The supervisory board at Siemens AG asked to oust its current CEO after failing to meet the 12% profit margin goal of the company.
People
Arthur Samberg and Mario Gabelli donates US$40 million to the Columbia Business School
Arthur Samberg and Mario Gabelli revealed that they have donated a total of US$40 million to the Columbia Business School for its new business school campus.
MVC Capital's board appoints Scott Schuenke as CFO
MVC Capital revealed that it had appointed Scott J. Schuenke as chief financial officer replacing Peter Seidenberg.
Summer Street Capital appoints Amy Standing as CFO
Summer Street Capital revealed that it had appointed Amy Standing as the firm's chief financial officer as current CFO, Ron Fleissner, retires.
Gross returns to Encore as new vice president
Private equity investment firm Encore Consumer Capital welcomes Daniel Gross back as new vice president.
Latest News
Ilya Segalovich died of stomach cancer, according to business partner Arkady Volozh. The man responsible for setting up Russia's largest search engine website died today after losing a long battle with cancer.
According to an interview with game creator Lorne Lanning, Nintendo would last 100 years unlike Zynga or Microsoft.
Mark Zuckerberg, co-founder and CEO of Facebook said that he plans to earn from Instagram through advertisements.
Acer's president told Austria's Format magazine that the company would recover and make profit again.
President Barack Obama remains undecided on Federal Reserve chairman pick and will most likely extend consideration of the matter until the fall.
The founder and CEO of Facebook said that ads would not make the user experience any less even if the company allot more space for ads.
Fabrice Tourre, former Goldman Sachs junior executive, contested the charges against him when he took the stand on Wednesday.
Russian billionaire Vladimir Evtushenkov said he is considering takeover targets to expand his business abroad.
SAC Capital Advisors' CEO Steven A. Cohen's lawyers will contend he does not have time to look into each of his employees activities to argue his lack of liability over a civil complaint.
