Lansdowne CEO Paul Ruddock to retire in June. One of the world's best known hedge fund managers, Lansdowne Partners has announced that its current CEO, Paul Ruddock will be retiring come June in order to focus on his charity work and arts interests.
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Mary Schapiro to GE Board
GE nominates Schapiro to its Board. General Electric Co has nominated former chairman of the US Securities and Exchange Commission to its Board of Directors.
Report Names former Henkel CEO as ThyssenKrupp Chair
Henkel is the front runner for the vacant ThyssenKrupp Chairman position. Ulrich Lehner, former Henkel CEO is tabbed to be the next chairman at ThyssenKrupp.
Dinan bets JC Penney would still continue ailing performance
Dinan's assessment makes future of JC Penney less than positive. James Dinan, the head of York Capital Management, is betting that JC Penney Corp would continue its poor performance of the company.
Facebook Hires Old Hand to Board
Facebook appoints Chancellor of UCSF Susan Desmond-Hellmann to its board. Facebook Inc has appointed an old hand to become part of its board of directors.
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Trafigura has shown interest in purchasing zinc from global leading zinc provider Nyrstar Commodities trader Trafigura revealed it has interest in bidding to purchase zinc from world's leading producer Nyrstar that could worth about $700 million per year.
Trafigura interested in purchasing zinc rights from Nyrstar. Trafigura, a well known commodities trader has announced its interest in purchasing the exclusive rights to purchase the zinc from Nyrstar, the world's number one producer.
The buyout firm has recruited two specialists in addition to its Japan team ahead of closing its new pan-Asia fund worth $6 billion
Wynn faces another suit for the cash donation to University. The Board of Directors of Wynn Resorts Ltd and its owner, billionaire hotelier Steve Wynn is now facing another shareholder lawsuit alleging that US$135 million donation to the University of Macau had wasted company assets and was in breach of its fiduciary duties.
Blackstone, Apollo and KKR lead payouts to chief executives after banner 2012 year. Co-founder and CEO of the Blackstone Group Steven Shwarzman, according to filed papers by the equity firm, received pay and cash dividends amounting to US$213.
Esa Ikaheimonen has been appointed as the new chief financial officer of Transocean Ltd., the largest offshore rig contractor in the world.
Blackstone Group says its co-founder and chief executive officer Stephen Schwarzman obtained 2013.3 million in pay and cash dividends in 2013.
Groupon CEO Andrew Mason termination causes rebound in stock prices for the company. In last Friday's trading, Groupon shares climbed 12. 6% or US$0.
Macy's sues JC Penney and Martha Stewart for deal. JC Penney CEO Ron Johnson knew that if he signed the deal with Martha Stewart, he would be putting the company in jeopardy by creating a conflict with Macy's, its corporate rival.
