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The chairman of Wells Fargo agreed last year to help the company through the financial crisis, now Dick Kovacevich will be stepping down from the job as he sees that the financial crisis is over, I suppose. After 23 years of being with the company, …

This morning Steve Ballmer, CEO of Microsoft, said the company will likely be eliminating 5,000 jobs by June of next year. From an internal memo it looks like the first phase of layoffs (of 1,400 positions) was part of the announcement, so more than 3,000 …

Del Monte Produce said today that its first quarter profits were down 45%. The chairman and CEO Mohammad Abu-Gahzaleh said that the company suffered because of severe weather in the regions of Coasta Rica and Guatemala where its pineapple and banana production facilities and crops …

For the first quarter 2009, Ford posted a $1.4 billion loss, however this loss was much less than expected. The only Big 3 autocompany to not accept federal bailout money thinks that it can weather this recession and come out the winner overall.
“Our results in …

After being the COO of Facebook Owen Van Natta has accepted the job as chief executive of MySpace, Facebook’s bitter rival.
arlier this week, the Wall Street Journal that MySpace co-founder and CEO Chris DeWolfe would be leaving the company after News Corp (NYSE: NWS), MySpace’s …