AIG Agrees to $725 Million Settlement – Insurance Networking News

Posted on July 19th, 2010 in Fraud, Wall Street Scams | No Comments »

Columbus Dispatch AIG Agrees to $725 Million Settlement Insurance Networking News The Wall Street Journal says Tucker, the former chief executive of UK insurer Prudential PLC, will replace AIA's current chief, Mark Wilson, who will stay … AIG settles in $725m Ohio fraud lawsuit CITY A.M. AIG to Pay $725 Million to Settle Fraud Claims AllGov AIG to Pay $725 Million in Ohio Case New York Times Wall Street Journal

Bob Benmosche

Posted on July 19th, 2010 in Economy | No Comments »

The AIG chief executive is behaving as though his own position were unassailable. That is unwise

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Bob Benmosche

EADS sets course for US purchases

Posted on July 18th, 2010 in Economy | No Comments »

Timing and size of any purchases would depend on which opportunities arose, chief executive tells FT

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EADS sets course for US purchases

Jobs apologises for iPhone 4 fault

Posted on July 16th, 2010 in Economy | No Comments »

Apple’s chief executive gave a grudging apology for the reception problems plaguing the device and said the company would give free cases to all buyers at least until the end of September

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Jobs apologises for iPhone 4 fault

AIG chairman quits over row

Posted on July 14th, 2010 in Economy | Comments Off

AIG’s chairman Harvey Golub stepped down after losing a power struggle with the chief executive of the bailed-out insurer in a move that could cause further turmoil at the troubled company.

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AIG chairman quits over row

Power balance shifts at Sun Valley

Posted on July 9th, 2010 in Economy | Comments Off

The big buzz at the annual Sun Valley conference was the sight of Mark Zuckerberg, chief executive of Facebook, stepping into a car with Eric Schmidt, chief executive of Google, that set off rounds of excited speculation

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Power balance shifts at Sun Valley

Google confident of China licence renewal

Posted on July 8th, 2010 in Economy | Comments Off

Eric Schmidt, Google chief executive, has predicted that the Chinese government will renew his company’s licence, a move that would allow it to continue operating in the world’s biggest internet market

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Google confident of China licence renewal

Crises can be ‘rewarding in hindsight’

Posted on July 4th, 2010 in Economy | Comments Off

Jim Turley, chairman and chief executive of Ernst & Young, remembers the collapse of Arthur Andersen for its role in the Enron accounting scandal as ‘too awful’, but says the 2001-03 accounting crisis was ‘rewarding in hindsight’

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Crises can be ‘rewarding in hindsight’

Activision stays ahead of game market

Posted on July 4th, 2010 in Economy | Comments Off

For Bobby Kotick, chief executive of Activision Blizzard – the company behind ‘Call of Duty’, the world’s most popular video game – challenges vary from network ownership to new platforms

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Activision stays ahead of game market

Star witnesses take stand at Lehman trial

Posted on June 20th, 2010 in Economy | Comments Off

John Varley and Bob Diamond, the two top executives at Barclays, are set to take the stand in Lehman’s lawsuit against the UK bank. Already, Harvey Miller, New York’s best-known bankruptcy attorney, and Bart McDade, former Lehman chief executive, have testified

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Star witnesses take stand at Lehman trial

Sony holds fire on 3D for PlayStation Portable

Posted on June 18th, 2010 in Economy | Comments Off

Although Sir Howard Stringer, Sony chief executive, has said this is the year of 3D across the group’s media properties and product lines, the electronics giant has no…

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Sony holds fire on 3D for PlayStation Portable

MySpace president quits 5 months after reshuffle

Posted on June 17th, 2010 in Economy | Comments Off

Jason Hirschhorn, co-president of News Corp-owned MySpace, is leaving the social networking company just five months after a reorganisation forced out the previous chief executive

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MySpace president quits 5 months after reshuffle

Apple unveils fourth-generation iPhone

Posted on June 7th, 2010 in Economy | Comments Off

Steve Jobs, Apple chief executive, unveiled the fourth-generation iPhone at a conference for programmers on Monday, touting the long-expected gadget’s ability to handle multiple tasks at once

