Jay-Z stepping down as Def Jam president
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Universal Music Group said on Monday  that rap artist and hip-hop mogul Shawn "Jay-Z" Carter is  stepping down as president of its Def Jam Records unit,  effective by the end of the year.
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Nike Inc. NKE.N co-founder  Philip Knight, who helped transform a small-start up business  into the world's biggest athletic shoe company, will step down  as chief executive officer, the company said on Thursday.
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Cristal,   the champagne that has been name-checked in songs by rappers like Lil&#039;   Kim, Snoop Dogg, Sean &quot;Diddy&quot; Combs and 50 Cent, no longer has a place   on Jay-Z&#039;s table. The Def Jam Records president announced Thursday that   he would be boycotting the beverage, both at home and at his chain of   nightclubs, due to comments made by a Cristal executive that he found   offensive.
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Subs can save us The record producer and co-founder Def Jam has only been "co-head" of Sony's Columbia Records since May, but he's already setting about destroying the old business so a new one can be built in its place.â¦
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Phil Knight stepped down Thursday as president and chief executive officer of Nike Inc., the $12 billion athletic shoe and clothing company he co-founded and built into the world&#39;s largest shoe maker and one of the best-known brands.
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Jay-Z is in final negotiations to become president of Universal Music Group's Island Def Jam label, a source familiar with the negotiations said Tuesday.
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NEW YORK (Billboard) - Rapper Jay-Z has been named  president and CEO of Def Jam Recordings, home of such acts as  Grammy frontrunner Kanye West and rap veteran LL Cool j.
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Nike boss Phil Knight last night announced his decision to step down as chief executive of the footwear company he helped found 42 years ago.
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Philip H. Knight, the brash founder of Nike who became as synonymous with the sneaker brand as its swoosh logo, resigned yesterday as chief executive after more than 32 years at the helm.
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Los Angeles - Jay-Z has recruited several friends to replace R Kelly who was fired from their joint Best Of Both Worlds US tour. Guest star P Diddy joined Jay-Z at his New York show along with Mary J Blige.
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The president of Delta Air Lines&#39; low-fare unit, Song, announced his retirement Friday in the latest executive departure at the ailing airline.
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Thatâs apparently the approach being taken by Jay-Z. He says what was âThe Best of Both Worldsâ tour will now be called âJay-Z and Friends.
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MEXICO CITY, Feb. 19 -- Fidel Castro announced early Tuesday morning that he is stepping down as Cuba's president, ending his half-century rule of the island nation.
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The ``Tonight Show&#39;&#39; host announced yesterday that he will step down five years from now, in 2009. Broadcaster NBC said he will be succeeded by Conan O&#39;Brien, whose talk show airs immediately after Leno&#39;s.
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Wednesday, Jay-Z announced he will finish out the 16 remaining dates on the âBest of Both Worldsâ tour, now billed as âJay-Z and Friends.
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Texas rock trio ZZ Top has parted   ways with the manager who helped form the band in 1969,   according to a statement issued on Sunday.
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As Universal Music nears a deal to buy out the rap star Jay-Z and his partners from their venture, Roc-A-Fella Records, the company has renewed an unconventional plan to bring the artist into its executive ranks by naming him president of the Def Jam