Sirius Satellite posted better than expected earnings Thursday and the company’s optimistic of the trend continuing, CEO Mel Karmanzin told CNBC.
Wednesday, 4 Nov 2009 | Source: Reuters
Bank of America Corp's consumer banking chief, tipped to be a leading candidate to replace outgoing CEO Kenneth Lewis, said he is keen to take the top job, but will stay on if he misses out on it.
Wednesday, 4 Nov 2009 | Source: CNBC.com
Nearly a year after leaving Bank of America under a cloud of controversy involving massive losses, executive bonuses, and lavish office decorating, former Merrill Lynch CEO John Thain is set to emerge from his self-imposed seclusion Thursday at a hedge fund event in Greenwich, Conn.
Wednesday, 4 Nov 2009 | Source: The Associated Press
Former Hewlett-Packard CEO Carly Fiorina says she'll run for the U.S. Senate seat held by California incumbent Barbara Boxer.
The formula to determine Goldman Sachs' executive bonuses will be decided by mid-December, sources familiar with the matter told CNBC, and will set a precedent for other investment companies to follow.
Monday, 2 Nov 2009 | Source: Reuters
The U.S. Federal Reserve is communicating to large banks its expectations and plans for rules to tailor pay for executives and key employees to risk, Fed Reserve Governor Daniel Tarullo said on Monday.
Business air traffic is starting to stabilize, said Larry Kellner, CEO of Continental.
Tuesday, 27 Oct 2009 | Source: CNBC staff and wire reports
Regulators should focus on simplifying, rather than adding to the bank regulation, said Jamie Dimon, CEO of JPMorgan Chase, speaking in support for a resolution mechanism or systemic risk regulator that could deal with banks and other companies that have become “too big to fail.”
Robert McCann, the former head of Merrill Lynch's brokerage unit, was named the head of UBS's private client group.
Friday, 23 Oct 2009 | Source: Reuters
General Motors Chief Executive Fritz Henderson will get a rise in his compensation package to $5.45 million under new rules advocated by the U.S. pay czar, Bloomberg said, citing a person familiar with the matter.
Friday, 23 Oct 2009 | Source: CNBC.com
The CNBC European Business Leaders Awards, created to identify and honor CEOs who are making a difference through leadership and innovation, enters its seventh year in 2010.
Tuesday, 20 Oct 2009 | Source: CNBC.com
Pfizer's acquisition of Wyeth will add to the pharmaceutical giant's diversity, which over time will help boost the company's stock, CEO Jeff Kindler told CNBC Tuesday.
Tuesday, 20 Oct 2009 | Source: The New York Times
In the summer of 2008, two months before Lehman Brothers filed for bankruptcy, Richard S. Fuld Jr., the firm's chairman, was continuing his desperate efforts to find a lifeline. They had begun in March, shortly after the demise of Bear Stearns, when Mr. Fuld called the legendary investor Warren E. Buffett seeking a capital infusion, to no avail. Lehman had raised money elsewhere, but that didn't help for long, and its condition again was worsening.
The Federal Reserve should raise interest rates now or the US economy will be faced with another bubble, Barron's warned in its cover story; but analysts say this will not happen.
Despite recent warnings that the rally may be over, stock markets face a "meltup" as institutional investors will now feel obliged to buy to deliver returns, Philippe Gijsels, senior equity strategist at Fortis, told CNBC Monday.