Apple’s Tim Cook will give away all his money: Fortune
(Reuters) – Apple Inc Chief Executive Tim Cook is joining the roster of the very rich who are giving away their wealth.
Exclusive: Headhunter contacts Morgan Stanley’s Fleming about CEO job at BNY Mellon
NEW YORK/BOSTON (Reuters) – At the prompting of at least one director of Bank of New York Mellon Corp, an executive recruiting firm has come up with a list of potential candidates to replace embattled CEO Gerald Hassell, two people familiar with the ma…
Google to pay CFO Porat more than $70 million in two years
(Reuters) – Google Inc said it would pay its new Chief Financial Officer, Ruth Porat, more than $70 million in the next two years through a combination of restricted stock units and a biennial grant.
Wall St. ends down in choppy session, but off lows
NEW YORK (Reuters) – U.S. stocks fell for a fourth straight session on Thursday but indexes ended well off session lows with support from economic data and earnings, including Accenture’s.
Bank of America skips vote sought by funds on CEO’s roles
BOSTON (Reuters) – Bank of America Corp will not hold a shareholder vote on its decision to reunite the roles of chairman and chief executive officer, according to the bank’s proxy statement filed on Thursday.
RadioShack rescue deal dogged by fights, demands for new auction
WILMINGTON, Del. (Reuters) – RadioShack Corp’s rescue deal to keep 1,740 stores open was attacked on Thursday by the bankrupt retailer’s top creditor, a failed bidder who called the auction a sham and sought a new sale.
Fed market gurus prep rate hike amid last-minute anxieties
NEW YORK (Reuters) – The New York Federal Reserve officials tasked with prying interest rates off the floor have been meeting with bankers and traders to plot how best to do it, amid deep uncertainty over how much control they will really have over sho…
LightSquared bankruptcy exit plan earns court approval
NEW YORK (Reuters) – Wireless venture LightSquared on Thursday concluded three years of litigation with creditors, securing U.S. Bankruptcy Court approval of a plan to end its Chapter 11 case and repay in full its largest creditor, Dish Network Corp Ch…
Exclusive: New Chevy Malibu’s task – meet GM’s aggressive sales goals
DETROIT (Reuters) – The Chevrolet Malibu has been a symbol of General Motors Co’s competitive woes for nearly 20 years due to designs that critics often lambasted as boring. Now, the No. 1 U.S. automaker is telling suppliers a redesigned version of the midsize sedan will deliver a long-awaited sales jolt.
Volvo CEO wins breathing space as chairman denies seeking replacement
STOCKHOLM (Reuters) – Volvo’s CEO Olof Persson appeared to have won some breathing space on Thursday after recent criticism of the Swedish truck maker’s performance but he needs to show progress over the next year to placate investors.
