Bob Diamond, CEO of Barclays (NYSE: BCS), quits. (Reuters) Microsoft (NASDAQ: MSFT) takes a $6.2 billion write-off, primarily due to its buyout of aQuantive. (Reuters) The U.S. probe begins on whether Chesapeake Energy (NYSE:…
In a shocking turn of events, CEO Bob Diamond has resigned as head of Barclays (NYSE: BCS). Marcus Agius, who resigned yesterday as chairman, was reappointed and will take on additional duties. The bank…
With the U.S. presidential election heating up, 24/7 Wall St. decided to examine public companies’ political contributions in the current election cycle. The donations include monies given to political parties, candidates, and political action…
Updated throughout the day on the 24/7 Wall St. Wire Italy has threatened Apple (NASDAQ: AAPL) with fines if it does not offer extended warranties for its products (Reuters) Airbus will spend $600 million…
Apple (NASDAQ: AAPL) settled a trademark suit in China. This should open the way for more iPad sales in the world’s most populous nation. Proview International Holdings made claims about the iPad name, which…
Inaccurate submissions of Libor interest rate data, which first cost Barclays (NYSE: BCS) $453 million in fines to U.S. and UK regulators, has cost the chairman of the bank, Marcus Agius. As he left,…
Inaccurate submissions of Libor interest rate data, which first cost Barclays (NYSE: BCS) $453 million in fines to U.S. and UK regulators, has cost the chairman of the bank, Marcus Agius. As he left, he…
The International Energy Agency (IEA) claims three factors tend to cause significant shortages in oil production — technical problems, the weather and civil unrest. Unless the Iran oil embargo has been caused by some sort…
Xerox (NYSE: XRX) is supposed to have gone through a renaissance of sorts in the past several years. After a series of poor decisions about its technology and sales operations, Xerox was forced off…
As auto manufacturers like General Motors (NYSE: GM) and Ford (NYSE: F) anticipate worse losses in the Europe market, their managements and investors continue to look to the crowded China market for relief. It…
Apple (NASDAQ: AAPL) pays $60 million to settle a trademark dispute in China. (Reuters) Factory orders in both Japan and China fall in June. (Reuters) Barclays (NYSE: BCS) Chairman Marcus Agius quits after the…
Euro area unemployment reached the highest level since the alliance was formed. The latest numbers, according to Eurostat: The euro area (EA17) seasonally-adjusted unemployment rate was 11.1% in May 2012, compared with…
Data from China’s National Bureau of Statistics and the China Federation of Logistics and Purchasing showed that June PMI was weak — another sign that troubled economies in Europe, and perhaps internal demand in the People’s Republic, have…
Updated throughout the day on the 24/7 Wall St. Wire Royal Bank of Scotland may face charges of interest rate manipulation similar to those which hit Barclays (The Times) Research In Motion may turn…
Some products sell well when first introduced. Many more fail miserably. Very few of them sell so well that they fundamentally impact American culture. This is 24/7 Wall St.’s list of 10 products that…
The world’s largest brewer just got much larger. Anheuser-Busch InBev (NYSE: BUD) will buy the half of Grupo Modelo is does not already own. The price is $20.1 billion. Grupo Modelo is based in…
Research In Motion’s (NASDAQ: RIMM) board may have no other choice than to make a last-ditch effort to save the company through an alliance with Microsoft (NASDAQ: MSFT), Reuters reports. Microsoft could make a…
In another sign that the recession in the European Union has spread well beyond the weakest nations, retail sales fell 1.1% in Germany in May. The Federal Statistics Bureau issued a report that showed:…
In another sign that the recession in the European Union has spread well beyond the weakest nations, retail sales fell 1.1% in Germany in May. The Federal Statistics Bureau issued a report that showed: According to provisional…
CEOs do not like it. More and more often, it seems, the roles of chairman and CEO become separate from one another. And the arrangement usually is forced on the chief executive. A major problem…