Chrysler LLC named former Home Depot Inc Chief Executive Officer Robert Nardelli as CEO, demoting Tom LaSorda, as new owner Cerberus Capital Management LP takes control of the automaker.
Investors in three South Korean shipbuilders fared better this year than if they had put their money into technology or Internet stocks such as Apple Inc or Google Inc. The gains will keep on coming.
The head of corporate restructuring lending at General Electric Co said on Wednesday (local time) he expects to hear more distressed companies knocking on his door as the US economy slows and credit standards tighten.
Singapore state investor Temasek, which owns stakes in Barclays, Standard Chartered, and Chinese banks, said full-year profit fell 29 percent, hit by Thai telecom firm Shin Corp and lower divestment gains.
When Indian money manager Madhusudhan Kela goes out marketing his funds, he gets cheers as well as cash.
Working for a failing airline many Italians love to hate is never easy, but some harassed Alitalia staff say a dud privatization has pushed their working lives to a new low.
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