UPDATE 2-Odyssey warns of weak quarter, CEO resigns
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Odyssey Healthcare Inc. (ODSY.O: Quote, Profile, Research) on Monday warned of an earnings shortfall, announced the resignation of its chief executive and said it was the subject
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Executives urged to quit over risks that took lender to the brink of collapse.
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Marsh &amp; McLennan Cos. (MMC.N: Quote, Profile, Research) Chairman and Chief Executive Jeffrey Greenberg resigned on Monday, 11 days after New York Attorney General
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A key executive of the insurance brokerage unit of Marsh & McLennan Cos.  has resigned, and sources said a major reorganization will take place on Thursday at the hands of the unit's new chief, Dan Glaser.
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NEW YORK: PeopleSoft yesterday sacked Chief Executive and president Craig Conway, citing a loss of confidence, and the software company&#39;s shares jumped on expectations that the move could pave the way for a deal with hostile bidder Oracle.
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EarthLink founder Sky Dayton said he&#39;s stepping down as CEO of Helio, a move that appears to be part of the plan to&#160;reduce EarthLink&#39;s position in the mobile company.Dayton will become chairman of Helio&#39;s board and Wonhee Sull, formerly Helio&#39;s president and chief operating officer, will take on the role of CEO. Sull was chief operations officer at the founding of Helio and prior to that worked for SK Telecom, which launched the mobile venture in a 50-50 partnership with EarthLink in 2006.A combination of market dynamics and challenges at EarthLink have recently led to changes in the Helio partnership. In November, EarthLink said it would reduce its ownership in Helio to about 22 percent, as part of an announcement of a new SK Telecom investment in the venture. At the time, EarthLink said it wasn&#39;t expecting to invest any more in Helio and that SK Telecom would take over operating control of the joint venture.EarthLink has been struggling&#160;as its traditional customer base of dial-up subscribers continues to shrink. It is working through a restructuring aimed at reversing its losses, including putting its municipal Wi-Fi plans on hold and cutting back on sales and marketing spending.Beyond EarthLink&#39;s troubles, Helio faces a challenging market. Mobile providers that don&#39;t own their own networks, like Helio, have struggled recently. Amp&#39;d, a similar company geared toward young mobile users, filed for bankruptcy protection and put itself up for sale in the middle of last year, but ultimately shut down. ESPN Mobile and Disney Mobile have suffered similar fates.Even though Helio has big-spending users and plenty of cash, EarthLink expects the company to report a year-end loss for 2007 of as much as $360 million on revenue of as much as $170 million. That&#8217;s after SK Telecom and EarthLink started the company with a combined $440 million. Since then, both companies have made additional investments.Helio has almost 200,000 subscribers who beat industry averages by some metrics, the company said. On average, Helio users spend more than $85 per month, compared with an industry average of $50, Helio said. In addition, Helio customers send an average of 550 text messages per month, and 95 percent of Helio users access the Web from their phones, according to the company.
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Nice comps report. Too bad about the CEO.
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EBay Inc warned that results for  the current quarter and year would fall below Wall Street  expectations, spoiling strong 2007 year-end results and the  planned departure of long-serving Chief Executive Meg Whitman.
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By Bob Mims, The Salt Lake Tribune  Sep. 21--The Nasdaq Stock Exchange has warned Novell Inc. that delays in  filing its most recent quarterly earnings report could get the company  delisted.
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Troubled TiVo seems headed for more turbulence, even after recent exit announcements from CEO Michael Ramsay and President Marty Yudkovitz sent shares down 6.8% Wednesday to &#36;3.58, a 52-week low.
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The electronics company posts a big loss amid a variety of problems the company says are "self-induced." It also warns it expects an operating loss for the current quarter, which includes the rest of the holiday selling season.
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Oracle Corp. ORCL.O will announce  layoffs at PeopleSoft Inc. on Friday to integrate the recently  acquired company into the world's second-largest business  software maker, Oracle's CFO said on Tuesday.
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Blog: Failure to file quarterly earnings reports while the company investigates possibly refiling over accounting errors has resulted in a repeat notice of possible NASDAQ delisting.
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The chief executive and chairman of the Marsh &amp; McLennan Companies, the world&#39;s biggest broker of insurance, resigned yesterday, less than two weeks after his company was accused of cheating customers.
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NEW YORK Marsh &amp; McLennan has a good chance of surviving despite the departure Monday of Jeffrey Greenberg, its chief executive, as long as its outside directors understand that removing Greenberg is not the last but the first change they will have to make
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EBay Inc  announced on  Wednesday the planned departure of long-serving Chief Executive  Meg Whitman as it warned that revenue for the first quarter and  2008 would fall below Wall Street expectations, despite strong  2007 year-end results.
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Sobering expectations â foreshadowed on Sunday when management announced the lower prices â weighed on the companyâs already drooping stock.