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Corporate Leaders

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  • CEO of RWE to Step Down Earlier than Expected Thursday, 20 Sep 2007 | 9:57 AM ET

    The German utility RWE said Thursday that Chief Executive Harry Roels would resign at the end of the month, four months earlier than planned.

  • GM, UAW Talks Enter Fifth Day Past Expiration Wednesday, 19 Sep 2007 | 3:14 PM ET

    The United Auto Workers and General Motors resumed negotiations for a new labor contract on Wednesday, five days past the expiry of the previous pact.

  • K-Fed Rate Cut Wednesday, 19 Sep 2007 | 3:09 PM ET

    What more can be said about the Fed's rate cut? Did Greenspan get us into this mess? Is Bernanke caving in getting us out? Are both trying to be popular? Here's my question: is Greenspan suddenly like Britney (we thought he was so hot but now...), while Bernanke is K-Fed (a strange background ornament who suddenly looks responsible)?

  • Wells Fargo Chairman Sees Mortgage Recovery Wednesday, 19 Sep 2007 | 2:20 PM ET

    Wells Fargo Chairman Richard Kovacevich said Wednesday the U.S. mortgage industry will recover following further short-term pain, led by better-diversified lenders less exposed to market vagaries.

  • On the Line: Genesis Lease CEO John McMahon Wednesday, 19 Sep 2007 | 11:48 AM ET

    Genesis Lease is down about 17% since Cramer recommended it in May, even despite today's 300-plus-point rally in the Dow. How could a stock with an 8.2% yield be doing so poorly? 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.

  • Accredited, Lone Star Amend Merger Deal, Cut Price Wednesday, 19 Sep 2007 | 2:14 AM ET

    Subprime mortgage lender Accredited Home Lenders agreed on Tuesday to be bought at a lower price by Lone Star and to drop a lawsuit against the private equity firm.

  • Subprime Fallout: More Companies Slammed Tuesday, 18 Sep 2007 | 2:01 PM ET

    Fallout from credit problems in the mortgage market continued to batter various companies across the globe this week.

  • Yahoo's New Internet 2.0 Strategy Tuesday, 18 Sep 2007 | 1:57 PM ET
    Yahoo

    Yahoo's take at Internet 2.0.  Since Jerry Yang took the helm at Yahoo again, the Internet company's been trying to get back on track. And that means not just getting its ad strategy sorted out, but also starting to compete more with some of the more innovative Internet 2.0 companies, which of course means Facebook and social networking.

  • American Cars: To Buy Or Not To Buy--Would You? Tuesday, 18 Sep 2007 | 11:24 AM ET
    2007 Lexus LS

    We all know them. The person who swears they'll never drive anything but Mercedes, BMW, or Lexus. When it comes to brand loyalty and the prospect of considering different brand cars and trucks, the foreign guys have enjoyed the type of loyalty American car companies crave.

  • Hovnanian Focused On Paring Inventory, CEO Says Tuesday, 18 Sep 2007 | 11:23 AM ET

    Home builder Hovnanian Enterprises is focused on reducing its inventory of unsold homes, after a national weekend sales promotion exceeded expectations, Chief Executive Officer Ara Hovnanian said on Tuesday.

  • Dole Recalls Bagged Lettuce in U.S., Canada Monday, 17 Sep 2007 | 7:36 PM ET

    A division of Dole Food issued an international recall of bagged salad Monday after a sample taken from a store in Canada tested positive for E. coli, the company said.  There have been no reports of illness, company officials said. 

  • More Than 12 Parties Are Interested in Wendy's: WSJ Monday, 17 Sep 2007 | 7:09 PM ET

    More than a dozen parties have expressed interest in Wendy's International sale process, the Wall Street Journal reported on Monday, citing a person familiar with the the situation.

  • I don’t have any real numbers from Hovnanian yet, but the spin abounds. The head of PR for the homebuilder’s Northeast region claims it was a huge success, thousands of people visited homes and one area at least sold out. Again, I have no real numbers, and Hovnanian says they’re not releasing any numbers until tomorrow earliest.

  • Marsh & McLennan said Friday that Brian Storms, CEO of the insurance broker's main operating subsidiary Marsh Inc., had been ousted. His departure, effective immediately, follows a 21 percent decline in Marsh & McLennan's stock price since May because of its financial underperformance.

  • AmerisourceBergen Operating Chief Resigns Monday, 17 Sep 2007 | 9:34 AM ET

    Drug distributor AmerisourceBergen on Monday said Kurt Hilzinger resigned as chief operating officer and director to join a private equity firm and will not be replaced.

  • Sell Block: Chuck Citi's Prince Friday, 14 Sep 2007 | 7:31 PM ET

    There's a reason CEOs end up in Cramer's Hall of Shame. Here are three whose companies are a definite sell, sell, sell!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.

  • “Power Lunch” is in San Francisco to focus on the role of  of venture capital in the economy – from alternative energy to biotech to new media  – and talk to major players in the field. 

  • Inside Wall Street Friday, 14 Sep 2007 | 12:04 PM ET

    It’s almost four years at the helm of Citigroup for Chuck Prince, and the stock is virtually unchanged. CNBC’s Charlie Gasparino joins the panel to discuss the pressure that the Street is putting on Prince and Citi.

  • Coca-Cola CEO May Stay on After Turning 65 Friday, 14 Sep 2007 | 5:18 AM ET

    Coca-Cola's CEO Neville Isdell indicated he would stay on at the helm of the global drinks group after he turns 65 next year, the Financial Times reported on Friday.

  • Pimco Plans $2 Billion Distressed-Debt Fund: WSJ Thursday, 13 Sep 2007 | 3:42 AM ET

    Pacific Investment Management Co. (Pimco) is planning to take advantage of relatively cheap mortgage securities in the wake of the recent credit crisis by launching a $2 billion distressed-debt fund to buy the beaten-down assets, the Wall Street Journal reported Thursday.