Wachovia splits two top jobs; separates CEO and President roles
Wachovia Corp said on Thursday chief executive Ken Thompson had given up the chairman's title to focus on day-to-day operations at the fourth-largest U.S. bank.
Allen Morgan’s move into the venture capital industry
A former partner with two major Silicon Valley law firms, Allen Morgan, Managing Director of Mayfield Fund, tells Exec why the move into venture capital was fairly seamless.
Clearwire and Sprint Nextel form new WiMAX network
Clearwire Corp. and Sprint Nextel Corp. today announced they have entered into an agreement to combine their next-generation wireless broadband businesses to create a new wireless communications company.
UBS Set to cut 5,500 Jobs after Q1 Loss
Battered by $17.3 billion first-quarter losses at its investment-banking unit, UBS, the largest Swiss bank, plans to cut about 5,500 jobs.
Jobs cut for fourth straight month
The U.S. Labor Department reported Friday that employers cut jobs for the fourth consecutive month. However, the loss of 20,000 jobs was far less than anticipated by economists, who predicted losses could exceed 80,000 for the third month in a row.
Exxon Mobil’s profits disappoints investors
Exxon Mobil Corporation on Thursday reported a $10.89 billon first-quarter profit but left investors cold due to weak production and low refining margins.