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It is a hard blow to the Nano. The manufacturing of the tiny "revolutionary," less expensive car in the world ($2,500) is being stopped. "Tata motors has been constrained to suspend the construction and commissioning work at the Nano plant in Singur in view of the continued confrontation and agitation at the site," declared Ratan Tata’s spokesman yesterday in the Hindustan Times. The company also declared that it was looking at alternative sites.
Bernard Arnault, CEO of LVMH Moët Hennessy Louis Vuitton, the largest luxury-goods maker, said on September the 2nd that he had agreed to buy Royal van Lent, a 160-year-old maker of custom-designed yachts from the Dutch investment company Egeria.
Oracle Corp.'s Larry Ellison topped the list of the 10 highest-paid CEOs at Standard & Poor's 500 companies, with a fiscal 2008 pay package of $84.6 million.
The student finance firm First Marblehead Corp. saw its stock skyrocket Monday after it announced that Daniel Myers, the company's co-founder and former chief executive, would return to the CEO post.
Shareholder support for advisory votes on executive compensation is growing, albeit modestly, at U.S. corporations.
A growing number of chief executives are exiting their positions prematurely, according to a new study.
General Electric will dive into the turbulent financial services industry, said chairman and CEO Jeff Immelt during a wide ranging interview from the Beijing Games.
Calpine Corp. named former Texas Genco chief executive Jack Fusco its new president and CEO, replacing Robert May.
The United Airlines pilots union called for the resignation of UAL chairman and chief executive Glenn Tilton, underlining the airline's poor on-time performance and financial losses.
Apple CEO Steve Jobs said users downloaded 60 million programs from the newly launched online software clearinghouse.
Chief executives hired outside a company are paid significantly more than chief executives hired in-house, according to a new study.
Despite increasing public scrutiny of exorbitant CEO salaries, 2007 saw an increase in CEO pay at S&P 500 companies.
Despite a lagging economy, Cisco Systems profits rose 4.4 percent in the fourth quarter from a year earlier, as CEO John Chambers announced he was "very comfortable" with the company's long-term growth target.
The social networking site plans to name Richard Kimber its new chief executive.
Wachovia Corp., the nation's fourth largest bank, has named former Treasury Undersecretary Robert Steel chief executive.
Stanley Ho, 85, can now move ahead with the $493 million initial public offering, scheduled for mid-July. He has said that most of the money raised will be spent on new casino projects.
"I do think we have some very serious issues to face," said Dimon, according to Reuters. "Things could actually get worse."
Reeling from slumping sales amid a stalling U.S. economy, General Motors C.E.O. Rick Wagoner is considering cutting thousands of jobs at the Detroit automaker, while also contemplating whether to stop production on some G.M. brands, according to a report by the Wall Street Journal.
Microsoft C.E.O.
Steve Ballmer is still interested in buying Yahoo, but only of the entire Yahoo board of directors is replaced, according to reports.
Motorola Inc. names Sanjay Jha co-Chief Executive Officer, tapping him to run the company's ailing wireless handset division.
Former Bear Stearns chief executive Alan Schwartz will leave J.P. Morgan Chase at the end of August.
Morgan Stanley chief executive John Mack readies to recruit top executives.
Merrill Lynch shores up capital with a fire sale of its mortgage securities and analysts wonder, who's next?
Patricia Russo and Serge Tchuruk, the two architects who orchestrated the merger of the telecommunications equipment giant Alcatel-Lucent two years ago, will step down at the end of the year.
Buyout king Henry Kravis announced late Sunday that he will take his private equity firm Kohlberg Kravis Roberts & Co. public...
Charles Schwab Corp. Tuesday named Walter Bettinger II as chief executive and announced it had boosted its quarterly dividend by 20 percent.
Slumping sales and skyrocketing gasoline prices have derailed C.E.O. Alan Mulally's turnaround plans for Ford Motor Co.
The nation's fourth largest bank reported a staggering $8.9 billion loss during the second quarter, adding that it will cut its dividend again and slash 6,350 jobs.
Jerry Yang can breathe easy, for now.
Merrill Lynch & Co., weighed down by $9.4 billion in write-downs, posted a second-quarter loss of $4.89 billion Thursday and unveiled plans to sell billions of dollars of assets.
Jamie Dimon, chief executive of J.P. Morgan Chase, announced Thursday that the bank's second-quarter net income fell 53 percent as a result of the continued credit crunch and $540 million in costs for the acquisition of Bear Stearns.