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Apple unveils fourth-generation iPhone

Tucker is touted by investors for Prudential return

Posted on June 6th, 2010 in Economy | Comments Off

The group’s former chief executive has emerged as a dark horse candidate to replace either the chairman or chief executive of the UK life assurer following its aborted AIA bid

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Tucker is touted by investors for Prudential return

Walmart targets e-commerce for growth

Posted on June 4th, 2010 in Economy | Comments Off

Mike Duke, chief executive of Walmart, places mobile technology and e-commerce at the centre of the global expansion plans of the world’s largest retailer

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Walmart targets e-commerce for growth

FCIC Testimony: Moody’s CEO Won’t Say He’s Sorry, Buffett Testifies (VIDEO) – Huffington Post (blog)

Posted on June 2nd, 2010 in Wall Street Scams | Comments Off

CBC.ca FCIC Testimony: Moody's CEO Won't Say He's Sorry, Buffett Testifies (VIDEO) Huffington Post (blog) The chairman and chief executive of Moody's Corporation joined the long list of top Wall Street executives who have refused to apologize for their role in … Sorkin: Time for Answers on Credit Ratings New York Times (blog) Buffett Says Moody's Chief Shouldn't Be Singled Out BusinessWeek Warren Buffett at the Financial Crisis Inquiry Commission The Guardian Independent

Pressure grows on BP as it tries fresh plug bid

Posted on June 1st, 2010 in Economy | Comments Off

BP moved to control the oil spill in the Gulf of Mexico by attempting to fit a cap over the valves that were meant to prevent oil and gas from leaking out, the company’s chief executive said

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Pressure grows on BP as it tries fresh plug bid

Apple now world’s biggest tech company

Posted on May 26th, 2010 in Economy | Comments Off

Personal triumph for a chief executive who has consistently defied conventional wisdom and taken huge risks in new industries

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Apple now world’s biggest tech company

Vodafone streamlining points to exit from Egypt

Posted on May 21st, 2010 in Economy | Comments Off

If a deal is concluded for Vodafone’s stake in its Egyptian arm, it would highlight how Vittorio Colao, chief executive, is interested in streamlining the group’s portfolio of assets – a a stark contrast with his predecessors

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Vodafone streamlining points to exit from Egypt

Google looks to make peace with Murdoch

Posted on May 18th, 2010 in Economy | Comments Off

Eric Schmidt, chief executive of Google, said the internet company had had talks with Rupert Murdoch and other newspaper proprietors about helping run subscription services for their online sites

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Google looks to make peace with Murdoch

Man looks to broaden horizons with GLG

Posted on May 17th, 2010 in Economy | Comments Off

Peter Clarke, chief executive of Man Group, says that his company’s acquisition of GLG is “not a shotgun wedding”. But it certainly looks like a marriage of convenience

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Man looks to broaden horizons with GLG

Pru set for launch of delayed $21bn issue

Posted on May 16th, 2010 in Economy | Comments Off

The UK life insurer is preparing to launch its delayed $21bn rights issue on Monday morning, allowing Tidjane Thiam, the group’s chief executive, to make the financial case for the $35.5bn takeover of AIA, the Asian businesses of AIG

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Pru set for launch of delayed $21bn issue

AT&T steps up mobile data service

Posted on May 14th, 2010 in Economy | Comments Off

AT&T, the US telecommunications group, will upgrade its mobile network to provide a higher speed mobile data service by the end of this year, John Stankey, chief executive of AT&T Operations said

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AT&T steps up mobile data service

Blankfein comes to Chicago bank’s aid

Posted on May 13th, 2010 in Economy | Comments Off

The chief executive of Goldman Sachs is playing a personal role in helping to arrange a $125m rescue for a Chicago community bank known for providing loans to lower-income communities

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Blankfein comes to Chicago bank’s aid

BP’s Hayward in ‘battle’ for hearts and minds

Posted on May 13th, 2010 in Economy | Comments Off

On a tour of the US states most threatened by the Gulf of Mexico oil spill, BP’s chief executive admits he is in a ‘battle’ to win over the local citizens

