Ally's Gupta to Fill Vacant Marketing Spot at Allstate
Allstate Corp. (ALL) named Sanjay Gupta as chief marketing officer on Wednesday, filling a senior management position that had been vacant since the abrupt resignation of Mark LaNeve in February.
Bundesbank Official: ECB Shouldn't Regulate EU Banks
A board member of the powerful German Bundesbank said Wednesday, the ECB should not supervise eurozone banks.
How Can One Million People Be This Dumb?
With the Madoff and Stanford frauds still fresh, a marketing hack in North Carolina was able to lure 1 million investors into what regulators are calling a $600 million Ponzi scheme.
Judge OKs AMR Deal to Buy 11 Boeing Airplanes
A judge on Wednesday said American Airlines parent AMR Corp. (AAMRQ) can buy 11 new airplanes from Boeing Co. (BA) and then enter into a sale-leaseback transaction for those planes.
Pimco Adds to Gold Holdings on Inflation Concerns
The world's biggest bond-fund manager, Pacific Investment Management Co., is buying gold futures as it bets that global inflation rates will pick up over the next three to five years.
NCPA rejects credit card transaction fee settlement
Pharmacists joined convenience store owners, co-op operators, and Walmart in rejecting a proposed $7.25 billion settlement over credit card transaction fees.
William Morrison Supermarkets Buys Back 750,000 Shares
William Morrison Supermarkets PLC (MRW.LN) Wednesday said it purchased 750,000 ordinary shares, for cancellation, at an average price of 279.460 pence per share on Aug. 22.
GlaxoSmithKline Buys Back 1.4 Million Shares for Treasury
GlaxoSmithKline PLC (GSK.LN) said Wednesday it purchased 1.4 million of its own shares to hold in treasury on Aug. 22, with the highest price paid per share being 1457 pence and the lowest being 1440 pence.
Short on Cash, Pampa Energia Still Awaiting News in Argentina
Argentine utility holding company Pampa Energia SA (PAM,PAMP.BA) said Wednesday it is still awaiting news from the government about possible plans to help alleviate the ever-worsening financial crisis affecting the electric power industry.
Ebay, Toll Brothers Among Stocks Hitting 52-Week Highs Wednesday
These stocks reached one-year highs: The share price of Ebay (NASDAQ:EBAY) increased today, reaching and then surpassing its previous 52-week high of $47.07.