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A collection of news and information related to Corporate Officers published by Tribune Company sources.
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AIG fiddles while Wall Street burns
CONSUMER CONFIDENTIALWhen the going gets tough, the tough get pedicures. Just days after the federal government committed $85 billion of taxpayers' money to a bailout of insurance giant AIG last month, senior execs from the troubled company headed to Southern California's...Tags: Henry Waxman, Financially Distressed Companies, Values, Consumers, Wine, Beer, and Spirits
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As L.A. County faces fiscal tightening, more people are seeking aid
Los Angeles Times Staff WritersJust as Los Angeles County government enters a season of belt tightening, more people each month are asking for its help. A newly passed state budget will send at least $128 million less to the county than officials expected -- money that would have gone...Tags: Hospitals and Clinics, Colleges and Universities, Layoffs and Downsizing, Wages and Pensions, Abusive Behavior
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Big sale to eBay
Reminiscent of dot-com buyouts of another era, Timonium-based Bill Me Later agreed yesterday to be sold to auction giant eBay for $945 million - amply rewarding its founders, investors and 300 employees for building the technology start-up into a major...Tags: eBay Incorporated, Interior Policy, T. Rowe Price Group Incorporated, Internet, Consumers
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C-Mart is going out of business
C-Mart, the local retail institution known for piling its shelves with designer brands on the cheap, is going out of business next week, the victim of a sour economy where even the best deals couldn't bring out enough penny-pinching consumers.
Shoppers...Tags: Employees, Prince George's County, Furniture, Ralph Lauren, Gucci Group NV
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Neal Wolkoff to lead new CME challenger ELX
Neal Wolkoff has been named chief executive of ELX Electronic Liquidity Exchange, an electronic futures exchange formed by 12 financial institutions, including Citadel Investment Group and JPMorgan Chase & Co. ELX is a yet-to-be-launched platform...Tags: New York Mercantile Exchange, J.P. Morgan Chase & Co., Electronics, New Products, Management Change
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Foxwoods CEO loses job as layoffs loom at casino
style. Moving on general news and financial services. MASHANTUCKET, Conn. (AP) _ The chief executive officer of Foxwoods Resort Casino has become among the first of about 700 employees to lose their jobs because of cost-cutting. The Mashantucket...Tags: New London (New London, Connecticut), Gaming and Lotteries, Layoffs and Downsizing, Government, Casino and Gambling Industry
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More changes in front office at Ruth's Chris
Sentinel Staff WriterRuth's Hospitality Group, owner of Ruth's Chris Steak House, announced the departure Monday of another high-ranking executive as the Lake Mary-based company continues to shake up its management ranks in a down economy. Geoffrey Stiles, the company's...Tags: Craig Miller, Ruth's Chris Steak House Incorporated, National Government, Restaurant and Catering Industry, Morningstar Incorporated
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Study urges creation of 211 crisis hotline
Special to The Morning CallWomen need better paths to economic self-sufficiency, easy access to help in a crisis and additional opportunities for leadership, according to a report released in Bucks County. A yearlong study by The Bucks County Women's Fund and the Coalition for...Tags: Bucks County, Emergency Planning, Fires
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Foxwoods Ousts CEO
As it lays off 700 employees, the tribe that owns Foxwoods Resort Casino is starting at the top. The tribal council said Monday that it fired Chief Executive Officer Patricia Irvin after less than a year on the job. Hired in late 2007, Irvin had her last...Tags: Employees, Government, Casino and Gambling Industry, Economy, Foxwoods Resort Casino
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General Growth shares tank 42%
Dow Jones Newswires and staff reportGeneral Growth Properties saw it shares drop 42 percent Tuesday morning, a day after Moody's Investors Service cut its credit rating because of uncertainty about its liquidity. Shares were closed at $4.50 on the New York Stock Exchange, down $3.25 from...Tags: Vornado Realty Trust, New York Stock Exchange, Moody's Corporation, Ratings, U.S. Securities and Exchange Commission
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IN BRIEF
eBay will cut about 1,600 jobs, 10 percent of its workforce, in its largest round of dismissals ever, the company said yesterday. Chief executive John Donahoe said the cuts were not a reaction to the weak economy; the auction site had been weighing the...Tags: eBay Incorporated, Ford, Radio Industry, E-Commerce Industry, Vehicles
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Corus Bankshares Chief Financial Officer Tim Taylor resigns
Chicago Tribune reportersChief Financial Officer Tim Taylor has resigned from Corus Bankshares Inc. after 12 years in the position, and his duties at the Chicago bank holding company will be divided between two senior officers, the company said Monday. The bank didn't provide...Tags: Corus Group Plc, National Government, Tim Taylor, Government, Management Change
Oct 8, 2008
|Column| Los Angeles Times
Oct 8, 2008
|Story| Los Angeles Times
Oct 7, 2008
|Story| Baltimore Sun
Oct 7, 2008
|Story| Baltimore Sun
Oct 7, 2008
|Story| Chicago Tribune
Oct 7, 2008
|Story| Associated Press
Oct 7, 2008
|Story| Orlando Sentinel
Oct 7, 2008
|Story| Allentown Morning Call
Oct 7, 2008
|Story| Hartford Courant
Oct 7, 2008
|Story| Chicago Tribune
Oct 7, 2008
|Story| Newsday
Oct 7, 2008
|Story| Chicago Tribune
