CEO Watch Business Newsroom
Welcome to CEO-watch.com's newsroom. Find all news articles published on CEO-watch.com compiled chronologically in this section.
Kravis to Take KKR Public Buyout king Henry Kravis announced late Sunday that he will take his private equity firm Kohlberg Kravis Roberts & Co. public... Charles Schwab Names New C.E.O. Charles Schwab Corp. Tuesday named Walter Bettinger II as chief executive and announced it had boosted its quarterly dividend by 20 percent. Ford Posts Largest Quarterly Loss Slumping sales and skyrocketing gasoline prices have derailed C.E.O. Alan Mulally's turnaround plans for Ford Motor Co. Wachovia Loses $8.9 Billion 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. Icahn on Board Jerry Yang can breathe easy, for now. Merrill Reports $4.9 Billion Loss 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. J.P. Morgan Beats Forecasts 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. Goldman Questioned About Bear's Collapse Schwartz, who headed Bear Stearns before its epic collapse in March, asked Blankfein whether Goldman Sachs traders in London manipulated the firm's stocks. G.M. to Cut Jobs, Sell Assets Battered by slumping sales and a sagging economy, General Motors C.E.O. Rick Wagoner announced plans Tuesday to eliminate its quarterly dividend, slash... Farewell, Fake Steve 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.
