Ceo | featured news

The embattled chief executive, under pressure over the disclosure of losses and bonuses at Merrill Lynch, told the board on Wednesday that he planned to retire, people briefed on the situation said.

Chevron Chairman and Chief Executive David J. O'Reilly will retire after a decade at the helm of the oil company. He will be succeeded by Vice Chairman John S. Watson.

An index measuring the expectations of 107 CEOs from among the nation's largest companies was at its highest level this year, with more than half expecting sales to grow in the next six months - but their outlook for capital spending remained stagnant, and 40 percent predicted more job cuts....

Today, former eBay CEO Meg Whitman will formally announce her bid for the GOP nomination for the 2010 California gubernatorial race. Whitman wants to cut state spending by another $15 billion and create 2 million private-sector jobs by 2015, according to a speech prepared for today’s announcement in Fullerton, Calif.

The global aviation industry has agreed to cut its net carbon emissions to half 2005 levels by 2050 under a plan to be set out on Tuesday by British Airways chief, Willie Walsh.

American International Group Inc's former Chief Executive Hank Greenberg agreed to pay $15 million to settle regulators' allegations of improper accounting transactions, the Securities and Exchange Commission said on Thursday.

The move was the latest sign that the longtime allies in the computer world are beginning to compete for business.

Former Treasury Secretary Henry Paulson says he was justified last year in suggesting that Bank of America Corp.'s chief executive could lose his job if the bank backed out on plans to buy troubled Merrill Lynch.

Former General Motors Corp. Chairman and CEO Rick Wagoner will retire Aug. 1 with a benefit package the automaker valued at more than $10 million.

UBS AG Chief Executive Oswald Gruebel sent a memorandum to the bank's top executives on Thursday saying the bank could not comply with a U.S. government request to disclose the identity of 52,000 secret account holders, a source familiar with the situation told Reuters.