The country's largest aluminum producer posted a surprising profit for the first quarter. Alcoa announced it had earned $94 million despite a drop in aluminum prices during the first three months of the year.
Alcoa had been expected to post a loss for the second straight quarter...
In something of a rebuke to the austerity rhetoric coming out of Washington in recent months, a new survey shows Americans take responsibility for their own financial security but expect the government to provide a social safety net.
The report, by the Certified Financial Planner Board of...
Low-cost air carrier Spirit Airlines recently announced that it has tapped Pinnacle Airlines chief financial officer Edward M. Christie as its new senior vice president and CFO, effective next month.
According to...
With its current chief financial officer announcing his retirement, Atlanta, Georgia-based Delta Air Lines has announced that its current senior vice president and treasurer will be taking over the CFO role immediately,...
The Woodlands, Texas-based Chevron Phillips Chemical Company recently announced that it is appointing an assistant treasurer with Chevron Corporation to chief financial officer.
According to a release from the company, Tim D. Leveille will take over as senior vice president,...
Investment mogul Warren Buffett has accumulated a 5.5 percent stake in tech giant IBM - a move that marks a newfound embrace of the technology sector for the 81-year-old billionaire.
Buffett and his company...
Specialty pharmaceutical company Valeant Pharmaceuticals International, Inc. recently announced the appointment of a former Goldman Sachs executive as its new chief financial officer.
According to a release from the company, Howard B. Schiller will be taking over as executive vice...
November 5 has been widely championed as "Bank Transfer Day." Consumer advocacy groups around the world have been urging customers or large banks such as Citibank, Bank of America and Chase to transfer their funds to credit unions and community banks.
The event has been put...
Political gridlock, rising startup costs, diminished research and development and uneven economic growth have burdened the United States' position among world powers when it comes to global wealth and...
Bill Gross, founder and co-chief investment officer of bond fund Pimco, had some choice words about politics in Washington, the banking sector and the state of modern capitalism at the Charles Schwab IMPACT conference in San Francisco this week.
Asserting that capitalism "as we know...
With Greek Prime Minister George Papandreou deciding to call a shock national referendum on another international bailout for his country, European stocks plummeted on Tuesday, November 1, reports CNN.
According to the news source, the leaders of Germany and France scheduled an...
The executive vice president and chief financial officer of retailer Target Corporation will reportedly retire on March 31, 2012, with no successor having yet been named, according to a release from the company.
In the release, the company noted that Doug Scovanner will remain in his...
Some in the financial world have expressed concern for the future of the euro as the Greek debt crisis continues to ravage economies throughout the E.U. ...
In the wake of the resignation of CFO Joseph Lombardi, bookseller Barnes & Noble recently announced its vice president and corporate controller, Allen Lindstrom, will be taking over as interim...
While the Obama administration has faced its share of criticism from pro-business lobbies and experts, President Barack Obama has raised more funding from the finance and banking sectors than any of his Republican...
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