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Bob Dickinson, president and CEO of Carnival Cruise Lines, has told Carnival Corp. that he will retire at the end of the year: Gerry Cahill, CFO of Carnival, will assume Dickinson's responsibilities as president and CEO effective immediately.
UBS quickly drew a veil over the real reasons for the sudden resignation of Chief Executive Peter Wuffli, but traders said it may be linked to the embarrassing closure of a hedge fund earlier this year.
It has been almost a year since this Mad Money institution first aired, and now it's time to shake things up. Say hello to three new members.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.
Here it is, Jim's list of the worst CEOs in the biz. It takes years of hard work and peerless incompetence to make the cut. Well done, people.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.
Video rental chain Blockbuster named Monday James Keyes as its new chairman and chief executive to replace current CEO John Antioco , who agreed to leave after a dispute over his pay package.
The first half of the year saw its share of record highs for both the Dow and S&P 500 but also the return of market volatility, with a February mini-correction that surprised many, anxiety over subprime lending and interest rates and a healthy dose of M&A.
Liz Claiborne President Trudy Sullivan is leaving the company to become the chief executive of Talbots, the apparel companies said on Friday.
JetBlue Airways appointed director Joel Peterson to the newly-created post of vice chairman.
Commerce Bancorp, under fire for its business dealings with insiders, on on Friday said that Chairman and Chief Executive Officer Vernon Hill is leaving the company, and that it has settled two federal regulatory probes.
I’ve detailed in this space how Monday morning is often replete with news of multibillion-dollar takeover deals. This makes perfect sense, because the weekend provides a quiet few days to hammer out details behind closed doors. But we’ve had to put the alliterative “Merger Monday” moniker on hold, while deals moved to other days of the week: I’m not sure there have been too many Wednesdays with as many deals as we saw today...
Wells Fargo, the fifth-largest U.S. bank, on Wednesday named John Stumpf chief executive, replacing Richard Kovacevich, who will remain chairman.
Blackstone Group had a stellar debut on the New York Stock Exchange Friday. The successful offering marks the biggest U.S. IPO in five years, and could open the floodgates for other alternative investment funds to go public. But the private-equity boom is coming under growing fire in Washington, with Congress moving to increase taxes on hedge funds and private-equity firms.
The most eagerly awaited IPO in years priced late Thursday -- at $31 per share -- and starts trading Friday, signaling the beginning of what some are calling a new era for private equity.
Blackstone Group issued compensation details for the first time Monday, disclosing in a filing that its co-founders will receive at least $2.33 billion the private equity firm goes public.
Investors in Yahoo abandoned their initial excitement over a management switch at the Internet media company, sending its shares lower on expectations that little real change was in the works.
While day one of the Paris Air Show might have belonged to Airbus, day two saw Boeing mount a comeback, announcing an $8.8 billion deal with ILFC for 63 planes including 50 new orders for the 787, or "Dreamliner."
Internet portal Yahoo announced the resignation of Terry Semel. Semel will be replaced by co-founder Jerry Yang. Susan Decker, Yahoo's head of advertising and former chief financial officer, was also named president.
Casino operator Trump Entertainment Resorts Inc. said Monday its President and Chief Executive James B. Perry will retire on July 1.
Shareholders at the annual meeting of Yahoo voted down proposals to control executive pay and challenging the company's human rights policies in China, a supervisor of the votes said on Tuesday.
Private-equity powerhouse Blackstone Group LP said Monday that Chief Executive Stephen Schwarzman made $400 million in 2006 -- almost double the combined compensation for the CEOs of Wall Street's five biggest investment banks.