March 4, 2009 |
President Obama has named Julius Genachowski, a friend from Harvard Law School, as his nominee to chair the Federal Communications Commission. Genachowski was an advisor to Obama's campaign and has been a senior executive at Barry Diller's Internet conglomerate, IAC/Interactive Corp. Genachowski worked at the FCC as chief counsel to the chairman and as special counsel from 1994 to 1997. Genachowski's nomination was widely expected after leaks from the Obama succession team in January.
October 5, 2006 |
The median pay package for chief executives at 1,400 companies rose 16% last year to $3 million, about half the increase of the year before, a new study reported. A study by the Corporate Library, a Portland, Maine-based corporate governance research organization, said the slowing growth of executive pay could be explained by a drop in stock option awards. In 2004, the median, or midpoint, CEO pay had risen 30%, the organization said.
September 18, 2004
* A 20-year-old man has been arrested in England for the theft of the proprietary software blueprints used by Cisco Systems Inc.'s networking equipment. The man, who has not been identified, was arrested Sept. 3 in connection with the theft made public in May. * Cooper Tire & Rubber Co. agreed to sell its automotive parts business for $1.17 billion and plans to spend some of the proceeds to build a tire factory in China. Cypress Group and Goldman Sachs Group Inc.
January 19, 2011 |
EHarmony Inc. Chief Executive Gregory Waldorf has resigned from the dating website that he's run for almost five years. Waldorf, 42, will be replaced on an interim basis by Greg Steiner, EHarmony's president and chief operating officer, while the board conducts a search for a permanent CEO, the Santa Monica company said Tuesday. "As EHarmony begins its second decade, the time is right for me to step down," Waldorf said in a statement, without providing a reason for leaving.
August 22, 2008 |
Stocks finished mixed Thursday after investors largely shrugged off a jump in oil prices and a bullish analyst report limited losses on financial stocks. Crude futures shot up $5.62 to $121.18 as commodities in general rallied, boosted in part by a decline in the dollar. The CRB commodity index climbed 3.7%. Oil's advance sent airline stocks tumbling but pushed energy shares up. The Dow Jones industrial average rose 12.78 points, or 0.1%, to 11,430.21. The Standard & Poor's 500 index rose 3.18 points, or 0.2%, to 1,277.
July 9, 2009 |
How much would you pay a month to look at YouTube? Apparently, investor Warren Buffett is willing to shell out five bucks for the pleasure of seeing dogs skateboard, kids making their own videos and the occasional piece of unlicensed material. At least that's what he told Liberty Media Corp. Chairman John Malone at the Allen & Co. conference in Sun Valley, Idaho. Malone shared that tidbit with reporters Wednesday after the morning sessions here.