Time Warner Inc's board on Monday elected Jeffrey Bewkes to succeed Richard Parsons as chief executive on January 1, stoking expectations that big changes lie ahead for the world's largest media company.
Ford Motor Co will keep six plants open and pay $15.4 billion to create a retiree healthcare fund under an agreement United Auto Workers officials approved on Monday (local time), clearing the way for a rank-and-file vote.
Japan Airlines Corp, Asia's largest carrier, raised its forecast for full-year operating profit 37 percent as it lowered costs by speeding up job cuts.
Boone Pickens, the high-rolling oilman, may have engineered one of his shrewdest takeovers yet in the form of eight acres of Texas scrubland.
Charles Prince resigned on Sunday as chairman and chief executive of Citigroup Inc, as the bank said it may write off $11 billion of subprime mortgage losses, on top of a $6.5 billion write-down last quarter.
Robert Rubin's career has taken him from Wall Street wizard to the pinnacle of power in Washington, and back.
Sir Win Bischoff has taken on a tough role - being acting chief executive for a giant bank that needs plenty of attention.
Stocks fell in Europe and Asia after Citigroup Inc's announcement of as much as $11 billion in writedowns suggested financial companies may face more losses. US index futures retreated.
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