Restoration Hardware Holdings Inc. said Thursday that its co-CEO Carlos Alberini is resigning to take over as CEO and chairman at clothing company Lucky Brand. Restoration Hardware said it will initiate a search for Alberni's replacement soon. Restoration Hardware earned $9.5 million, or 23 cents per share, for the quarter that ended Nov. 2.» Read More
LONDON, Nov 12- The European Union is seeking to increase its influence over global accounting standards by beefing up the agency that scrutinises new rules and in certain cases tweaking how they are applied in the bloc. The book-keeping standards, the bedrock of markets, are written by the International Accounting Standards Board.
Nov 11- Network equipment maker Emulex Corp will buy $200 million of its shares and reconstitute its board, following pressure from two of its major shareholders. Activist hedge fund Starboard Value LP and Altai Capital had been agitating to include shareholder advocates on the Emulex board.
Writing skills of college graduates and MBAs are coming up short, and employers aren't happy. Here's what they are doing about it..
TORONTO, Nov 8- Barrick Gold Corp signaled on Friday that founder and Chairman Peter Munk will step down sometime before the company's annual meeting next year, a move that would follow prolonged investor pressure for changes on the gold miner's board.
TORONTO, Nov 8- Barrick Gold Corp indicated on Friday that its founder and Chairman Peter Munk is likely to step down from his post by the time of the company's annual meeting next year.
*3rd- qtr adjusted profit $17.30/ shr vs estimate $16.15. Nov 7- Priceline.com, the online travel agency known for its name-your-own price auction, posted a higher-than-expected quarterly profit on Thursday as bookings increased.
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MOSCOW, Nov 5- Russia's largest carmaker Avtovaz has appointed former General Motors Co. executive Bo Andersson as its first foreign boss. Andersson replaces Avtovaz chief executive Igor Komarov, who has run the company since 2009. Komarov is leaving to join Russia's space agency.
SAN FRANCISCO, Oct 31- A majority of shareholders opposed Oracle's executive compensation, including Chief Executive Larry Ellison's pay, in a non-binding vote on Thursday following complaints that the world's third-richest man is paid too much as his company struggles against smaller rivals.
SAN FRANCISCO, Oct 31- A majority of shareholders opposed Oracle Corp's executive compensation, including Chief Executive Larry Ellison's pay in a non-binding vote on Thursday. The vote followed complaints that Ellison is paid too much as his company struggles to stave off smaller rivals. A majority of shareholders voted for the company's board members.
LONDON, Oct 31- AstraZeneca promoted Marc Dunoyer to be its new chief financial officer on Thursday, plugging a gap in the British drugmaker's top management team as it grapples with falling sales and profits.
Oct 30- Accounting and consulting firm PricewaterhouseCoopers said on Wednesday it struck a deal to buy corporate consulting firm Booz& Co, the latest in a string of mergers by global audit firms aimed at bulking up their fast-growing advisory businesses.
Oct 30- Accounting and consulting firm PricewaterhouseCoopers struck a deal to buy corporate consulting firm Booz& Co to bulk up its advisory and tax business. The companies said the deal is subject to approval from Booz& Co's partner vote, scheduled for December.
TEL AVIV, Oct 30- Teva Pharmaceutical Industries, the world's largest generic drugmaker, said its chief executive Jeremy Levin was stepping down and finance chief Eyal Desheh would stand in on an interim basis, effective immediately.
SEATTLE, Oct 28- Proxy advisory firm Glass Lewis has recommended that Microsoft Corp shareholders vote against the re-election of lead independent director John Thompson, who is in charge of the company's efforts to find a new chief executive.
JERUSALEM, Oct 28- Teva Pharmaceutical Industries and Chief Executive Jeremy Levin denied an Israeli media report that Levin was considering resigning due to a rift with the company's board of directors.
Hakim Drissi-Kaitouni, previously a vice president at Bank of America Merrill Lynch in London, has joined as a managing director of Wren House Infrastructure Management, a fully-owned unit of KIA, the sources said, speaking on condition of anonymity as the matter is not public.
Oct 25- Cliffs Natural Resources Inc, one of North America's biggest iron ore producers, on Friday said it has chosen former Barrick Gold Corp executive Gary Halverson as its next chief executive. Non-executive chairman James Kirsch, who will be executive chairman effective Nov. 18, has been helping with the transition, the company said.
Oct 25- Cliffs Natural Resources Inc said on Friday it has chosen former Barrick Gold Corp executive Gary Halverson as its next chief executive. Cliffs said Halverson will become president and chief operating officer effective Nov. 18, reporting to the company's executive chairman.
LONDON, Oct 25- Serco, the global outsourcing firm battling to save its relationship with the British government after a series of scandals, said its chief executive had quit as part of a major reorganisation aimed at restoring its reputation.