| Source: The Associated Press
Microsoft said Kevin Johnson, the executive in charge of its Windows and Web operations and an instrumental player in the company's failed $47.5 billion bid to buy Yahoo, is leaving the company.
Tuesday, 15 Jul 2008 | Source: Reuters
Consumer products maker Newell Rubbermaid said on Tuesday that it would exit some product lines and raise prices to offset rapidly rising resin costs and protect profit margins.
Wednesday, 9 Jul 2008 | Source: Reuters
Wachovia Corp, the fourth-largest U.S. bank, named Treasury Undersecretary Robert Steel chief executive on Wednesday, and said mortgage and legal problems will result in a $2.6 billion to $2.8 billion second- quarter loss, much larger than many analysts expected.
Tuesday, 8 Jul 2008 | Source: Reuters
German industrial conglomerate Siemens plans to cut around 4 percent of its workforce as part of an overhaul and as a result of the global economic downturn, Siemens said on Tuesday.
Wednesday, 11 Jun 2008 | Source: Reuters
Shareholders of American International Group are demanding changes to the management and board of the world's largest insurer, which has been struggling with the fallout of the subprime mortgage mess.
Wednesday, 28 May 2008 | Source: Reuters
Credit rating agencies will be banned from helping to design products they also grade as part of a tougher industry code of conduct to tackle issues raised by the U.S. subprime mortgage crisis such as conflicts of interest.
Wednesday, 14 May 2008 | Source: Reuters
American International Group Chairman Robert Willumstad said Wednesday the global insurance giant's directors stand behind Chief Executive Martin Sullivan, fending off concerns raised by investors frustrated by two quarters of record losses.
Monday, 12 May 2008 | Source: Reuters
Maurice "Hank" Greenberg, former chief executive of American International Group, has said the insurer is in "crisis" and urged a delay in its annual general meeting scheduled for Wednesday, according to a letter he sent to the board.
Wednesday, 7 May 2008 | Source: Reuters
Shares in South Korea's Woori Finance Holdings jumped as much as 5 percent to a near 7-month high on Wednesday as news that its CEO was to step down boosted hopes that Privatization plans could be speeded up.
Friday, 2 May 2008 | Source: Reuters
UBS shares rose over 5 percent on Friday on hopes the ailing Swiss bank will unveil job cuts next week to reverse breakneck expansion into investment banking which made it Europe's worst subprime victim.
Thursday, 17 Apr 2008 | Source: Reuters
Japan's Asahi Glass said on Thursday that it will close three North American factories and halt production at two others, battered by a U.S. housing market slump in the wake of the subprime mortgage crisis.
Friday, 4 Apr 2008 | Source: CNBC.com
Shares of Swiss bank UBS rose 3.7 percent Friday as activist investor Luqman Arnold called for a restructuring of the company that would include a sale of its asset-management business.
Monday, 31 Mar 2008 | Source: Reuters
Citigroup plans to split its consumer banking unit from its credit-card business as part of a broader reorganization to cut costs and simplify the large financial institution's structure, the company said Monday.
Thursday, 20 Mar 2008 | Source: Reuters
EBay said Thursday it is cutting 125 jobs in Europe and North America, including 70 positions at the online auctioneer's headquarters in San Jose, Calif.
Thursday, 20 Mar 2008 | Source: Reuters
Pest control to parcel delivery firm Rentokil Initial is parachuting in the management team that turned around chemicals group ICI in a bid to recover from two profit warnings that have hammered its shares.