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BP’s Hayward in ‘battle’ for hearts and minds

Morgan Stanley says not aware of probe

Posted on May 12th, 2010 in Economy | Comments Off

Morgan Stanley’s chief executive said the Wall Street bank had “no knowledge whatsoever” of a US government probe into it, as its shares fell following a report that federal prosecutors were looking at mortgage-related deals

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Morgan Stanley says not aware of probe

IBM sets out bold buying strategy

Posted on May 12th, 2010 in Economy | Comments Off

IBM will spend $20bn on acquisitions over the next five years, chief executive Sam Palmisano said

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IBM sets out bold buying strategy

AIG chief says group will stay in profit

Posted on May 12th, 2010 in Economy | Comments Off

Robert Benmosche, AIG chief executive, says the US insurer would continue to earn a profit and pay back all of its obligations, including the $101.6bn it owes taxpayers

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AIG chief says group will stay in profit

Fidelity fuels successor debate

Posted on May 11th, 2010 in Economy | Comments Off

US mutual fund manager reshuffles its management team, splitting the number two role and fuelling talk about who will succeed chief executive ‘Ned’ Johnson

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Fidelity fuels successor debate

Marchionne confident over Chrysler earnings

Posted on May 10th, 2010 in Economy | Comments Off

Sergio Marchionne , chief executive of Chrysler, is confident about the company’s progress and expects it to break even this year with an IPO a prime objective

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Marchionne confident over Chrysler earnings

ICE chief backs financial reform

Posted on May 5th, 2010 in Economy | Comments Off

Jeff Sprecher, chief executive of Intercontinental Exchange, says a global overhaul would spur trading in over-the-counter derivatives by bringing certainty to the markets

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ICE chief backs financial reform

Pru chief in final push to sell AIG deal

Posted on May 2nd, 2010 in Economy | Comments Off

Tidjane Thiam begins a new round of talks with investors in a final push to sell the Prudential chief executive’s $35.5bn deal for the Asian units of AIG

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Pru chief in final push to sell AIG deal

Flash video rejection explained by Apple

Posted on April 29th, 2010 in Economy | Comments Off

Steve Jobs, the technology company’s chief executive, publishes an open letter elaborating why the group continues to reject the most widely used format for viewing internet videos

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Flash video rejection explained by Apple

Blankfein feels strain in Capitol Hill morality play

Posted on April 27th, 2010 in Economy | Comments Off

Lloyd Blankfein, chief executive of Goldman Sachs, seemed to strain as he sought to explain the role of his market-making trading firm to senators intent on discussing the morality of betting against Americans’ mortgages

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Blankfein feels strain in Capitol Hill morality play

Fannie Mae owns patent on residential 'cap and – www …

Posted on April 27th, 2010 in Scams | Comments Off

This is a HUGE story, (potentially the biggest scam in history) yet the mainstream media remains silent. When he wasn’t busy helping create a $127 billion mess for taxpayers to clean up, former Fannie Mae Chief Executive Officer …

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Fannie Mae owns patent on residential 'cap and – www …

Defiant Blankfein set for Senate showdown

Posted on April 25th, 2010 in Economy | Comments Off

Lloyd Blankfein, Goldman Sachs chairman and chief executive, is preparing to rigorously defend the investment bank’s actions and refute allegations that it was serving itself before its clients during and after the financial crisis

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Defiant Blankfein set for Senate showdown

Chevron chief shuns shale gas rush

Posted on April 25th, 2010 in Economy | Comments Off

John Watson, chief executive of US oil group Chevron is confident his decision not to follow the pack into US shale gas is the right one

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Chevron chief shuns shale gas rush

Lloyd Blankfein: The prince of casino capitalism – Independent

Posted on April 23rd, 2010 in Wall Street Scams | Comments Off

BBC News Lloyd Blankfein: The prince of casino capitalism Independent The company he runs, Goldman Sachs, has come to epitomise everything wrong with Wall Street and investment banking generally. The Goldman chief executive … Goldman Sachs launches charm offensive to protect reputation The Guardian Goldman CEO Sued by Shareholders Over Abacus ABC News The evolution of Goldman Sachs Globe and Mail National Review Online all 260 news articles

