Steven Roth resigned from JC Penney's board after his firm Vornado Realty Trust announced selling its 6.1% stake in the retailer, said a Bloomberg report.
People
Lufthansa CEO set to be next Roche Chairman
Christoph Franz, the CEO and Chairman of Roche Pharmaceuticals, is discussing an exit plan with Deutsche Lufthansa as he is set to become the new Chairman of Roche.
Music industry experts predict “Wrecking Ball” to hit no.1 on Billboard Hot 100
Miley Cyrus latest hit "Wrecking Ball" was predicted to hit the no.1 spot in Billboard Hot 100 next week, according to the Huffingtonpost.com.
Obama appoints Zients as top economic adviser
US President Barack Obama appointed Jeffrey Zients as his top economic adviser replacing current adviser Gene Sperling.
Nikkei: Obama to nominate Treasury Secretary Fed chief
Nikkei, a Japanese newspaper, reported last Friday that US President Barack Obama was close to picking ex-Treasury Secretary Lawrence Summers as the new head of the Federal Reserve Board.
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Golden Boy Promotions CEO Richard Schaefer said the fight between Mayweather and Alvarez today would be breaking pay-per-view (PPV) records at over 2 million buys.
Many celebrities posted on Twitter to commemorate Tupac Shakur's 17th death anniversary, said Hollywood Life report.
Boxing enthusiasts gave their predictions for the much-anticipated fight between Floyd Mayweather and Saul Alvarez.
The search for the new head of Microsoft would be a closely-watched development in the technology industry.
Brazil President Dilma Rousseff on Monday was demanding an explanation to reports of hacking by US National Security Agency (NSA) into Brazilian companies's computer networks, and also into her email messages and phone calls.
According to the Bloomberg Billionaire's Index, Ortega recently passed Buffett as the world's richest individual.
Former PNC Financial Services Group Chairman and CEO Jim Rohr had left the company to join General Electric Co. and was succeeded by Bill Demchak.
A lawyer for a JP Morgan Chase & Co. ex-employee argued with US prosecutors that his client was just following orders from his superiors in indicating prices for the "London Whale" deal.
Russian tycoon Suleiman Kerimov had been planning to sell 21.75% stake in Uralkali, held through his foundation, said reports.
