Business News for Thursday March 10, 2011

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Liddell to leave GM after 14 months DETROIT (UPI) -- U.S. automaker GM said Thursday it would promote its treasurer, Daniel Ammann, to replace departing Chief Financial Officer Christopher Liddell. Liddlell, who came to GM from Microsoft 14 months ago, had been expected to be chosen to replace Chief Executive Officer Ed Whitacre Jr., but GM instead picked Dan Akerson to take over, The Detroit News reported. A source close to the action said Liddell's departure was "amicable," but expected now that Akerson ... Continue Reading... Post a Comment | Share | Print CEO turnover dropped in February CHICAGO (UPI) -- Turnover at the head office in U.S. companies dropped sharply in February compared with the same month a year ago, a consulting firm said Thursday. Challenger, Gray & Christmas said 92 chief executive officers left their jobs in February, compared with 96 in January and 132 in February of 2010. The largest group of departures, 25 of them, was attributed to retirement, while 23 "simply resigned," the firm said. Sixteen "stepped down" while four departed due... Continue Reading... Post a Comment | Share | Print Foreclosures dropped sharply in February IRVINE, Calif. (UPI) -- Online property market RealtyTrac said U.S. foreclosures dropped 14 percent January to February as the paperwork debacle of 2010 stalls many transactions. Foreclosures dropped 27 percent in January from the same month a year ago to 225,101, the firm said. It was the largest annual drop since 2005, when the firm began tracking the data. The foreclosure market is still reeling from last year's paperwork controversy in which many lenders were forced to... Continue Reading... Post a Comment | Share | Print Advertisement Why pay over $90 a month for Cable or Sat.TV services? Download A TV! Travelers everywhere are RAVING about this Handy Travel Aid. Click & See Why. BOE keeps lending rates unchanged LONDON (UPI) -- The Bank of England said Thursday it will keep its bank-to-bank lending rate intact and continue with its program to purchase $322 billion in securities. Minutes of its decision-making meetings are released three weeks after policy decisions are announced. Expectations of a rate increase are high, however, as the inflation rate in Britain reached 4 percent in January. Raising rates would take liquidity out of the economy, slowing inflation which is often ... Continue Reading... Post a Comment | Share | Print   Advertisement ==>> Important: Income From Home Today News Did you forget... Quick heads up This link has been reserved for you and will last for just today. Click Here to view the 23 second intro video. Begin feeling the relief of a full-time income from you living room right now Click Here to see your new life with NO boss   More Headlines • Markets veer south on trade and jobs • Canadian trade surplus plummets in January • U.S. trade deficit grows • Imports jump due to tainted milk scandal • Markets drop sharply     More News From ArcaMax Current News Entertainment News Business News Sports Political News Weird News Religious News Lifestyles

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