At least three of the top 20 investors in Microsoft want a turnaround expert to succeed Steve Ballmer as chief executive and have urged the technology giant's board to consider Ford Motor CEO Alan Mulally and Computer Sciences CEO Mike Lawrie for the job, several sources familiar with the matter said.
Twitter has remained silent on whether it plans to go public, but recent company actions suggest that it's getting closer to an IPO.
Whatever next ?
Morgan Stanley says Joseph 'Chip' Skowron, the former hedge fund manager serving a five-year prison term for insider trading, should forfeit more than $31m in compensation for failing to fulfill his duties.
Three years ago, former Goldman Sachs investment banker Frank Yeung issued an ominous warning to investment bankers: if you stay in the industry for too long, you get trapped there.
Bank of America agreed on Friday to pay $39m to women who worked in its Merrill Lynch brokerage operation, another costly settlement of a discrimination case filed by its employees.
The Treasury pushed Stephen Hester out of his job as chief executive of Royal Bank of Scotland to cut the cost of his pay-off from the state-backed lender, according to a new book.
Mark Schwartz, chairman of Goldman Sachs' Asia-Pacific operations, bought a rare free-standing mansion on Manhattan’s Upper West Side for $14m.
Morgan Stanley CEO James Gorman said there’s almost no chance of another financial crisis like the one that endangered his firm five years ago.
Stock market investors, already battered by the worst quarter since the depths of the eurozone crisis, now face a make-or-break England rugby fixture that could wipe billions off share prices.
Experian, one of the largest credit agency data brokers in the world, has been hacked. Some 15 million people who used the company’s services, among them customers of cellular company T-Mobile who had applied for Experian credit checks, may have had their private information exposed, the company confirmed on Thursday.