IBT Staff Reporter

110131-110160 (out of 154953)

GM Board Replaces CEO with Chairman Whitacre

General Motors Co's chief executive Fritz Henderson abruptly resigned on Tuesday, after the company's board decided the automaker needed to push its restructuring faster under new leadership.

Dow dips on banks and energy

The S&P 500 and Nasdaq rose on Wednesday, lifted by positive news on online retailers such as Amazon, while the Dow edged lower with energy and financials following mixed data on the labor market.

The Top MBA Programs Integrating Sustainability and CSR

The Aspen Institute recently released the 2009-2010 edition of Beyond Grey Pinstripes, a biennial survey and popular alternative ranking of full-time MBA programs that integrate sustainability and social responsibility into the curriculum.

The “Other” Virgin Islands

I sprawled out on my lounge chair. White, powdery sand surrounded me. I felt energized, yet relaxed. The beach appeared picture perfect. It was nearly deserted. I looked out at the calming shades of

GM CEO departs in shakeup by board

General Motors Co's chief executive, Fritz Henderson, abruptly resigned on Tuesday, after the company's board decided it wanted to chart a new course for the restructuring automaker.

Obama's Afghan withdrawal timeline under fire

President Barack Obama's top deputies on Wednesday defended his plan for a rapid ramp-up in Afghanistan, but some U.S. senators questioned a proposal to set an 18-month timeline for starting to bring troops home

Charming Shoppes posts smaller Q3 loss

Women's apparel retailer Charming Shoppes Inc posted a narrower third-quarter loss as fewer discounts resulted in improved gross margins, and said it entered the fourth quarter with much less carry-over inventory.

Technology gives some high-speed traders advantages

The days of swashbuckling backslappers on the floor of the New York Stock Exchange have given way to an era of trading dominated by analytical technical whizzes whose computers may be running from a town in deepest New Jersey or Texas.

Gold hits record high as investors bet on more gains

Gold hit record highs at $1,216.75 an ounce in Europe on Wednesday as investors bet on higher prices, with funds lengthening positions due to expectations of a fresh leg of dollar weakness and more central bank buying.

Option 2009 revenue to tumble 44 pct, shares drop

Belgian electronics group Option NV forecast a 44 percent drop in full-year revenue, worse than analysts had predicted, sending its shares down more than 8 percent to a three-week low in early trades.

I've let my family down, says Tiger Woods

Tiger Woods admitted he had let his family down on Wednesday when he spoke candidly for the first time about last week's car crash and the subsequent speculation about his private life.

Mark Zuckerberg: Facebook to end Regional Networks

Facebook founder and chief executive Mark Zuckerberg sent an open letter to the sites 350 million users about the modifications that have been made to the privacy policies of the world's most popular social networking website.

Tokyo Electron eyes stronger chip equipment orders

Japan's Tokyo Electron, the world's No.2 supplier of semiconductor-making equipment, said quarterly orders look to be stronger than expected thanks to a surge in demand from memory makers in Taiwan and South Korea.

GM has 600 mln euros to overhaul Opel-Germany

General Motors has signalled it is ready to contribute about 600 million euros ($904.3 million) of its own cash to restructure its Opel carmaking unit, German Economy Minister Rainer Bruederle said on Wednesday.

KGHM eyes raising Polkomtel stake to 25 pct-CEO

Europe's No.2 copper producer KGHM may raise its stake in Poland's top mobile operator Polkomtel to 25 percent, but it will not make good on plans to buy the stake in a Canadian exploration firm in 2009.

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