Corporate Governance
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Hewlett Packard announced on Tuesday that a top executive who oversees its printing and personal systems unit would assume a new role for strategic growth.
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Thailand's financial markets breathed a sigh of relief on Friday in the absence of immediate violence in the wake of the stunning banishment of ousted Prime Minister Thaksin Shinawatra and his party from politics.
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Japanese Prime Minister Shinzo Abe named a new farm minister on Friday, four days after a scandal-tainted predecessor committed suicide, as opposition parties turned the heat up over mismanaged pensions and scandals.
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Tax investigators probing Japanese electronics maker NEC have found that employees placed fake orders and took kickbacks, compounding the problems at a company long dogged by accounting troubles and possibly facing a Nasdaq delisting.
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New Century Financial, the largest U.S. subprime lender in bankruptcy, said on Thursday it probably inflated 2005 earnings because of accounting errors, a disclosure that might add fuel to federal criminal and regulatory examinations into the company.
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The wife of Democratic presidential candidate Barack Obama resigned Tuesday from the board of a food supplier for retail giant Wal-Mart Stores, a target of criticism by the Illinois senator.
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Investors in Wood River Partners have sued UBS, alleging the defunct hedge fund's prime broker fraudulently earned more than $100 million by misusing knowledge of its trades, the Wall Street Journal reported on its Web site on Wednesday.
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The United States, consulting with other countries, is scouting out candidates to run the World Bank and hopes to soon send some recommendations to President Bush, the White House said Monday.
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Judges in Delaware's famed business court are keeping a close eye on legal issues cropping up amid the recent wave of private equity buyouts of public corporations.
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U.S. Treasury Secretary Henry Paulson is consulting European colleagues on a new World Bank chief but is not shopping specific names, according to his top aide who said on Saturday he was "flattered" to hear himself speculated about as a candidate.
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The White House said Friday it will move quickly to find a successor--preferably an American--for departing World Bank President Paul Wolfowitz as the administration sought to rebuild relationships strained by the controversy.
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Embattled World Bank President Paul Wolfowitz sought a face-saving agreement Wednesday that would allow him to resign under his own terms and escape some blame for the conflict of interest involving his girlfriend's generous pay deal.
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A World Bank special panel has found that Paul Wolfowitz's handling of a promotion for his companion violated the terms of his contract and constituted a conflict of interest. The panel must now decide "whether Wolfowitz will be able to provide the leadership needed to ensure that the bank continues to operate to the fullest extent possible in achieving its mandate."
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A World Bank special panel has found that Paul Wolfowitz's handling of a promotion for his companion violated the terms of his contract and constituted a conflict of interest. The panel must now decide "whether Wolfowitz will be able to provide the leadership needed to ensure that the bank continues to operate to the fullest extent possible in achieving its mandate."
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The former chief financial officer of security-software maker McAfee, was convicted on 15 counts of securities fraud, according to the U.S. Attorney's Office in San Francisco.
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Apple's annual shareholder meeting was short on news, but long on drama with several investors grilling the Apple directors who did show up with questions about the stock options backdating scandal.Apple's entire directors' slate was re-elected, as expected. None of the shareholder resolutions passed, as expected.The fireworks and interesting nuggets came during the shareholder question-and-answer session.This is the first paragraph/short story.
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Thursday of this week will be an unusual day for the world of tech. Both Apple and Google will each hold their annual shareholders meetings within ten miles and a few hours of each other. Tech's top two names will speak directly to their shareholders, yet the meetings may have decidedly different tones.
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Europeans stepped up pressure on World Bank President Paul Wolfowitz to resign as they expressed fresh concerns Tuesday about his leadership amid revelations that he broke bank rules in arranging a pay package for his girlfriend.
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Several journalists targeted by Hewlett-Packard in the company's hunt for the source of boardroom leaks are seeking damages for alleged invasion of privacy, their lawyers said onMonday.
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One of two key aides to World Bank President Paul Wolfowitz resigned on Monday, saying hecould no longer effectively help advance the mission of the institution under the current leadership crisis.
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A special committee investigating stock option grants at Marvell Technology Group has called on Chief Executive Sehat Sutardja to step down as chairman, the company said on Monday. 1st paragraph of story should go here
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