Moody’s admits failure over crisis

Posted on April 23rd, 2010 in Economy | Comments Off

Raymond McDaniel, chief executive of Moody’s, admitted to a Senate panel on Thursday that the US credit rating agency failed to fully anticipate the severity of the deterioration in the US housing market that led to the financial crisis and was ‘not satisfied’ with its performance

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Moody’s admits failure over crisis

Ackermann to testify in German case

Posted on April 22nd, 2010 in Economy | Comments Off

The chief executive of Deutsche Bank is to give evidence at the trial of the former head of IKB, the German bank that lost $150m in the transaction with Goldman Sachs

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Ackermann to testify in German case

Goldman ready for gloves-off offensive

Posted on April 21st, 2010 in Economy, Fraud | Comments Off

Goldman Sachs followed up on last week’s civil fraud charges brought by the Securities and Exchange Commission with the news that Fabrice Tourre, the 31-year-old banker at the centre of the complaint, as well as chief executive Lloyd Blankfein, would testify before a Senate hearing next week

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Goldman ready for gloves-off offensive

Fuld defends Lehman’s use of ‘Repo 105′

Posted on April 19th, 2010 in Economy | Comments Off

Richard Fuld, the former chief executive of Lehman Brothers, will reject criticism for his role in the collapse of the bank and argue ‘Repo 105′, a controversial accounting technique, was legal

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Fuld defends Lehman’s use of ‘Repo 105′

Blankfein faces grilling on Capitol Hill

Posted on April 16th, 2010 in Economy | Comments Off

The pressure on Goldman Sachs will intensify this month when Lloyd Blankfein, the US bank’s chief executive, faces tough questioning from a high-powered Senate panel as part of a probe of Wall Street groups

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Blankfein faces grilling on Capitol Hill

Citi’s ex-grandees strain to keep cool

Posted on April 8th, 2010 in Economy | Comments Off

For nearly three hours Mr Rubin, a former US Treasury secretary and director of Citigroup, and Chuck Prince, the former chief executive of the US financial giant, did manage to work their way through questions from the Financial Crisis Inquiry Commission

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Citi’s ex-grandees strain to keep cool

Opel nears agreement with works council

Posted on April 7th, 2010 in Economy | Comments Off

Opel’s chief executive is poised to resume the protracted negotiations with trade unions over €265m in yearly wage concessions and other cost cuts next week

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Opel nears agreement with works council

Kraft chief secures 41% pay rise

Posted on March 30th, 2010 in Economy | Comments Off

Irene Rosenfeld, Kraft Foods chief executive, was given a 41 per cent pay rise last year to $26.3m for services that included ‘exceptional”‘leadership in the takeover of Cadbury

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Kraft chief secures 41% pay rise

Generals Mills chief upbeat on US consumers

Posted on March 24th, 2010 in Economy | Comments Off

General Mills chief executive Ken Powell said that while US consumers remain “cautious and looking for value”, there were signs that the shift seen over the past year to retailers’ lower-cost private brands was moderating

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Generals Mills chief upbeat on US consumers

Credit cooperatives in the mortgage fraud harm to the Fannie Mae …

Posted on March 22nd, 2010 in Scams | Comments Off

have begun lobbying Congress in an attempt to recover their money. Alfred Scipio, CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the.

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Credit cooperatives in the mortgage fraud harm to the Fannie Mae …

US woes temper Obermann’s accomplishments

Posted on March 18th, 2010 in Economy | Comments Off

René Obermann, chief executive of Deutsche Telekom, believes a 3G network will enable the group’s US mobile business to stand out from its rivals and give it the chance to sign up new customers

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US woes temper Obermann’s accomplishments

Diamond luck should see off regulators

Posted on March 16th, 2010 in Economy | Comments Off

The acquisition of Lehman’s US operations, which had a strong equities franchise, has finally given BarCap’s chief executive a platform to build a global equities business

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Diamond luck should see off regulators