Australiaâs Amcor ousts CEO amid cartel probe
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Australiaâs Amcor ousts CEO amid cartel probe Amcor, the worldâs top maker of plastic bottles, ousted its respected chief executive after finding some staff may have acted illegally to drive up box prices, knocking 8 percent off its shares.
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China's move to become the biggest shareholder in Rio Tinto could face scrutiny by Australian regulators.
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Prosecutors indicted a Korean bank and a Belgium-based holding company owned by Lone Star Funds, an American private equity group, on charges of stock price manipulation in connection with Lone StarÂs 2003 acquisition of the bank. Lone StarÂs vice chairman, Ellis Short, and its general counsel, Michael Thomson, already face charges of spreading false information to weaken the stock price of the Korea Exchange BankÂs credit card unit before it was bought by Lone Star. The new charges are against the bank and LSF-KEB Holdings, a paper company based in Brussels that Lone Star set up in 2003 to take over the bank, according to Chae Dong-wook, a senior prosecutor. Officials of the bank and other Lone Star officials declined to comment.
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Marsh & McLennan Cos. MMC.N Chairman  and Chief Executive Jeffrey Greenberg resigned on Monday, 11  days after New York Attorney General Eliot Spitzer accused the  world's biggest insurance broker of rigging bids.
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Coles Myer, the countryâs second-largest retailer, put itself up for sale, four months after rejecting a buyout offer of 18.2 billion Australian dollars ($14.4 billion) led by the equity firm Kohlberg, Kravis Roberts & Company. The chief executive, John Fletcher, will oversee a review of the company after receiving a number of approaches, Coles said.
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Broker Marsh &amp; McLennan Cos.&#39; (MMC.N: Quote, Profile, Research) internal investigation into accusations of insurance bid-rigging has triggered the dismissal of four executives in recent days, a company representative said on
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ViacomÂs chairman forced out his top executive, Tom Freston, reasserting his control over the media giant he built over decades.
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Telstraâs embattled chief executive resigned on Wednesday as Australiaâs largest telecommunications company prepared for the A$30bn sale of the governmentâs remaining shareholding.
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SINGAPORE The takeover battle for Australian Leisure &amp; Hospitality Group and its liquor stores appeared to come to an abrupt end on Tuesday as the retailer Coles Myer handed its rival Woolworths what analysts said might prove a Pyrrhic victory.
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An independent takeovers panel has headed off Woolworths&#39; attempts to force a resolution in the takeover battle for liquor retailer Australian Leisure and Hospitality (ALH).
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The oil company Total named Christophe de Margerie, formerly the companyâs No. 2 executive, as its chief. Mr. de Margerie is under investigation in France over a possible plan to pay foreign officials for the right to drill in their countries, linked to the oil-for-food program for Iraq. Total, following the footsteps of several big French companies, announced last year that it would split the jobs of chief executive and chairman, leaving Thierry Desmarest, who currently holds both posts, as chairman only. Mr. de Margerie, left, currently head of the exploration and production division, has worked for Total for more than 30 years. The French authorities placed him under investigation in October for âcomplicity in the abuse of company goodsâ and âcomplicity in corrupting foreign officials.â Total insists it has abided by the rules of the United Nations oil-for-food program, which allowed Saddam Hussein to sell oil in exchange for humanitarian goods.
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The biggest U.S. health insurer ousted its chief financial officer after an external investigation found that he violated the company code of conduct.
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Marsh & McLennan Cos. Chairman and  Chief Executive Jeffrey Greenberg resigned, the company said on  Monday, 11 days after New York's attorney general accused the  world's biggest insurance broker of rigging insurance prices.
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LOS ANGELES (CBS.MW) -- Following a wave of declining quarterly sales, Manugistics Group has fired its top sales and marketing executive a little more than a year after he was hired, the company disclosed in a regulatory filing Monday.
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MONTREAL (CP) - Paul Tellier has disembarked as president and chief executive officer of Bombardier Inc. The bombshell announcement Monday morning came as the Montreal-headquartered multinational transportation
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Woolworths has probably won the first phase of the battle for Australian Leisure &amp; Hospitality Group. Whether that translates into clear leadership of the Australian liquor retailing
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Shares in the pub and bottle shop owner Australian Leisure &amp; Hospitality Group slipped yesterday after Coles Myer chief executive John Fletcher gave his strongest indication yet that the retailer&#39;s