Nasscom Urges Bazee CEO Release
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Nasscom, the premier IT trade body, released a statement last evening expressing its dismay at the news of the arrest. It said: &quot;Nasscom is dismayed at the news of the arrest of the CEO of an IT company (Baazee
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Nestle SA, the world's biggest food and drink company, Tuesday said it plans to make Chief Executive Peter Brabeck its chairman as well.
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On top of evaporating earnings, Building Materials' CEO is being threatened by a big shareholder.
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Activist investor Knight Vinke is calling for HSBC Holdings  Executive Chairman Stephen Green to be moved to non-executive chairman as part of a campaign to force change at the bank, the Sunday Times reported.
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Charles E. Grassley has asked NASD, the largest securities industry regulator, to describe how it identifies and tracks possible insider trading among its members.
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Coca-Cola&#39;s chief executive yesterday said the world&#39;s largest beverage maker needs to work harder, better execute its strategy, and improve its culture
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Indiaâs National Association of Software and Service Companies (Nasscom) has asked U.K. broadcaster Channel Four Television to provide information from a news documentary that it plans to air Thursday evening about alleged data theft in India.
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YAHOO chief Terry Semel has been put on notice by shareholders that he must improve his performance if he wants to keep the lucrative job.
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Freescale Semiconductor Chairman and CEO Michel Mayer will leave his posts as soon as a replacement is found, the company said Friday.&quot;The time is right for me and my family to take some time off before exploring new challenges. The company is well positioned to continue its transformation,&quot; Mayer said in a statement.Freescale officials didn&#39;t respond to requests for comment.Mayer led the company when it spun off from Motorola&#39;s semiconductor group and went public in 2004. He also played a role in Freescale&#39;s buyout by four private equity firms in 2006 for $17.6 billion. The equity firms included The Blackstone Group, The Carlyle Group, Permira Funds and Texas Pacific Group.However, the company has been struggling financially, posting a loss of $525 million on sales of $1.54 billion in the fourth quarter of 2007. For 2007, the company reported a loss of $1.6 billion on net sales of $5.7 billion. Freescale&#39;s sales totaled $6.36 billion in 2006.The company&#39;s key customer remains Motorola, to which it sells chips for wireless handsets, networking infrastructure and other devices such as set-top boxes. Motorola, which is struggling financially and saw a management shakeup in recent months, is considering spinning off its handset business. Ed Zander announced in December that he would step down as Motorola&#39;s CEO.
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Jakarta - The president of the Organization for Petroleum Exporting Countries (Opec) on Wednesday urged the United States to release some of its emergency crude oil stocks.
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Pressure on French advertising group Havas mounted yesterday as it emerged that corporate raider and dissident shareholder Vincent Bollore has asked for seats on the company&#39;s board.
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Nasdaq Stock Market Inc.&#039;s   Chief Executive Bob Greifeld on Wednesday stood firmly by his  decision to pursue the London Stock Exchange  as  archrival the NYSE Group  seeks to take over  pan-European stock exchange operator Euronext .
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Bleach and household products maker  Clorox Co.  on Wednesday named Donald Knauss, the  departing president of Coca-Cola Co.'s  North American  operations, as chairman and chief executive, effective October.
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NYSE Group , which operates the New York Stock Exchange, has requested relief for one month from compliance with certain securities regulations taking effect on Monday.
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The new CEO may want to shed non-strategic parts of the business.
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The CEO's resignation likely means more trouble ahead.
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Pyxis Technology, the DFM (design for manufacturability) routing  company, announced today that Phil Bishop, most recently president and  CEO of Celoxica Holdings plc. (AIM:CXA), has been named president and  CEO of Pyxis Technology.