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Michael Williams, the chief executive of US mortgage giant Fannie Mae, will step down once a successor has been found, the company says. Mr Williams was put in charge of Fannie Mae in 2009 after the firm had been rescued by the US government at the height of the financial crisis.

The tech world was abuzz Monday when the compensation package for Apple's new CEO Tim Cook was released. The total for 2011? $378 million.

One of the bigger, if expected, events at today’s CES Press Day was the announcement (three times) that AT&T will offer the Microsoft Windows-based Nokia Lumia 900 smart phone. AT&T announced the news Monday morning at a meeting for developers – with a hand from Nokia CEO Stephen Elop and Microsoft CEO Steve Ballmer; Nokia then discussed it at their own event; and then Ballmer discussed the launch again at his keynote Monday night.

Yahoo Inc. has named Scott Thompson, president of eBay Inc.'s PayPal division, as its new CEO, the fourth one in less than five years for the struggling Internet company.

This week's resignation of New York Times chief executive Janet Robinson caught even senior executives by surprise. But for several years she had come under criticism for digital missteps.

Janet Robinson will step down as chief executive of the New York Times Co at the end of the month after a seven-year run in which she attempted to steer the company through one of the harshest business environments it has ever faced.

Losses will mount at the Oprah Winfrey OWN network as investment is ramped up, said David Zaslav, CEO of Discovery Communications.

Georg Szalai With other industry moguls in the audience, he also tells an annual UBS investor conference that advertising trends in the first quarter of 2012 feel stronger than in the current fourth quarter. read more

General Motors will buy Chevrolet Volts back from any owner who is afraid the electric cars will catch fire, the company's CEO says.

Time Warner Inc. Chairman and CEO Jeff Bewkes today announced the appointment of Laura Lang as Chief Executive Officer of Time Inc. Ms. Lang will join the company from Digitas Inc. where she served as Chief Executive Officer since 2008. She will become CEO of the largest U.S. publishing company, home to such iconic brands as PEOPLE, TIME, INSTYLE, and SPORTS ILLUSTRATED, in January 2012.