Kerkorian aide quits GM board, stock drops
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Billionaire investor Kirk Kerkorian on Friday shelved plans to raise his stake in General Motors Corp.  and said his aide had stepped down from the automaker's board two days after GM nixed a three-way alliance with Renault-Nissan.
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Billionaire investor Kirk Kerkorian   urged General Motors Corp. on Friday to consider a three-way   partnership with Nissan Motor Corp. and Renault SA, sending   shares of GM higher on prospects for a speedier turnaround.
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The head of global stocks at the Citadel Investment Group, a $12 billion Chicago-based hedge fund, has left the firm, according a source.
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ArvinMeritor Inc. (NYSE: ARM), a Troy, Mich.-based auto parts manufacturer, announced Thursday that it plans to divest its interest in two businesses.
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General Motors (GM) will close a Baltimore assembly plant that employs about 1,100 people and discontinue the two brands of vans they made, a spokesman for the world&#39;s biggest automaker said Tuesday.
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Terry Semel has quit as  chairman of the board of Yahoo, the company said late Thursday.
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Minnesota Twins general manager Terry Ryan has decided to resign, a person familiar with the decision told The Associated Press on Thursday.
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DETROIT -- Dissident General Motors Corp. shareholder Kirk Kerkorian said Friday that he no longer plans to acquire additional stock in the world's biggest automaker, citing GM's decision not to pursue an alliance with Renault and Nissan.
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Mac Gardner, a senior brokerage executive at Merrill Lynch & Co Inc , is leaving the company, Merrill said on Friday.
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Dow Jones & Co. Inc.  director Dieter von Holtzbrinck is resigning from the board, saying he could not support the company's endorsement of a $5 billion takeover offer by Rupert Murdoch's News Corp .
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Billionaire investor Kirk Kerkorian  sold his stake in General Motors Corp.  after deciding  that he did not want to participate in a lengthy fight with  management for control of the world's biggest car maker,  according to a report in the Wall Street Journal.
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Yahoo Inc  nonexecutive  Chairman Terry Semel is leaving the board, the Internet company  said on Thursday, announcing the end of its formal ties with  the ex-CEO credited with reviving the company and then losing  touch.
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George A. (Jay) Keyworth II, who has served on the HP (NYSE:HPQ)(Nasdaq:HPQ) board of directors since 1986, has resigned from the board, effective immediately.
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David D. French resigned over his involvement in the companyâs past stock option grant practices.
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Monster Worldwide , owner of the world's largest job-listing website, said chief financial officer Lanny Baker resigned and will be replaced by Timothy Yates as part of a management shuffle.
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BlackBerry maker Research In Motion Ltd.'s co-chief executive will give up the chairman's post after an internal probe identified a quarter-billion dollars in improper accounting for employee stock options at the mobile device company.
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Last week started badly enough for Mitsubishi Motors North America, with key dealer-council members threatening to revolt over the decision to put the besieged car maker's &#36;200 million creative account into review. Then it got worse. The review's leader, CEO Finbarr O'Neill, quit to join Reynolds and Reynolds, an auto consultancy. Manufacturing chief and COO Rich Gilligan was immediately installed as his replacement.