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  • Facebook Devising New Advertising System: WSJ Thursday, 23 Aug 2007 | 5:53 AM ET

    Social networking Website Facebook is working on an advertising system to allow marketers to target users with ads based on the information people reveal about themselves on the site, the Wall Street Journal reported in its online edition early on Thursday.

  • Former AOL executive Stephen M. Swad has become the new chief financial officer at mortgage finance giant Fannie Mae, the company said Wednesday. Swad's succession as finance chief, replacing Robert Blakely, had been planned for some time.  Blakely stepped down as its chief financial officer last Friday but remains an executive vice president.

  • Intuit Reports Narrower Loss, Names New Chief Executive Wednesday, 22 Aug 2007 | 5:15 PM ET

    Intuit, the maker of TurboTax software, named a new chief executive on Wednesday and also posted a loss for its fiscal fourth quarter, which is traditionally its weakest. Intuit said that CEO Steve Bennett would step down at the end of December and be replaced by Brad Smith, senior vice president and general manager of Intuit's Small Business Division.

  • Shareholder Advisor Backs $32 Billion TXU Buyout Wednesday, 22 Aug 2007 | 4:01 PM ET

    Shareholder advisory service Proxy Governance recommended Wednesday that TXU shareholders vote in favor of a $32 billion, or $69.25 per share, buyout by a group of investors.

  • Pfizer "Dials Up" Telecom Exec D'Amelio For Help (update) Wednesday, 22 Aug 2007 | 11:00 AM ET
    Frank D'Amilio

    Late last year, in his first and last interview with CNBC following the blowup of the cholesterol drug torcetrapib, I asked new Pfizer CEO, Jeff Kindler, how he could go from "selling chicken" at Boston Market (he used to run the chain for McDonald's) to "selling drugs". Based on the subsequent vibe I got, it was clear that some of the Pfizer media relations people at the time didn't like the question.

  • Pfizer Picks Alcatel-Lucent Exec as New CFO Wednesday, 22 Aug 2007 | 10:46 AM ET

    Pfizer on Wednesday said it named Frank A. D'Amelio, a senior executive of Alcatel-Lucent, as chief financial officer of the drugmaker.

  • New Delta Air Lines CEO Downplays Merger Speculation Wednesday, 22 Aug 2007 | 10:14 AM ET

    Delta Air Lines' newly named chief executive, Richard Anderson, foresees further consolidation in the airline industry, but said Delta is not about to make a move to acquire Northwest Airlines.

  • Dubai World to Buy Stake in MGM Mirage Wednesday, 22 Aug 2007 | 9:44 AM ET
    MGM Mirage

    Dubai World, the investment holding firm of the Dubai government, will acquire a 9.5 percent stake in MGM Mirage and 50 percent of the casino operator's CityCenter development project for $5 billion, a source familiar with the situation said Wednesday.

  • Mortgage Lender First Magnus Files Chapter 11 Wednesday, 22 Aug 2007 | 12:48 AM ET

    First Magnus Financial, one of the largest independent U.S. mortgage lenders, filed for Chapter 11 bankruptcy protection on Tuesday, the latest home loan provider to collapse as the housing market slumps and credit crisis widens.

  • Delta Air Lines Taps Former Northwest Chief as New CEO Tuesday, 21 Aug 2007 | 5:17 PM ET
    Richard Anderson

    Delta Air Lines named former Northwest Airlines Chief Executive Richard Anderson as its new leader on Tuesday.

  • Saks: Listening To The Company Conference Call Tuesday, 21 Aug 2007 | 12:50 PM ET

    Saks' CEO Steve Sadove says that he is optimistic about the luxury market and that they're seeing a strong purchase performance from new customers. For the second quarter the high-end department store posted a net loss of $24.6 million, or 17 cents a share, versus a prior-year net loss of $51.9 million, or 38 cents a share.

  • Countrywide Talks (Employees) And Fake Jane Responds Monday, 20 Aug 2007 | 2:05 PM ET
    Fake Jane

    So I'm sitting in the bagel shop on Saturday morning having my usual breakfast and coffee, when a woman approaches me with a sunny smile and says, "I work at Countrywide and we watch you all the time!" I grimaced, thinking she must hate me. Instead, she said, "Are you OK?" I said, "Yes I'm fine, but, more importantly, how are you?" "Great!" She proceeded to tell me that everyone on the inside knows Countrywide is going to be fine...

  • Lamborghini Is Now My Dream Car: What's Yours? Monday, 20 Aug 2007 | 9:12 AM ET

    After a week of driving the California coast in a Lamborghini, getting back to the office is bringing on a real case of withdrawal. Seriously, after a 5 days of the "Lamborghini life" you get spoiled. It also has me pondering a question I'd like you to answer: What's your dream drive?

  • Another Former Brocade Executive Charged with Fraud Friday, 17 Aug 2007 | 3:42 PM ET

    The U.S. Securities and Exchange Commission on Friday filed fraud charges against the former chief financial officer of Brocade Communications Systems, saying he disregarded indications other executives were backdating stock options.

  • So J&J Thinks it Can Dance Friday, 17 Aug 2007 | 1:46 PM ET

    At CNBC we use -- among others -- a couple of primary business news wire services -- NewsEdge, part of Thomson, and Relegence, part of AOL.

  • Angelo Mozilo Unplugged Friday, 17 Aug 2007 | 11:35 AM ET
    Angelo Mozilo

    The Countrywide Investor Relations site is promoting its 2007 Investor Forum. It takes place Sept. 5-6 and includes a "Servicing Tour"at the company's offices in Simi Valley, followed by a day-long panel discussion and Q&A at headquarters in Calabasas. Discussions include a "Servicing Overview -- Managing Through Turbulent Times" and "Bank Integration and Capital Strategies."

  • What YOU Want from Chrysler Friday, 17 Aug 2007 | 11:21 AM ET

    A few days ago I blogged about the state of Chrysler and posed a simple question: What do you want to see from Chrysler for you to consider buying a car or truck from the American automaker?

  • Australia's Westpac Names Gail Kelly as New Chief Thursday, 16 Aug 2007 | 10:07 PM ET

    Westpac Banking, Australia's fourth-biggest lender, said on Friday it had appointed Gail Kelly, the head of rival lender St. George Bank, as its new chief executive.

  • Murdoch's other Agenda -- Going Green! Thursday, 16 Aug 2007 | 4:56 PM ET

    Since I report so much on Rupert Murdoch and News Corp, it seemed only fair to report on his softer side. Despite that fact that Murdoch is known for pushing a conservative agenda in his media outlets, he's promoting what's traditionally been considered a liberal cause -- a campaign against global warming.

  • Lack of Online Privacy can be a Good Thing Thursday, 16 Aug 2007 | 4:13 PM ET

    Everyone gripes about the fact that there's no privacy online and Web surfers' personal information is exploited. But sometimes our actions online should be transparent -- there needs to be some accountability in this world of Wikis, where users are counted on to police inaccuracies and update news.