BERLIN, Oct 7, 2008 (AFP) - German bank Hypo Real Esate, twice rescued from collapse by bailouts, said Tuesday it had named Axel Wieandt, head of the investment branch at Deutsche Bank, as its new chief.

Wieandt, 42, will succeed Georg Funke, who resigned Monday, on October 13.

BRUSSELS, Sept 30, 2008 (AFP) - Dexia chairman Pierre Richard and chief executive Axel Miller resigned on Tuesday, the company said after receiving a 6.4 billion euro state bailout.

The two tendered their resignations after 'drawing conclusions from the current financial crisis and its impact on the Dexia Group,' the company said in a statement.

THE HAGUE, Sept 26, 2008 (AFP) - Belgian-Dutch financial group Fortis, suffering a sharp fall in its share price and strugging to dispel liquidity concerns, said Friday it was replacing its chief executive.

It said Filip Dierckx, who heads the banking division, would replace Herman Verwilst as chief executive.

PARIS, September 4, 2008 (AFP) - French luxury group LVMH said Thursday it had appointed British designer Phoebe Philo creative director at the Celine luxury women's ready-to-wear label and Marco Gobbetti as its president and managing director.

PARIS, September 2, 2008 (AFP) - French-US Telecommunication equipment maker Alcatel-Lucent named Ben Verwaayen, former head of British Telecommunication group BT, and Philippe Camus, co-director of French media group Lagardere, in a new top management team on Tuesday.

PARIS, September 2, 2008 (AFP) - French-US Telecommunication equipment maker Alcatel-Lucent named Ben Verwaayen, former head of British Telecommunication group BT, and Philippe Camus, co-director of French media group Lagardere, in a new top management team on Tuesday.

WASHINGTON, August 27, 2008 (AFP) - Fannie Mae, one of the government-sponsored mortgage finance giants facing trouble from the housing meltdown, announced a shakeup of key management Wednesday while keeping its chief executive.

Yahoo on Thursday added to its board of directors two executives picked by corporate raider Carl ...

Paolo Pininfarina has been named CEO of the legendary Italian designer of Ferraris and Maseratis to ...

SAN FRANCISCO, August 6, 2008 (AFP) - Yahoo on Tuesday updated the results of recent voting by shareholders, revealing that support for the Internet firm's board is far weaker than it appeared.

Some 200 million votes were mistakenly cast in favor of the re-election of Yahoo chief executive Jerry Yang and board chairman Roy Bostock by an outside company used by a major stockholder.

MOSCOW, August 4, 2008 (AFP) - The chief financial officer of British-Russian oil company TNK-BP resigned on Monday, saying he could no longer carry out his duties because of a row between BP and its Russian partners, the company said.

SAN JOSE, August 1, 2008 (AFP) - Yahoo executives were resoundingly re-elected Friday after being berated by shareholders over failed takeover talks with Microsoft and for exposing Internet dissidents to Chinese officials.

SAN JOSE, August 1, 2008 (AFP) - Yahoo's embattled board members won re-election by resounding margins on Friday.

Yahoo chief executive Jerry Yang got 85.4 percent of the votes cast by shareholders while board chairman Roy Bostock got the support of 79.5 percent of the shareholders.

SAN JOSE, August 1, 2008 (AFP) - Yahoo executives on Friday were berated by shareholders upset by their handling of failed takeover talks with Microsoft and exposing of Internet dissidents to Chinese officials.

PARIS, July 29, 2008 (AFP) - Alcatel-Lucent took dramatic action in response to a sixth heavy loss in its Telecommunication-equipment marriage on Tuesday with the twin departures of its two founders, Patricia Russo and Serge Tchuruk.

There had been rumours that one or other might leave the group, and that their respective styles were a factor in the company's difficulties.

PARIS, July 29, 2008 (AFP) - The Alcatel-Lucent Telecommunication equipment giant revealed a huge loss on Tuesday and the shock departures of its two founders, as Asian competition adds to the strains of rapid change in the sector.

PARIS, July 29, 2008 (AFP) - The two top managers behind the creation of French-US Telecommunication equipment giant Alcatel-Lucent are resigning, the group said Tuesday after it announced a huge 1.1 billion euro quarterly loss.

