Voklswagen named Ulrick Hackenberg as Audi's new head. (Photo : REUTERS) Volkswagen AG recently announced Ulrich Hackenberg as the new head of its Audi brand, replacing Wolfgang Duerheimer.
Firm Management
German Bund Falters in Light of Fed Reserve Pronouncements
Rampant speculation on Fed Reserve actions have caused German, Italian and Spanish bonds to decline.
Bank Regulators Studying Increasing Simple Leverage Ratio
Bank regulators are now considering increasing the simple leverage ratio to 6%. (Photo : REUTERS)The JP Morgan Chase & Co. headquarters is pictured in New York In a surprising move, US regulators are now studying a proposal to double the minimum capital requirements for its largest banks.
Fed Reserve Remarks Causes Fall in Worldwide Financial Markets
Fed Reserve Chairman Ben Bernanke's remarks have caused major tumbles in world financial markets.
Shuanghui-Smithfield Deal Concerns More US Senators
More US Senators are getting concerned with the Shuanghui-Smithfield deal and urged thorough review regarding planned acquisition.
Latest News
PepsiCo India left the company today to pursue other endeavors. (Photo : Reuters)This is an image of a Pepsi product. PepsiCo Inc. 's Indian operations president Manu Anand quit his position today after serving the globally iconic snack food producer for 19 years.
Rabobank CEO Piet Moerland is set to step down by 2014. (Photo : )The image is the corporate logo of Rabobank. Dutch cooperative lender Rabobank, which is in the midst of the LIBOR interest rate scandal, has announced that its CEO Piet Moerland would be leaving the financial institution by next year.
Joyce Storm joins Wheelock Street Capital as principal. (Photo : Reuters)This is an example of real estate. Wheelock Street Capital recently announced Joyce Storm as its new principal.
Citigroup named Zdenek Turek as new head of its Western Europe operations. (Photo : REUTERS)Citigroup Inc, which has lagged behind its peers in recovering from the financial crisis, said it is cutting 11,000 jobs worldwide, about 4 percent of its staff, to save as much as $1.
PricewaterhouseCooper, the administrators over the Lehman Brothers Europe post 2008, has announced the payout of a partial sum for unsecured creditors.
Tech Valley Communications announced the hiring of Robert Cochran as its new senior director of sales engineering.
Carlyle Group and Seven Group Holdings cancelled its sale of Coates Hire. (Photo : Reuters )A consortium led by Carlyle Group and company management agreed to take Chinese economy hotel chain 7 Days Group Holdings Ltd private.
SandRidge Energy Inc. CEO Tom Ward was ousted from the company last Wednesday due to accusations of strategic mistakes and self-dealing at the expense of the company's shareholders.
Sheryl Sandberg, Chief Operating Officer for Facebook Inc. said that the company is in a better position after going public.
