Whirlpool 1Q net income climbs; global sales rise
Whirlpool Corp.'s first-quarter net income rose 3 percent as it sold more appliances even after it raised prices to help combat rising material costs and benefited from cost-cutting. The Benton Harbor,...
View ArticleHome Depot Net Up 12%; Comparable Sales Slip
TEL AVIV -- Home Depot Inc., the Atlanta home-improvement chain, reported fiscal first-quarter net income rose 12% as net sales were about level with a year earlier and comparable-store sales eased...
View ArticleBids Soar for Princess’s ‘Toilet Seat’ Wedding Hat
The much-mocked hat worn by Princess Beatrice to Britain's royal wedding last month -- widely described as looking like a "toilet seat" -- is up for sale on eBay where bids have reached 18,400 pounds...
View ArticleIBM Board Elects CEO Virginia Rometty Chairman
SAN FRANCISCO The IBM board of directors on Tuesday elected Virginia Rometty as chairman, effective Oct. 1, the company said. Rometty, 55, is currently IBM's president and chief executive officer. She...
View ArticleASOS names former Amazon man as chairman
LONDON British online fashion retailer ASOS said a former managing director of Amazon in the UK will be its new chairman as its seeks more growth overseas. The retailer, which targets young women...
View ArticleAnalysis: Citi board fight signals rise of the activist chairman
NEW YORK In the summer of 2011, Yahoo Inc's board decided enough was enough. Directors had seen the Internet giant's stock languish, and the answers they got from Carol Bartz, chief executive at the...
View ArticleFinmeccanica head open to splitting CEO, chairman roles: report
MILAN Finmeccanica SpA chief Giuseppe Orsi reiterated that he would not step down from Europe's third-biggest defense group but said in a newspaper interview that he favored separating the roles of...
View ArticleITW Chairman, CEO David Speer dies after illness
NEW YORK ITW Chairman and chief executive officer David B. Speer has passed away after an illness, the company announced on Sunday. He was 61. The Glenview-based industrial equipment maker said E....
View ArticleObama To Designate SEC’s Walter As Chairman
President Barack Obama plans to nominate Securities and Exchange Commissioner Elisse Walter as chairman of the agency, according to a White House statement Monday. The news comes after the commission's...
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