Discussing if the departure of U.S. CEO Bill Simon means a shakeup down the road for Wal-Mart, with Budd Bugatch, Raymond James & Associates, and CNBC's Courtney Reagan.» Read More
After a knee-jerk reaction to the downside after the closing bell yesterday to the surprising four-cent miss by Genentech, the shares are rallying big time in the early regular trading session.
For the second time in five weeks, General Motors is making major cuts to give its business the breathing room it needs to hopefully turn things around. Unlike the last restructuring, five weeks ago, where GM cut truck plants and put HUMMER up for sale, these latest moves are about saving cash as soon as possible.
General Motors Chief Executive Rick Wagoner is set to announce further steps on Tuesday morning to cut costs in the face of slumping sales.
There's no talk of concrete deals at the Allen & Co. conference this year, but the big names continue to circulate and talk intently over meals and cocktails. The spotlight is on the Yahoo crew, everyone wondering who they're talking to, and what that could mean about the fate of the company.
Former Citigroup Chairman and Chief Executive Chuck Prince has joined the Xerox board of directors, Xerox said on Thursday.
Google CEO Eric Schmidt, along with co-founders Larry Page and Sergey Brin sat down to talk to journalists at the Allen and Co. conference in Sun Valley for an hour and fifteen minute no-holds barred question and answer session.
NBC Universal Chief Executive Jeff Zucker said on Thursday he was not looking to spin off or sell some of the company's assets.
Another day with plenty of cross-currents. The bottom line is that a $5 spike in oil right near the close of trading in oil (2:30 pm ET) dropped stocks, the Dow lost all of its 120-point rally, though it came back a bit toward the close.
GM will not consider selling or eliminating any brands besides Hummer and has no plans to declare bankruptcy, Richard Wagoner, General Motors chairman and CEO, said Thursday at the Dallas Chamber of Commerce.
The message from General Motors chairman and CEO was clear and direct: The company has no plans to cut anymore of its brands. I asked Wagoner about cutting the brands when I caught up with him after a speech here in Dallas.
On Bank of America CEO Ken Lewis' speech on mending the mortgage markets, it turns out Mr. Lewis isn't universally loved.
Marks & Spencer's top dog Stuart Rose faced the wrath of investors at the company's AGM yesterday – but not necessarily for merging the roles of chairman and CEO or for profit warnings.
When media moguls and tech startup CEOs gather for casual, culture-clashing sessions in Sun Valley, I can't help but marvel at the remarkable mix of styles. There's nothing like catching a CEO who feels safe in his pin stripes awkwardly sporting bermuda shorts.
The tech titans and media moguls schmoozed and chatted through the first full day of meetings at the Allen + Co. Conference. It was a quiet day in terms of deal buzz; perhaps largely because the Yahoo folks haven't arrived yet.
Here are two clips from Bank of America CEO Ken Lewis' speech today on mortgages. Most importantly he sees no need to cut the dividend or raise capital, but "it is hard to be completely unequivocal about anything." And the second clip shows highlights of his speech.
Cisco Systems Chief Executive John Chambers said on Tuesday that the office of the CEO will be less hierarchical in five years, although he has not yet decided on when he would hand over to a successor.
A potential deal between Yahoo and Time Warner's AOL division is unlikely before Yahoo's annual meeting on Aug. 1, a person familiar with the negotiations said Monday.
Raided by security services, its board paralyzed, key technical experts barred from working and deluged with court cases and labor inspections, TNK-BP is a struggling $38 billion oil company.
Withdrawing his bid for Circuit City gets the CEO out of Cramer’s Hall of Shame.
British housebuilder Taylor Wimpey has failed to raise the extra capital it said it would seek just two days ago, citing tough market conditions, sending its shares and those of its rivals plummeting.