• BofA CEO Won't Resign Unless Charged by SEC: Sources Tuesday, 22 Sep 2009 | 4:20 PM ET

    Bank of America CEO Ken Lewis won't resign if he is slapped with civil charges from New York Attorney General Andrew Cuomo, but he's likely to leave if he is charged by the Securities and Exchange Commission, sources inside the Bank have told CNBC.

  • Northrop Grumman CEO Ronald Sugar to Retire Wednesday, 16 Sep 2009 | 6:11 PM ET
    Northrop Grumman

    Northrop Grumman Chairman and CEO Ronald Sugar is retiring at the end of the year.

  • Five BofA Directors Subpoenaed by NY Attorney General Wednesday, 16 Sep 2009 | 4:03 PM ET
    A Bank of America branch.

    The New York Attorney General's office has subpoenaed five members of Bank of America's directors as part of an investigation into the bank's acquisition of Merrill Lynch, according to a person familiar with the investigation.

  • Bank of America branch, New York City.

    A federal judge on Monday rejected a $33 million settlement between the Securities and Exchange Commission and Bank of America, saying the SEC's accusations of inadequate disclosure by the bank over bonuses paid at Merrill Lynch must now go to trial.

  • John Mack

    The government has lost momentum on financial reforms and needs to figure out how to prevent a potential collapse of the financial system, Morgan Stanley CEO John Mack told CNBC Friday.

  • Exec Used Repossessed Home for Parties: Neighbors Friday, 11 Sep 2009 | 8:06 AM ET
    Wells Fargo bank

    A Wells Fargo executive who oversees foreclosed properties hosted parties and spent long summer weekends in a $12 million Malibu beach house, moving into the home just after it had been surrendered to Wells Fargo to satisfy debts, neighbors said.

  • Mack Should Leave Morgan Stanley for Good: Bove Friday, 11 Sep 2009 | 7:17 AM ET
    John Mack testifying before House Financial Services Committee

    The change in the Morgan Stanley management will benefit the bank, but CEO John Mack should leave for good, Rochdale Securities Banking analyst Richard Bove told CNBC Friday.

  • Morgan Stanley's John Mack Plans To Step Down as CEO Thursday, 10 Sep 2009 | 5:41 PM ET
    John Mack

    Morgan Stanley Chief Executive John Mack is stepping down and will be replaced by James Gorman, one of the investment bank's co-presidents, CNBC learned. Mack will remain chairman, however.

  • Xerox Chairman: “We’re Being Really Cautious” Thursday, 10 Sep 2009 | 10:55 AM ET

    Anne Mulcahy, chairman and former CEO of Xerox, said the uncertain economy has forced the company to remain cautious about spending and instead focus on making sure costs remain under control and that its balance sheet remains strong.

  • HD DVD player and HD DVD-ROM

    Redbox’s growth — it started with 12 kiosks in 2004 and now processes about 80 transactions a second on Friday nights — has Hollywood’s blood boiling, the New York Times reports.

  • They were left out of the latest unemployment rate, as they are every month: millions of hidden casualties of the Great Recession who have stopped looking for work, the New York Times reports.

  • Welcoming the New, Improving the Old Sunday, 6 Sep 2009 | 10:29 AM ET
    What's Next?

    For decades, companies have worked to incorporate the Six Sigma analytical business approach. Now, some say, it's time for the next challenge: "design thinking."

  • Phrases like “game changer,” “value add” and “it is what it is” are among the most overused phrases in business today, according to a survey of top executives that was released Thursday.

  • Rise of the Super-Rich Hits a Sobering Wall Friday, 21 Aug 2009 | 5:21 AM ET
    Man on a yacht

    The rich have been getting richer for so long that the trend has come to seem almost permanent, the New York Times reported.

  • DuPont to Streamline Units, CFO to Take on New Role Thursday, 13 Aug 2009 | 10:53 AM ET

    Chemical maker DuPont said Thursday its chief financial officer will move to a new role as the company consolidates 23 businesses into 14, as part of an effort to capitalize on global growth opportunities to drive profitability and sales.

  • Former Pequot Strategist Wien to Join Blackstone Wednesday, 12 Aug 2009 | 10:55 AM ET

    Byron Wien will join The Blackstone Group as vice chairman of Blackstone Advisory Services, the investment firm announced Wednesday.

  • Fannie Regulator Names Interim Replacement for Lockhart Thursday, 6 Aug 2009 | 10:26 AM ET

    The federal agency that regulates Fannie Mae and Freddie Mac named Thursday an interim replacement for its director, who is stepping down at the end of the month.

  • Out of Search Business, Yahoo Shifts Its Focus Monday, 3 Aug 2009 | 4:38 AM ET
    Yahoo Center

    Carol A. Bartz, chief executive of Yahoo, has been hobbled, the New York Times reported.

  • Merrill's McCann Seen as UBS Wealth Frontrunner Friday, 10 Jul 2009 | 5:31 PM ET

    Former Merrill Lynch brokerage chief Bob McCann has the inside track to head up the brokerage division of UBS, sources told CNBC.

  • Six Days a Week: Half of Brits Work Overtime Tuesday, 30 Jun 2009 | 9:21 AM ET

    While workers in the rest of Europe are accepting to work four day weeks or part-time, or take periods of semi-paid leave, employees in Britain have been working six-day weeks to keep their jobs, according to a survey out Tuesday.

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