Business Newsroom

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.

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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.

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