive Helge Lund unexpectedly quit on Wednesday to take on the top role at smaller rival BG, where he has been promised a big pay rise if he can turn round the flagging British gas and oil producer.

  • BEIJING/ SHANGHAI, Oct 15- A day after China International Capital Corp's high-profile chief executive resigned, sources said on Wednesday that its chairman would also quit this year, highlighting the declining fortunes of the country's first investment bank. CICC made its name shepherding the biggest state-owned enterprises onto the Shanghai and Hong...

  • Statoil CEO Lund steps down, joins BG Group Wednesday, 15 Oct 2014 | 5:50 AM ET

    STOCKHOLM— Helge Lund, the CEO of Norwegian oil and gas company Statoil, has resigned after 10 years in charge of the government-controlled company. Until then he will remain at Statoil's "disposal" though the company said Wednesday that its board of directors had appointed Eldar Saetre, a senior Statoil executive, as acting president and CEO with immediate...

  • UPDATE 2-Statoil CEO quits to take top job at BG Wednesday, 15 Oct 2014 | 4:58 AM ET

    *BG shares rise 3 pct, Statoil falls 3 pct. OSLO/ LONDON, Oct 15- Statoil's long-serving chief executive Helge Lund unexpectedly quit on Wednesday to take on the top role at BG Group where he has been promised a big rise in pay if he can turn the flagging British gas firm around. "has built a world-class exploration and production portfolio at Statoil, and the company is...

  • *COO Mark Light to succeed Michael Barnes from Oct. 31. Oct 14- Signet Jewelers Ltd said Chief Executive Michael Barnes resigned to be closer to his family, becoming the second top executive in three months to leave as the company digests its acquisition of Zale Corp, its largest deal so far. The parent of Kay Jewelers said Chief Operating Officer Mark Light would...

  • UPDATE 1-Darden Restaurants names Gene Lee interim CEO Tuesday, 14 Oct 2014 | 10:53 AM ET

    Oct 14- Darden Restaurants Inc named Chief Operating Officer Gene Lee as its interim chief executive, barely a week after activist shareholder Starboard Value LP won its standoff with the company and convinced shareholders to replace the entire board of directors. He has previously led a similar search for office products retailer Office Depot Inc, and is...

  • Olive Garden parent company names interim CEO Tuesday, 14 Oct 2014 | 9:57 AM ET

    NEW YORK— Olive Garden's parent company Darden Restaurants promoted Chief Operating Officer Gene Lee to interim CEO after a board takeover by an activist investor last week. Darden's management had been sharply criticized for years of declining sales at Olive Garden and Red Lobster, which executives have conceded failed to keep up with changing tastes.

  • Darden Restaurants names Gene Lee interim CEO Tuesday, 14 Oct 2014 | 9:56 AM ET

    Oct 14- Darden Restaurants Inc said Chief Operating Officer Gene Lee would take over as its interim chief executive, replacing Clarence Otis. The company said on Tuesday its new board of directors has also appointed activist-investor Starboard Value LP's Jeffrey Smith as independent non-executive chairman. Starboard last week won its standoff with Darden,...

  • UPDATE 1-Signet Jewelers CEO Michael Barnes resigns Tuesday, 14 Oct 2014 | 9:23 AM ET

    Oct 14- UK- based Signet Jewelers Ltd said Chief Executive Michael Barnes resigned to be closer to his family in the United States, becoming the second top executive in three months to leave for the same reason. The parent of Kay Jewelers said Chief Operating Officer Mark Light would succeed Barnes, effective Oct. 31. The deal, which closed in May, combined the two...

  • Signet Jewelers CEO Barnes resigns Tuesday, 14 Oct 2014 | 8:43 AM ET

    NEW YORK— Signet Jewelers Ltd. said Tuesday that CEO Michael Barnes has resigned. He has been with Signet Jewelers since 2010.. Signet Jewelers, whose brands include Kay Jewelers and Jared The Galleria of Jewelry, is based in Bermuda.

  • Signet Jewelers CEO Michael Barnes resigns Tuesday, 14 Oct 2014 | 8:18 AM ET

    Oct 14- Signet Jewelers Ltd, the largest U.S. specialty jeweler, said Chief Executive Michael Barnes had resigned, effective Oct. 31.

  • CTG announces death of CEO James Boldt Tuesday, 14 Oct 2014 | 8:16 AM ET

    Oct 14- IT company Computer Task Group Inc said Chairman and Chief Executive James Boldt, 62, died on Monday. CTG's board named Brendan Harrington, 47, as interim CEO, and lead director Daniel Sullivan, 51, as non-executive chairman, the company said in a statement. The company did not disclose the cause of Boldt's death.

  • MILAN, Oct 13- Luxottica Chairman Leonardo Del Vecchio on Monday took over management of the company he founded half a century ago after the world's biggest eyewear maker by sales lost its second chief executive in as many months. 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 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...

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