Ex-Yahoo CEO Told Board He Has Cancer Before resigning as CEO of Yahoo, Scott Thompson disclosed to the company’s board of directors that he has been diagnosed with thyroid cancer.
Geofencing: Can Texting Save Stores? Dozens of companies are trying to get into the “geofencing” business—sending out mobile coupons to nearby shoppers. But so far the hype is bigger than the actual use.
Continue reading …Disney Basks in ‘Avengers’ The record-setting opening of “The Avengers” this weekend—with $ 200.3 million of tickets sold at the North American box office—validates Disney’s $ 4 billion acquisition of Marvel Entertainment in 2009.
Continue reading …News Corp. Blasted in U.K. A report by a U.K. parliamentary committee examining the News Corp. phone-hacking scandal concluded that lawmakers were misled, and said that Rupert Murdoch is “not a fit person” to run a major company.”
Continue reading …Woes at Law Firm Deepen The Manhattan district attorney’s office is investigating possible wrongdoing at the embattled New York law firm Dewey & LeBoeuf.
Continue reading …Heat Turned Up on Falcone Some of LightSquared’s lenders are pressing hedge-fund manager Philip Falcone to step aside as the public face of the wireless communications firm as a condition for avoiding a debt default.
Continue reading …Murdoch Contends He Was Misled News Corp. CEO Rupert Murdoch said he should have been quicker to address allegations of unlawful reporting practices at the News of World tabloid, but he told a media-ethics inquiry that he blamed others for misleading him as part of a coverup.
Continue reading …US Airways CEO Talks Up Merger US Airways’ chief executive said the company has a “unique opportunity” to pursue a merger with American Airlines and has the backing of unions representing more than 50,000 workers at the rival carrier.
Continue reading …GM’s Mr. Fix-It Tackles Opel Mess General Motors’ European operations are bleeding money and getting worse. Vice Chairman Stephen Girsky is in the hot seat as the company’s point man for cleaning up the mess.
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