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...
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.
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.
Welcome to CEO Watch, where we take stock of the business world's major players, while providing weekly news roundups from the world of Wall Street. Here we profile the CEOs and their firms – those reinventing their companies amid bleak economic times and those unlikely to recover from historic losses. We tally Corporate America's wins and losses while providing insight into the capitalism's insiders. We mean business.
