Groupon searches for new CEO and expands to ecommerce. After last week's unceremonious termination of Groupon founder Andrew Mason as CEO, Chairman Eric Lefkofsky is now under pressure to turn the fortunes around of the beleaguered company.
Firm Management
Proxy Firms Move to Oust Chairman and Directors at HP
ISS and Glass Lane calling for heads to roll in Autonomy takeover loss. Two proxy advisers have called out to fellow Hewlett Packard shareholders to move for the ouster of several board directors.
Lansdowne CEO to Retire in June
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.
Gundlach Shifting Gears on Investments
Gundlach now buying ten year Treasury Bills. One of the world's best fund managers, Jeffrey Gundlach took a 180 degree turn on government debt. He said he has purchased "more long-term Treasuries in the last month" compared to his purchases in the last four years.
Arsenal Say Kroenke Has No Intention to Sell Majority Stake
The soccer club Arsenal insisted that its American billionaire Stan Kroenke, who owns a two-thirds in the London club, has no plans for selling his majority stake despite criticisms.
Latest News
Esa Ikaheimonen has been appointed as the new chief financial officer of Transocean Ltd., the largest offshore rig contractor in the world.
Twilio has been creating a fund similar to what Facebook created to increase world presence. Internet telephony company Twilio has been following what internet giant Facebook did to create pathways for success.
AIG divests US government of shares over the company. American International Group Inc or AIG has recovered from the 2008 financial crisis after buying out the US government's last financial interest in the formerly beleaguered firm.
Nomura is now in search for new candidates to fill in vacant slots after several executives left the company as a result of cost control.
Apple CEO Tim Cook addressed investor issues for the long term. Last Wednesday, the much awaited shareholder meeting of Apple Inc was held and CEO Tim Cook took center stage.
Westfield Retail to payout earnings to its customers. Australia's second largest property trust by market value, Westfield Retail Trust is in the process of taking out loans to fund its Aus$1.
Air Asia pays out biggest dividend policy. The Asian region's largest discount carrier, Air Asia Bhd has reported a ten-fold increase in share values in almost ten months.
Proxy advisers clamoring for job split for Disney's Iger. Walt Disney Co. shareholders have been advised by proxy advisers ISS and Glass and Lewis & Co to urge the split of CEO and Chairman duties currently held by Robert Iger.
Richter partners with marketing arm to conquer Chinese market. Richter, the Hungarian drug maker has just entered into a joint venture partnership to be able to market its products better in the world's largest market, China.
