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Krawcheck to head Citigroup’s wealth management unit

Forty two year old Sallie L. Krawcheck, the chief financial officer of Citigroup and one of Wall Street's most powerful women will become head of the banking giant’s wealth-management division. Kraw

Apple shares rise as Executives clear of misconduct

Apple Computer Inc., chief executive, Steven P. Jobs, has been cleared by the company of all allegations of wrongdoing after it was found that he recommended stock options be backdated to make them more valuable.

Sony shuffles gaming unit, sidelines PS3 mastermind

Ken Kutaragi, President and Chief operating officer of Sony Computer Entertainment Inc. (SCEI), will no longer be active with his current role and will become chairman and Group CEO, effective Decembe

BBC's Top Man moves to Rival ITV

In a move that surprised the broadcasting industry, BBC Chairman Michael Grade left his top position to join rival broadcaster ITV as its new executive chairman. Grade will be replacing current chairman Peter Burt.

Kerkorian cuts GM stake, shifts to MGM

A billionaire investor, Kirk Kerkorian on Wednesday said that he had sold 14 million shares of $462 million worth in General Motors Corp after the automaker refused to support his alliance talks with