The U.S. services sector grew at a faster-than-expected rate in October boosted by strength in new orders. The Institute for Supply Management's index gauging the health of non-manufacturing industries registered 55.8, up from 54.8 in September. Citigroup Inc. (C) has forced out Chuck Prince as chairman and chief executive amid word the financial-services giant will write down as much as another $11 billion in bad mortgage assets. Robert Rubin, the former U.S. Treasury secretary and co-head of Goldman Sachs, will become chairman. Time Warner?s (TWX) Chief Executive Richard Parsons will step down and be replaced by Chief Operating Officer Jeffrey Bewkes. Bewkes, identified as the heir apparent since 2005, will take over the CEO job on January 1st. Parsons will remain as chairman. IAC/InterActiveCorp (IACI), the Internet conglomerate run by media mogul Barry Diller, said it will break itself into five publicly-traded businesses. The company said its HSN home shopping network,...
According to a survey from the International Council of Shopping Centers and UBS Securities, chain-store sales for the week ended Dec. 1st rose 3.1% from the year-ago period. On a week-over-week...
Congressional aides say the Bush administration has hammered out an agreement with industry to freeze interest rates for certain subprime mortgages for five years in an effort to combat a soaring...
Bono, influential activist and rock god, gives his views on fighting poverty and what we need to do in 2008 to change the world. Added: January 24, 2008...
Bono, influential activist and rock god, gives his views on fighting poverty and what we need to do in 2008 to change the world. Added: January 24, 2008...
Bono, influential activist and rock god, gives his views on fighting poverty and what we need to do in 2008 to change the world. Added: January 24, 2008...
Update time = Thu Aug 14 14:27:11 UTC 2008 MAG UTC DATE-TIME y/m/d h:m:s LAT deg LON deg DEPTH km Region MAP 5.6 2008/08/14 11:10:30 44.100 147.481 10.0 KURIL ISLANDS MAP 5.6...
Witnesses helped investigators compile a description of the suspect sought in the shooting deaths of five women at a suburban clothing store, according to officials who refused Monday to confirm...