EMI boss to quit ahead of buyout
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EMI chief executive Eric Nicoli is to step down from his post as part of a shake-up under new owners Terra Firma.
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Business & money: Â· UK chief goes after new owner angers musicians   Â· Venture capital group determined to cut costs
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Struggling music company EMI Group PLC, beset by profit warnings and an accounting scandal in Brazil, was thrown a potential lifeline Tuesday with a possible new takeover bid by former suitor Warner Music Group.
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Former press baron Conrad Black will  quit as chairman and chief executive of his Canadian holding  company, Hollinger Inc. HLGc.TO, to facilitate his offer to  take it private.
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Former EMI Group  Chief Executive Jim Fifield is still working on a deal to buy the company despite his reported financial backer, Corvus Capital , pulling out, the New York Post said on its Web site.
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The new owners of music label EMI Group Â home of the Rolling Stones, Coldplay and the Spice Girls Â said Tuesday that they plan to cut up to 2,000 jobs, or just over a third of its work force, in a restructuring aimed at offsetting the impact of falling revenue from CD sales and the departure of several of its major artists.
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British music company EMI Group Plc   said on Thursday it had ceased discussions over an  offer being made for the company as it did not fully reflect  the prospects and value of the group.
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Former EMI Group Chief Executive Jim  Fifield is still working on a deal to buy the company despite  his reported financial backer, Corvus Capital, pulling out, the  New York Post said on its Web site.
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EBay CEO Meg Whitman is planning to step down from the company she has led for the past 10 years, The Wall Street Journal said Tuesday.
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Meg Whitman, the chief executive of online auction website eBay announces she will step down on 31 March.
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EMI, the world's third largest record label, has officially rejected a $4.1 billion takeover offer from the world's fourth largest label, Warner Music. EMI on Friday held a board meeting to discuss the "non-binding proposal" and decided it was not good for shareholders.
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EBay CEO Meg Whitman is planning to step down from the company she has led for the past 10 years, The Wall Street Journal said today.
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British music giant EMI Group PLC is preparing to cut up to 2,000 jobs, or about one-third of its work force, as part of a contentious restructuring plan being prepared by the group's new owner, Terra Firma Capital Partners, reports said Sunday.
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British music company EMI Group Plc will  buy out shares in Toshiba-EMI Ltd., the Japanese joint venture  it had with Toshiba Corp., to expand in the local music  industry, Toshiba said on Thursday.
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The new owners of music label EMI Group Â home of the Rolling Stones, Coldplay and the Spice Girls Â said Tuesday that they plan to cut up to 2,000 jobs, or more than a third of its work force, in a restructuring aimed at offsetting the impact of falling revenue from CD sales and the departure of several of its major artists.
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Australia&#39;s largest listed company, telecommunications giant Telstra Corp., announced Wednesday that its chief executive will stand down by July 2005 - two years before his contract ends.
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EMI Group PLC, one of the world's largest music companies, warned Monday that its full-year sales and profits will be below expectations because of the delayed release of two key albums and market weakness in the fourth quarter. Its shares fell 16 percent.