Verizon's President Babbio to retire in first quarter
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Verizon Communications Inc  said on Monday its Vice Chairman and President Lawrence Babbio has said he would retire at the end of the first quarter next year.
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Come March, is there going to be less glimmer in the Starbucks (Nasdaq: SBUX) galaxy? Well, yes -- the news broke last night. The company&#39;s president and CEO, Orin Smith, will retire at that time after having
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In a $1 million settlement, Verizon is reimbursing customers who had their broadband service disconnected.
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Motorola Inc. will cut 1,000 jobs worldwide and take a charge of 50 million dollar for severance benefits as it completes the spinoff of its semiconductor division, officials said today.
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USA Today publisher Gannett Co Inc said on Thursday that the president of its newspaper division will retire in late May.
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Denny Strigl, who is currently president and CEO of Verizon Wireless, will take charge of parent company Verizon Communications beginning January 1.
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(InfoWorld) - Richard Notebaert, chairman and CEO of Qwest Communications International will retire as soon as the company's board of directors can find a replacement, Qwest said Monday. Qwest has begun a formal search for a replacement, but the company has not set a timetable for naming a new chairman and CEO, Qwest said in a press release. Notebaert, chairman and CEO since June 2002, informed the board of his decision to retire, the company said. Qwest plans no changes in strategy after Notebaert's retirement, the company said. Notebaert, in a statement, said he plans to spend more time with family and on other commitments. "I will leave the company only when the Board has selected a leader who shares our vision and will continue to guide Qwest's solid performance and reputation as a leading national communications provider with a very bright future," he said. Qwest, based in Denver, Colorado, recorded its first year of operational profitability under Notebaert in 2006. In addition to providing telephone and Internet services to customers in parts of the U.S. Midwest, Northwest and mountain states, Qwest also has a coast-to-coast fiber optic network and providers telecom services for the U.S. government. Notebaert took over from ex-CEO Joseph Nacchio, who wasÂ convicted by a federal juryÂ in April on 19 of 42 counts of insider trading. After Nacchio left Qwest, the company had to restate $2.5 billion in revenue due to fraudulent accounting practices. Frank Popoff, lead director on the Qwest board, credited Notebaert with turning the company around. "Dick's leadership in the transformation of Qwest has exceeded all expectations," Popoff said in a statement. "He will leave the company well positioned for future growth and truly will be missed."
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Verizon Wireless plans to introduce in February the first U.S. consumer services to take advantage of so-called 3G or high-speed mobile networks, the company said on Friday.
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Starbucks' CEO Orin Smith will retire in March. Don't panic.
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Verizon Wireless, the largest U.S. wireless company, will expand its high-speed data service to 16 markets by the end of the year, the chairman of Verizon Communications Inc. said on Monday.
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WASHINGTON (CBS.MW) -- Motorola plans to eliminate 1,000 jobs in connection with the spinoff of its semiconductor unit. Free! Sign up here to receive our Weekly Roundup e-Newsletter!
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Jeff Raikes, the president of Microsoft's Business Division, plans to retire in September, the company said on Thursday.
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Motorola Inc., the world's second-largest cell phone manufacturer behind Nokia, said Wednesday that veteran executive Mike Zafirovski is resigning as president and chief operating officer at the end of the month.
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Francisco Codina will retire on Nov. 1 as the automaker tries to stem a prolonged decline in U.S. sales.
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New Motorola Inc. CEO Greg Brown doesn't have the secret weapon his predecessor Ed Zander possessed when he arrived at the cell phone maker four years ago Â the Razr. But that could be a good thing Â if Brown, who took over Tuesday as chief executive, applies lessons learned from Motorola's nasty fall last year.
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Richard Notebaert, chairman and CEO of Qwest Communications International will retire as soon as the company's board of directors can find a replacement, Qwest said Monday.
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The layoffs are expected to come by November First, with most coming at Belo&#39;s flagship newspaper, The Dallas Morning News. Belo also says it&#39;s reassessing the future of its Dallas-based Texas Cable News television operation.