Raytheon Seeks to Change Board Election
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Raytheon Co.&#39;s board of directors is recommending that shareholders approve annual elections for all board members to replace the current system of three-year terms.
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The U.S. Congress asked the  Securities and Exchange Commission on Saturday to send  lawmakers a report justifying a new rule forcing mutual fund  boards to have independent chairmen.
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Securities and Exchange Commission Chairman William H. Donaldson said yesterday that he wants to move ahead this year with a plan that would allow dissatisfied shareholders to propose board candidates under limited conditions.
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LOS ANGELES, Oct. 25  â An investment group affiliated with labor unions has called on Countrywide Financial, the struggling mortgage lender, to let shareholders play a role in nominating a successor to Henry G. Cisneros on the companyâs board.
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Business & money: Knight Vinke wants to force a shake-up at Britain's biggest bank.
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Boeing is adopting a new strategy as it faces a new wave of orders that, if not managed right, could swamp the company again.
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The Transportation Security Administration yesterday said it would resume plans to seek bids for a large technology maintenance contract, ending consideration of a proposal to give the work to an Alaska Native Corporation without competition.
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FL Group , one of the largest shareholders in AMR Corp , has urged the board of the American Airlines parent to consider strategic alternatives, including spinning off its frequent-flyer program, to boost its flagging share price.
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An Alabama-based hedge fund, which controls less than 5 percent of Times Company stock, said it would try to elect directors to the companyâs board.
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The United States Chamber of Commerce said on Thursday that it had asked a federal court to overturn a rule requiring mutual fund boards to have independent chairmen and majorities of independent directors.
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Positioning itself to buy or sell other regional exchanges, the Boston Stock Exchange yesterday said it plans to switch from a member-owned structure to a shareholder-owned company.
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Chicago Mercantile Exchange Holdings Inc.  on Friday urged shareholders and members of the Chicago Board of Trade to vote in favor of CME's offer to take over CBOT, the No. 2 U.S. futures exchange.
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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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General Electric Co.  on Tuesday  urged shareholders to approve a plan for directors in  uncontested elections to be approved by a majority vote, but  opposed a proposal requiring separation of the chairman and  chief executive roles.
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Oracle has opened a new front in its 17-month battle to take over PeopleSoft, announcing a slate of nominees to challenge the rival software companyâs existing board of directors at its annual meeting next year.
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By GARY PERILLOUX  Boeing is lobbying Louisiana officials this week in a bid to win a multibillion-dollar rocket assembly project at NASA's Michoud facility in east New Orleans.
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Cambridge Heart Inc. , a small, publicly traded company based in Bedford, has suffered a setback in its bid to persuade Medicare to mandate its tests for a registry of implantable defibrillator patients.