Schwartz, who headed Bear Stearns before its epic collapse in March, asked Blankfein whether Goldman Sachs traders in London manipulated the firm's stocks.
Battered by slumping sales and a sagging economy, General Motors C.E.O. Rick Wagoner announced plans Tuesday to eliminate its quarterly dividend, slash...
Daniel Lyons, the former Forbes magazine journalist who wrote the immensely popular blog The Secret Diary of Steve Jobs, has decided to pen his last entry.
John Thain is contemplating selling other investments in order to raise capital, including its stake in Bloomberg LP, according to a report by CNBC.com...
The steel magnate CEO of ArcelorMittal, Lakshmi Mittal, joined the board of American business bank Goldman Sachs as an independent director, the company announced Sunday.
The long legal battle former NYSE Chairman Richard Grasso's compensation package ended when a New York court ruled Grasso could keep the $187.5 million he was paid.
"The record casts doubt on whether
Microsoft was ever committed to a whole company acquisition," said Yahoo during its shareholder meetings, according to AP.
Lehman, the nation’s fourth-largest investment bank, lost almost $3 billion in the second quarter, according bank insiders who wished not to be identified, reports the Associated Press.
Countrywide Financial C.E.O. Angelo Mozilo is under fire for providing two U.S. senators and former cabinet members special home loans...
Areva, the French engineering and nuclear technology group, harvested a total $11.8 billion worth of contracts this spring in the United States...
The streaming service is crucial to Netflix's future prosperity...
With consistently rising gas prices, General Motors' CEO, Rick Wagoner, announced drastic cuts in production of S.U.V.'s and pickups on June 3, and geared up plans for smaller cars and engines.
Ken Thompson, CEO of United States’ fourth largest bank, Wachovia, has been asked to quit by the board of directors of the company. He is temporarily replaced by Lanty Smith, present chairman of the board. This decision came to sanction the turbulences that the bank encountered since the beginning of the sub-prime crisis.
Two media titans, Rupert Murdoch News Corp's CEO and Tom Glocer, the head of Thompson Reuters, said they support a partnership between computer giant
Microsoft and Internet giant Yahoo!, after a deal between the two companies fell through in April.
GE Energy, a division of General Electric Co., has signed, with Saudi Electricity Company, contracts worth over $500 million...
Exxon Mobil C.E.O. and Chairman Rex W. Tillerson defeated an attempt to displace him from one of his jobs during an annual shareholders meeting.
Saying customers were forced to spend more of their money on the soaring cost of gas and food, Sears Holdings Chairman Eddie Lampert announced a quarterly loss of $56 million.
Honda plans a gas-electric version of its popular subcompact model, Fit, with rollout projected for early next decade..
Microsoft chief executive
Steve Ballmer unveiled a few details of the software giant's upcoming operating system, tentatively titles Windows 7...
Ghosn confirmed a long term participation of the French motor team in the competition, despite a year and a half of mediocre results.
Vodafone Group's Arun Sarin will step down as chief executive officer of the world's largest cell phone operator
HSBC chief executive Michael Geoghegan says the British-based bank might see further losses stemming from the U.S. subprime mortgage debacle, and he suggested banks worldwide hike interest rates to combat inflation.
Mateschitz's energy drink pioneer company, Red Bull, hopes its new Red Bull Cola, which debuts in Las Vegas in June, will grab a larger share of the mainstream crowd.
American Apparel C.E.O.
Dov Charney was named Retailer of the Year at 15th Annual Michael Awards, a fashion industry ceremony held at New York City’s Marriott Marquis Hotel.
Cablevision Systems Corp., led by C.E.O. James Dolan, reached a $650 million deal to buy the Long Island daily Newsday from Tribune Co.
The median C.E.O. pay increased just 1.3 percent from 2006 to 2007, according to a recent study by the executive compensation research firm Equilar...
Carlos Ghosn and Renault-Nissan to launch an electric car in the U.S. in 2010
Within the next three years, Pandit announced, Citigroup will shed $400 billion in assets, all in an effort to streamline the bank and appeased worried shareholders.
C.E.O. Les Moonves announced CBS Corp. is buying CNet Networks Inc., the online news provider for $1.8 billion.
Ghosn and Renault-Nissan Alliance have announced on May 13, the launching of the manufacturing of their own ultra-budget car
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