GM shakes up auto industry men’s club, naming first woman CEO
DETROIT (Reuters) – General Motors Co CEO Dan Akerson will step down next month and be replaced by GM “lifer” and global product chief Mary Barra, a sign that the development of new vehicles will be the paramount focus of the company that emerged from …
Europe edges toward plan to close failing banks
BRUSSELS (Reuters) – Euro zone countries edged toward agreeing a plan to tackle ailing banks on Tuesday but divisions remain about key parts of the reform that is needed to underpin confidence in the bloc’s lenders.
U.S. finalizes Volcker rule, curbing Wall Street’s risky trades
WASHINGTON (Reuters) – U.S. banks will no longer be able to make big trading bets with their own money after regulators finalized on Tuesday a rule shutting down what was a hugely profitable business for Wall Street before the credit crisis.
New GM CEO Barra seen as a winner early in her career
DETROIT (Reuters) – Until two years ago, Mary Barra, the incoming CEO of General Motors Co , was little known outside the automaker. But her rapid rise inside the company, including a 2011 promotion to senior vice president, was signaled more than a de…
Madoff cried as he confessed fraud to me: witness
NEW YORK (Reuters) – During three decades of working for Bernard Madoff, Frank DiPascali said knew his boss was running an illegal scheme.
Budget deal reached amid conservative opposition
WASHINGTON (Reuters) – Budget negotiators in the Congress have reached an agreement on Tuesday that, if approved by the House and Senate, could restore some order to the nation’s chaotic budget process and avoid another government shutdown on January 1…
Regulators seek to curb Wall St. trades with Volcker rule
WASHINGTON (Reuters) – U.S. banks will no longer be able to make big trading bets with their own money after regulators on Tuesday finalized the Volcker rule and shut down what was a hugely profitable business for Wall Street before the credit crisis.
GM’s new president Ammann out to prove he is not a ‘bean counter’
DETROIT (Reuters) – General Motor Co’s incoming president has gone to great lengths to prove that while he is the U.S. automaker’s chief financial officer, he is not just a “bean counter.”
GM shakes up auto industry men’s club, naming first woman CEO
DETROIT (Reuters) – General Motors Co CEO Dan Akerson will step down next month and be replaced by GM “lifer” and global product chief Mary Barra, a sign that the development of new vehicles will be the paramount focus of the company that emerged from …
Clubby ties between U.S. CEOs and board audit committees: study
NEW YORK (Reuters) – Almost 40 percent of U.S. corporate directors with responsibility for monitoring the profit-and-loss ledger have social ties to the chief executive, a study says, making them look more like lapdogs than watchdogs.
