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.

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Editor's Blog

John O'Halomn

Have your say on the FTA issue

With Britain's Gordon Brown in the country to talk up international trade, it seems a good to time to ask how FTAs are affecting your business.

Interviews

Cleaning up the Rustbelt: Jack Schron on Jergens Inc, politics and why America needs a reality check

Cleaning up the Rustbelt: Jack Schron on Jergens Inc, politics and why America needs a reality check

Regeneration of Ohio’s industrial heartland has been just one of Jack H Schron’s passions: now he is hoping to step onto a broader political stage

Venture in the Valley: Allen Morgan on technology start-ups

Venture in the Valley: Allen Morgan on technology start-ups

Exec meets Allen Morgan of the $2.4 billion Mayfield Fund to talk about the fraught world of technology start-ups and his ten commandments.

Guy Kawasaki on making meaning make money

Guy Kawasaki on making meaning make money

Guy Kawasaki tells Exec why he believes in the power of enterprise to make the world better – discover why he took a step back from his venture capital firm to test new ways of democratizing information.

Monthly Features

Why do business in…Beijing?

Why do business in…Beijing?

In the past 20 years, Beijing has gone from an ancient city to a supercharged consumer market. Exec takes a look at the political, cultural and financial centre of the People’s Republic of China.

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