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Date Event SubClass Action
Carly Fiorina, previously one of America's most powerful businesswomen, resigns her post as CEO of Hewlett-Packard following a dispute with the company's board of directors over future strategy and the firm's profitability. Ms Fiorina pushed through a controversial merger with rival Compaq in 2002 ... profile
PeopleSoft Inc. announces that its Chief Executive and Chairman Dave Duffield has resigned following its agreement to a $10.3 billion buyout by rival Oracle Corp. earlier this month. profile
McDonald's announces that CEO Charlie Bell has resigned to focus on his battle with colorectal cancer. McDonald's names vice chairman Jim Skinner as its new CEO, and the board chose Mike Roberts, CEO of McDonald's USA, to the position of president and chief operating officer. Charlie Bell, only 44 ... profile
Sirius Satellite Radio Inc. names former Viacom Inc. President Mel Karmazin as its chief executive officer.
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Worldwide athletic-goods giant Nike, Inc. announced Thursday that University alumnus and current Chairman and Chief Executive Officer Philip H. Knight will step down as CEO, effective Dec. 28.
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Intel's board of directors elects current president and chief operating officer Paul Otellini as the next CEO to succeed Craig Barrett. Barret will be the new chairman of the board.
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Yahoo Inc. hires former ABC television programmer, Lloyd Braun to head its media and entertainment division.
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Donald Trump announces that his numerous development projects have been crimped by the war in Iraq because all the concrete and steel are being shipped by Halliburton to Iraq.
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Iraqi militants released three Turkish hostages "for the sake of their Muslim brothers" and Turkey's Foreign Minister, Abdullah Gul, tells state television. "We’ve struggled a lot for their release."
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Steve Heyer, who is stepping down from his post as Coca-Cola Co.'s No. 2 executive, will receive a severance package of about $23 million. It was clear from his employment agreement that he was being groomed for the top position to replace Doug Daft, which was given instead to E. Neville Isdell.
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Coca-Cola Co. announces that its President and CEO Steven Heyer, who was passed over for the top job in May, is leaving the soft drink producer.
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General Motors, the world's largest producer for automobilies, says it plans to invest more than $3bn and double its capacity in the People's Republic of China over the next three years. GM will make 1.3 Million cars per year in contrast with VW's proposed 1.6 Million.
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Advanced Micro Devices Inc. announces said that it will introduce Sempron, a new brand of microprocessors to compete against Intel's Celeron line.
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U.S. District Judge Ewing Werlein postponed the Enron criminal trial until August 16th because it would have interfered with his vacation plans.
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Microsoft announces that it "initiated preliminary discussions with SAP to explore the possibility of a potential merger [...] A few months ago, Microsoft ended these discussions due to the complexity of the potential transaction and subsequent integration."
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Circuit City Stores Inc. (CC) reports quarterly sales at stores open for at least one year have risen 6.4% associated with price cuts ofered to compete with archrival Best Buy Co. Inc. Best Buy continues to dominate, however.
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Kmart Holding Corp. (KMRT) announced it will sell as many as 24 stores to Home Depot Inc. (HD) for up to $365 million as it emerges from bankruptcy and tries to improve profit.
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Computer Associates announces that former CEO Sanjay Kumar, who stepped down amidst a federal accounting probe, will abandon his position as Chief Architect and sever all ties with the Islandia-based software firm noted for continued acquisition of inferior technologies.
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CBS parent Viacom announces that Mel Karmazin has unexpectedly resigned as the No. 2 executive behind Sumner Redstone. The board names MTV boss Tom Freston and CBS leader Leslie Moonves to share the jobs Karmazin held as co-presidents and co-chief operating officers, effective immediately. Karmazi ... profile
As her sentencing date approaches, and in an attempt to improve her image and reduce the possible jail time, Martha Stewart offers to work 20 hours a week teaching low-income and minority women to become entrepreneurs.
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Fiat Chairman Umberto Agnelli, who had been working to revive the Italian automaker, dies of cancer at the age of 62.
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Comcast executives introduce phone service plan that uses the Internet to transmit calls known as VOIP. The plan will test three markets this year before being implemented on half of the households reached by Comcast's cable systems by the end of 2005.
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Russian owned Securitylab.ru demonstrates that Cisco Router software has been stolen by posting parts of the source code for its visitors to see.
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PeopleSoft mocks Oracle's lower offer in its hostile takeover bid. PeopleSoft maintains that the U.S. Department of Justice will block the proposed merger due to antitrust issues.
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Disney reports Q2 profit, boosting CEO Michael Eisner, who has been under pressure to improve performance or be replaced.
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Shares of Intel (INTC), the world's largest semiconductor maker, rose to $27.77 on expectations that spending on electronics will rise. Worldwide chip sales had surged 32% in March from a year earlier, according to the Semiconductor Industry Association.
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Citigroup announces it will pay $2.65B to settle WorldCom Lawsuit.
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FOX News Threatens to sue Atlanta billboard owner if message jab at CNN is not posted.
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The MIT scientist credited with inventing the World Wide Web, Tim Berners-Lee, is awarded the first Millennium Technology Prize.
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Dallas-based Halliburton moves its headquarters to Houston, Texas.
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