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The conviction of Adelphia Communications founder John Rigas and his son on fraud charges was upheld by a federal appeals court.
Jeffrey Kindler, the chief executive of drug maker Pfizer Inc., continued to clean house with the announcement late Sunday that the company's research and development chief and chief financial officer will soon leave. John LaMattina, president of global research and development, will retire by the end of the year. Alan Levin, the CFO, also resigned.
The supervisory board of German engineering conglomerate Siemens announced Sunday it has tapped Peter Loescher as its new CEO as the company struggles to improve an image tarnished by corruption.
Reuters Chief Executive Tom Glocer told CNBC that the planned $17.23 billion merger with Thomson of Canada would help both companies compete in a vastly changed media environment
After its sale to Cerberus Capital Management, Chrysler will focus more aggressively on product development and pursuing joint ventures and partnerships with automakers overseas, reports CNBC's Phil LeBeau.
Internet media company Yahoo named Blake Jorgensen, co-founder of investment bank Thomas Weisel Partners, as chief financial officer, effective June 4.
John Browne, the former CEO of BP has lost another job. Today, he resigned from the board of Goldman Sachs.
Low-fare airline JetBlue Airways appointed president Dave Barger as its new chief executive, effective immediately.
Federal lawsuits were filed from both sides following Dow Chemical's decision last month to fire two top-ranking officials whom it accused of trying to secretly negotiate a leveraged buyout of the company.
The cable industry is assembling in Las Vegas for a major convention, where competition, convergence and content are the buzz words.
A special look at the founder of Berkshire Hathaway.
Billionaire investor Carl Icahn appears to have a good chance of succeeding in his high-profile bid for a board seat at Motorola, portending trouble for Chief Executive Ed Zander, analysts and investors said this week.
Searching for nuggets of wisdom from the Oracle of Omaha.
CNBC’s Mary Thompson reports that a survey of CEO compensation at 452 large companies found the pay of executives hired from outside is 20% higher than top officers promoted from within.
Meanwhile, the heads of Lehman Brothers, Goldman Sachs and JPMorgan Chase all have favored Democrats in their political giving patterns over the past few years, according to contribution tracker PoliticalMoneyLine.
AT&T CEO Whitacre said he will retire on June 3. He said the board had selected current COO Stephenson to replace him as both CEO and chairman.
Bristol-Myers Squibb announced today a potential $1 billion partnership deal with the biggest pharmaceutical company in the world, Pfizer, on a clot-busting drug. And there are signals that its older, troubled partnership with ImClone Systems could be in for some reconciliation.Shares of IMCL were down after the company reported that sales of the cancer drug it markets with BMY, Erbitux, climbed 16% in the first quarter, but fell short of the analyst consensus by $5 million.
You’ll never catch any of the numbers-obsessed analysts on Wall Street admitting this, but people make a difference. Sometimes a great leader can give a company a boost right when it needs it the most. Perfect examples? Coke and Pepsi.Investing can be confusing. Luckily, Cramer has mapped out some road rules for all you Home Gamers trying to navigate the jungle that is Wall Street. Think of it as "Mad Money 101" –- some fundamental advice to keep in mind as you play the market. Whether you're a first time investor or a seasoned financier, it's always good to remember the basics.
Siemens Chief Executive Klaus Kleinfeld will leave the scandal-hit group when his contract expires at the end of September, the company said on Wednesday, deepening its leadership crisis.