Kerkorian aide quits GM board, stock drops
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Billionaire investor Kirk Kerkorian on Friday shelved plans to raise his stake in General Motors Corp.  and said his aide had stepped down from the automaker's board two days after GM nixed a three-way alliance with Renault-Nissan.
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Research in Motion said that a top executive stepped down from one of his posts after the company said it would restate about $250 million in earnings.
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Tracinda Corp., the investment firm  representing billionaire investor Kirk Kerkorian, said in a  regulatory filing on Friday it has decided not to acquire  additional shares of General Motors Corp.  common stock.
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Billionaire investor Kirk Kerkorian on Friday shelved plans to raise his stake in General Motors Corp.  and his aide quit the automaker's board two days after GM nixed a three-way alliance with Renault-Nissan.
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George A. (Jay) Keyworth II, who has served on the HP (NYSE:HPQ)(Nasdaq:HPQ) board of directors since 1986, has resigned from the board, effective immediately.
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Dow Jones & Co. Inc. director Dieter  von Holtzbrinck is resigning from the board, saying he could  not support the company&#39;s endorsement of a $5 billion takeover  offer by Rupert Murdoch&#39;s News Corp.
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Business & money: Terry Semel steps down after six years to be replaced by co-founder Jerry Yang.
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A board member resigned, according to sources, because the computer giant tried to squelch leaks to the press.
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Yahoo Inc  nonexecutive Chairman Terry Semel is leaving the board, the Internet company said on Thursday, announcing the end of its formal ties with the ex-CEO credited with reviving the company and then losing touch.
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Having lost the confidence of his board, E. Stanley OâNeal is expected to resign as early as Monday as chairman and chief executive of Merrill Lynch.
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General Motors Corp., the world's biggest automaker, said Wednesday its net income fell 37 percent in the fourth quarter, led downward in part by continued struggles at its European operations.
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General Motors Corp. GM.N, the  world's biggest automaker, will keep shrinking its U.S. work  force this year, offering buyout packages to more salaried  employees to offset rising costs, executives said on Monday.
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With the collapse of his bid to push General Motors Corp. into an alliance with two foreign automakers, Kirk Kerkorian has yet to reap a windfall on his investment in the automaker, which analysts said could drive him to seek ways to further lift the stock price.
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Last week started badly enough for Mitsubishi Motors North America, with key dealer-council members threatening to revolt over the decision to put the besieged car maker's &#36;200 million creative account into review. Then it got worse. The review's leader, CEO Finbarr O'Neill, quit to join Reynolds and Reynolds, an auto consultancy. Manufacturing chief and COO Rich Gilligan was immediately installed as his replacement.
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Jerome B. York, an adviser to the billionaire investor Kirk Kerkorian, condemned the companyÂs management.
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Yahoo Inc  nonexecutive  Chairman Terry Semel is leaving the board, the Internet company  said on Thursday, announcing the end of its formal ties with  the ex-CEO credited with reviving the company and then losing  touch.
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Shares of Monster Worldwide Inc.,  parent of jobs Web site Monster.com, fell more than 2 percent  on Wednesday after it said its chief financial officer was  resigning in a management shake-up.