Business & Finance news ...

Wal-Mart promotes woman to run Sam's Club
Fri, 20 Jan 2012 11:44:20 -0500
(Reuters) - Wal-Mart Stores Inc on Friday named Rosalind Brewer president and chief executive of its Sam's Club warehouse retail chain, marking the first time that the world's largest retailer will have a woman and an African-American leading one of its three business units.

RIM close to stripping CEOs of chairmanship: report
Tue, 03 Jan 2012 16:57:30 -0500
TORONTO (Reuters) - Research In Motion is close to a decision on stripping its co-chief executives of their other shared role as chairman of the board, a newspaper said on Tuesday, a change that could meet a key demand from angry and disillusioned investors.

Avon needs bold change as Jung's CEO tenure ends
Wed, 14 Dec 2011 19:45:20 -0500
(Reuters) - Avon Products Inc's new chief executive will need to figure out how to improve operations from Russia to Brazil, look at whether direct selling works in the United States and be someone who can charm the millions of representatives who sell its cosmetics to consumers.

Avon needs bold change as Jung's CEO tenure ends
Wed, 14 Dec 2011 16:34:24 -0500
(Reuters) - Avon Products Inc's decision to look outside its walls for a new CEO is viewed as an admission that the cosmetics brand needs a major overhaul rather than the small make-overs it has undertaken in recent years.

Avon to replace CEO Jung
Tue, 13 Dec 2011 18:42:48 -0500
(Reuters) - Avon Products Inc is looking for a new chief executive to replace Andrea Jung, who has lost the confidence of Wall Street after a myriad of problems, including a federal bribery probe and weak sales in key international markets.

Apple, with eye on media, names Disney's Iger to board
Tue, 15 Nov 2011 23:09:11 -0500
(Reuters) - Apple Inc moved to shore up its board after the death of Silicon Valley legend Steve Jobs, appointing Walt Disney Co chief executive Bob Iger to its board to propel its media ambitions.

Disney CEO Iger on Apple board, Levinson chairman
Tue, 15 Nov 2011 17:50:35 -0500
(Reuters) - Apple Inc, shoring up its board after the death of Silicon Valley legend Steve Jobs, has added Walt Disney Co chief executive Bob Iger as a director, a move that should help propel its media ambitions.

Avon's Cramb gave Citi bribery probe info: source
Tue, 01 Nov 2011 19:01:58 -0400
(Reuters) - A regulatory investigation into Avon Products Inc was triggered by the cosmetics company's vice chairman sharing material information about a China bribery investigation with a Citigroup analyst, a person familiar with the matter said on Tuesday.

Avon under fire from Feds and Wall Street
Thu, 27 Oct 2011 15:38:07 -0400
(Reuters) - U.S. regulators are formally investigating whether Avon broke bribery laws overseas, and the cosmetics company said it was again reassessing its strategy after quarterly profit fell far short of expectations.

IBM taps Rometty to succeed Palmisano as CEO
Tue, 25 Oct 2011 19:47:33 -0400
(Reuters) - IBM global sales chief Virginia Rometty will take over as CEO from Sam Palmisano in January, becoming one of the most powerful women in business and technology today.

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