Societe Generale becomes second French bank to repay emergency government funding earlyOctober 6th, 2009 SocGen to raise euro4.8 billion to pay state loansPARIS — Societe Generale SA on Tuesday became the second French bank to say it is launching a rights issue to repay emergency funding from the French government early. SocGen, France's second largest bank, said in a statement it wants to raise euro4.8 billion ($7.02 billion), of which it intends to pay back euro3.4 billion to the government.
Head of LA Department of Water and Power resigns amid concern over water main breaksOctober 2nd, 2009 LA Department of Water and Power chief resignsLOS ANGELES — The head of the Los Angeles Department of Water and Power has stepped down amid increasing concern over recent water main breaks. Mayor Antonio Villaraigosa announced Friday that DWP Chief Executive David Nahai has resigned to become senior adviser to the Clinton Climate Initiative.
Silicon Image CEO resigns and search is under way for replacement; CFO named as COOSeptember 30th, 2009 Silicon Image CEO resigns; CFO is appointed as COOSUNNYVALE, Calif. — Silicon Image Inc.
New EU economic watchdog to rely on moral pressure, not regulatory power to get nations to actSeptember 23rd, 2009 EU financial watchdog to rely on moral authorityBRUSSELS — The European Union's new economic watchdog plans to use "moral pressure" instead of regulatory authority to crack down on countries posing major risks to Europe's economy, the European Commission said Wednesday. The EU's executive body laid out a new financial oversight structure Wednesday that it wants EU governments to back to prevent a repeat of last year's banking crisis.
Int'l Flavors & Fragrances chairman and CEO Amen resigns, creates temporary office of the CEOSeptember 14th, 2009 Int'l Flavors & Fragrances CEO Amen resignsNEW YORK — International Flavors & Fragrances Inc. said Monday that Chairman and CEO Robert Amen plans to step down at the end of the month.
Hudson Highland Group European unit CEO Christine Raynaud resignsAugust 26th, 2009 Hudson Highland Group European unit CEO resignsNEW YORK — Hudson Highland Group Inc., a professional staffing company, said Wednesday its Europe unit president and CEO Christine Raynaud is resigning. Hudson Chairman and CEO Jon Chait will assume leadership responsibility for the company's European operations on an interim basis.
First Commonwealth CFO Lipkus resigns; search under way for successorAugust 19th, 2009 First Commonwealth says CFO Edward Lipkus resignsINDIANA, Pa. — First Commonwealth Financial Corp.
Analyst starts coverage of FedEx and UPS, says FedEx shares have more room to growAugust 18th, 2009 Sector Snap: Analyst starts coverage of FedEx, UPSNEW YORK — An RBC Capital Markets analyst initiated coverage on the world's two largest package delivery carriers on Tuesday, saying that FedEx Corp. shares might grow more as the economy begins to recover.
Casella Waste Systems Chief Financial Officer John Quinn resigns to take new jobAugust 17th, 2009 Casella Waste Systems finance chief resignsNEW YORK — Casella Waste Systems, a solid waste, recycling and resource management services company, said Monday that John Quinn is resigning from his role as senior vice president, chief financial officer and treasurer. The resignation is effective Sept.
Credit Suisse says new AIG chief Benmosche stepping down from bank's board after 7 yearsAugust 10th, 2009 New AIG chief leaves Credit Suisse boardZURICH —Robert Benmosche, who starts this week as the new president and CEO of American International Group Inc., has stepped down from Credit Suisse Group's board with immediate effect, the Swiss bank said Monday. The former chairman and chief executive of insurance company MetLife Inc.
Finnair CEO Jukka Hienonen resigns, dissatisfied with pace of change, uncooperative unionsAugust 7th, 2009 Finnair chief executive Hienone resignsHELSINKI — Finnair PLC president and CEO Jukka Hienonen says he is resigning because he is not satisfied with the pace of change in the airline during the current challenging times,
Hienone also blamed what he described as uncooperative unions. Hienonen, who has headed the Finnish national carrier since 2005, says "a clear change of course is required" and that "some personnel organizations have shown no willingness to adapt."
Finnair said Friday that Hienonen will continue as president and CEO until a replacement is found during his six-month period of notice.
Top exec at French bank SocGen resigns after financial market watchdog starts investigationAugust 6th, 2009 Top executive at French bank SocGen resignsPARIS — Societe Generale SA says that a top executive whose career was damaged by the French bank's multibillion dollar trading scandal last year has resigned. Jean-Pierre Mustier is the former head of corporate and investment banking and one-time boss of disgraced trader Jerome Kerviel.
Inspector general: Treasury has not adopted accountability measures for bailout programJuly 20th, 2009 Watchdog: Treasury bailout disclosure falls shortWASHINGTON — The government's main watchdog over the federal financial bailout says the Treasury Department has repeatedly failed to adopt recommendations aimed at making the $700 billion program more accountable and transparent. Neil Barofsky (buh-RAHF'-skee), the inspector general for the Troubled Asset Relief Program, says in a report to Congress that Treasury's inaction means taxpayers have not been told what the financial institutions that have received assistance are doing with the money.
Exar CFO J. Scott Kamsler resigns, Finance VP & Controller Kevin S. Bauer named as replacementJune 23rd, 2009 Exar CFO resigns, Kevin S. Bauer named replacementFREMONT, Calif.
O. Temple Sloan Jr. resigns from Bank of America board after 13 yearsMay 29th, 2009 Temple Sloan resigns from Bank of America boardNEW YORK — Bank of America Corp. says its lead outside director, O.
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