It's official: Jeff Bewkes will become chief executive of Time Warner on Jan. 1, succeeding Dick Parsons. But it could be a short honeymoon with Wall Street. The soon-to-be CEO is already on the clock with impatient investors who are looking for a...
After 12 years of failing to win over investors, media magnate Barry Diller is busting up his Internet empire into five separate publicly-traded companies. Shares of IAC/InterActiveCorp - whose eclectic set of assets includes Ask.com, Ticketmaster...
WHO says the U.S. doesn't export anything nowadays? The government of Argentina, beset by criticism over rampant inflation, said it is considering using the American way of calculating rising prices. The idea, of course, is to make inflation...
As Citigroup attempts to come clean over its problems due to failed mortgage-backed securities, the financial titan's woes have had the unintended effect of putting the spotlight back on the risk management strategy of Goldman Sachs, its biggest...
Citigroup's board saw the writing on the wall months ago, but did little to stop the world's largest bank from crashing and taking the rest of Wall Street with it. A handful of Citigroup's highly paid directors did take a few timid baby steps last...
EVERY large office building tells a story. At the LeFrak Organization's 40 W. 57th St., it's a tale of office rents that have doubled in just five years - and of soaring fortunes everywhere on the long, long block between Fifth and Sixth avenues...
Two fired Dow Chemical Co. executives shopped the company to investors, according to industry consultants' affidavits filed by the chemical maker to support its claims that the men breached their corporate duties. J. Pedro Reinhard and Romeo...
There will be no more renovations at House & Garden after Condé Nast Chairman S.I. Newhouse Jr. pulled the plug on the magazine after 11 years of losses. The failed monthly is believed to have burned through close to $100 million since its...
Sallie date Sallie Mae must wait until at least July 14 for a trial over whether it should get a $900 million breakup fee from a group led by buyout firm J.C. Flowers & Co. after a failed buyout attempt. The prospective buyers asked to put off the...
Google's "g-phone" is coming - but it is not what consumers were expecting. Rather than unveiling a singular, flashy device a la the iPhone from Apple, the Internet search giant yesterday announced it is developing a new open technology platform...
