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News Corp to take charge of up to $1.4 billion this quarter
Reuters(Reuters) - News Corp said on Friday it will write down the value of its Australian and U.S. publishing assets by up to $1.4 billion, as the company prepares to split its business between its newspaper and entertainment operations. The company said the...Tags: Media Industry, Buyback, Christian Dior, Entertainment, DirecTV Group Inc.
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Wall Street posts first weekly loss since mid-April on Fed angst
ReutersNEW YORK (Reuters) - The S&P 500 declined for a third day on Friday, with the three major stock indexes posting their first negative week since mid-April on lingering concern that the central bank may scale back its stimulus measures to support the...Tags: EOG Resources Incorporated, National Oilwell Varco Inc., Ralph Lauren, Biogen Idec Incorporated, Roche Holding AG
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Justice Department opposes AMR's $20 million severance for CEO Horton
Reuters(Reuters) - A plan by American Airlines' parent to exit bankruptcy and merge with US Airways Group is coming under fire from the U.S. Department of Justice over nearly $20 million in severance pay earmarked for outgoing boss Tom Horton. In court papers...Tags: Mergers, Acquisitions and Takeovers, U.S. Airways, U.S. Department of Justice, AMR Corp., Restructuring and Recapitalization
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Exclusive: 'Workplace wellness' fails bottom line, waistlines - RAND
ReutersNEW YORK (Reuters) - A long-awaited report on workplace wellness programs, which has still not been publicly released, delivers a blow to the increasingly popular efforts, Reuters has learned, casting doubt on a pillar of the Affordable Care Act and a...Tags: Stroke, University of Arizona, Companies and Corporations, Quitting Smoking, Economy, Business and Finance
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Daniel Baker, Alex. Brown partner
Daniel Baker, a former general partner at Alex. Brown & Sons who headed the firm's institutional sales department and in retirement managed a family farm, died May 19 from cancer at his Ruxton home. He was 82. "Dan was one of the true gentlemen in the...
Tags: Microsoft Corporation, Companies and Corporations, Limes, Economy, Business and Finance, Starbucks Corp.
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P&G downplays significance of CEO swap
ReutersProcter & Gamble Co., which is in the midst of a major restructuring, has replaced Bob McDonald as chairman and CEO with his predecessor A.G. Lafley. The world's largest consumer products maker said, however, that the move was not an indication of any...Tags: Procter & Gamble
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Stimulus fears haunt share markets, dollar recovers
ReutersNEW YORK (Reuters) - Global equity markets slipped on Friday over worries the U.S. Federal Reserve may curb a stimulus program that has lifted stocks, while the dollar recovered against the euro after better-than-expected U.S. durable goods data for...Tags: Netflix Inc., Entertainment, Milan (Italy), Loan Market, Sumitomo Corporation
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U.S. Justice Dept opposes AMR's $20 mln severance for CEO Horton
Reuters* Says severance payment violates bankruptcy law * Horton's proposed severance has been controversial By Nick Brown May 24 (Reuters) - A plan by American Airlines' parent to exit bankruptcy and merge with US Airways Group is coming under fire from...Tags: Mergers, Acquisitions and Takeovers, U.S. Airways, U.S. Department of Justice, AMR Corp., Restructuring and Recapitalization
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Commentary: Hoag is committed to women's health
The recently completed affiliation between Hoag Hospital and St. Joseph Health (SJH) was the result of a thoughtful process by both organizations and their boards of directors. Our combined purpose was to create a collaborative network of care —...Tags: General Practitioners, Planned Parenthood, Hospitals and Clinics, Social Issues, Family
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COMMENT: What is it about Morgan Stanley and fixed-income?
ReutersBy IFR Editor-at-large Keith Mullin May 24 (IFR) - In a week that witnessed the remarkable spectacle of Anshu Jain, Deutsche Bank's co-CEO, delivering his speech to the annual shareholders' meeting in German - a painfully strangled version of the...Tags: Finance, Deutsche Bank AG, Business, Morgan Stanley Dean Witter & Company, Goldman Sachs Group, Inc.
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P&G CEO switch will not lead to big strategy change: CFO
Reuters(Reuters) - Procter & Gamble Co said on Friday the surprise return of A.G. Lafley as chairman and chief executive was not an indication of any bigger problems at the world's largest consumer products maker. Lafley replaces Bob McDonald, effective...Tags: Procter & Gamble
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Procter & Gamble says CEO swap doesn't signal 'bigger problem'
Procter & Gamble Co. wants to make something clear to investors: The replacement of Chief Executive Bob McDonald with his predecessor A.G. Lafley is not a death knell for the company. Far from it, said Chief Financial Officer Jon R. Moeller in a short...
Tags: Walmart, Career and Workplace, Ron Johnson, Labor Legislation, Marketing
May 24, 2013
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|Story| Los Angeles Times
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