LONDON, July 23, 2008 (AFP) - Nationalised British bank Northern Rock has appointed Barclays' vice chairman Gary Hoffman as its new chief executive, Barclays said on Wednesday.

'Gary Hoffman has been appointed as chief executive officer by the board of Northern Rock,' Barclays announced in an official statement.

LONDON, July 22, 2008 (AFP) - British mobile phone giant Vodafone said on Tuesday that full-year sales would be at the lower end of expectations because of difficult trading conditions, despite a rise in first-quarter sales.

SAN FRANCISCO, July 22, 2008 (AFP) - On the eve of a Tuesday release of its latest earning figures Yahoo struck a truce with corporate raider Carl Icahn, ending his fight to oust the struggling Internet pioneer's board.

SAN FRANCISCO, July 21, 2008 (AFP) - On the eve of a Tuesday release of its latest earning figures Yahoo struck a truce with corporate raider Carl Icahn, ending his fight to oust the struggling Internet pioneer's board.

SAN FRANCISCO, July 21, 2008 (AFP) - On the eve of a Tuesday release of its latest earning figures Yahoo struck a truce with corporate raider Carl Icahn, ending his fight to oust the struggling Internet pioneer's board.

NEW YORK, July 21, 2008 (AFP) - Yahoo agreed Monday to give corporate raider Carl Icahn and two of his allies board seats, ending his fight to oust the board of the Internet giant for its handling of a failed takeover bid from Microsoft.

NEW YORK, July 21, 2008 (AFP) - Yahoo announced Monday it has reached an agreement with corporate raider Carl Icahn ending his effort to oust the Internet giant's board over its handling of a takeover bid from Microsoft.

ZURICH, July 17, 2008 (AFP) - Swedish-Swiss engineering group ABB announced on Thursday that GE Healthcare's Joseph Hogan would be its new chief executive officer.

Hogan, currently GE's CEO, would join ABB on September 1, taking over as the engineering group's chief executive after the shock resignation of Fred Kindle in February because of 'irreconcilable differences'.

PARIS, July 10, 2008 (AFP) - European aircraft manufacturer Airbus announced Thursday a management change for its A380 superjumbo programme, which has been plagued by serious production and delivery delays.

The company said Frenchman Alain Flourens would replace Mario Heinen of Luxembourg, who will now be responsible for fuselage activities and cabin design.

PARIS, July 10, 2008 (AFP) - European aircraft manufacturer Airbus said on Thursday it had replaced the head of its A380 superjumbo programme, which has been plagued by serious production and delivery delays.

The company said Frenchman Alain Flourens would replace Mario Heinen of Luxembourg, who will now be responsible for fuselage activities and cabin design.

WASHINGTON, July 7, 2008 (AFP) - Marcus Brauchli, who left a top editorial job at the Wall Street Journal in April, was named executive editor Monday of The Washington Post newspaper.

The appointment is effective September 8, the Post said.

Brauchli succeeds Leonard Downie, who announced his retirement on June 23.

LONDON, June 27, 2008 (AFP) - BAE Systems, the British aerospace company making military equipment, said on Friday said that its chief operating officer Ian King would replace chief executive Mike Turner from September.

BAE had last year announced that Turner would retire in late 2008.

OSLO, June 3, 2008 (AFP) - Norwegian shipbuilder Aker Yards said Tuesday it has appointed Torstein Dale Sjotveit as its new chief executive after the departure of his predesseor in March after a string of bad results.

BRUSSELS, June 3, 2008 (AFP) - Brussels Airline announced Monday that its chief executive and managing director Philippe Vander Putten was leaving 'due to divergences of view' over splitting the roles at the top of the company.

WASHINGTON, June 2, 2008 (AFP) - Wachovia, one of America's biggest banks, said Monday that its chief executive Ken Thompson is leaving the bank as its board of directors seeks to stem hefty losses tied to troubled mortgage loans.

WASHINGTON, June 2, 2008 (AFP) - Wachovia, one of America's biggest banking groups, said Monday that its chief executive Ken Thompson is leaving the bank in the wake of significant losses largely tied to a deep housing market slump.

WASHINGTON, June 2, 2008 (AFP) - Wachovia, one of America's biggest banking groups, said Monday that its chief executive Ken Thompson was leaving the bank at the request of the company's board of directors.

The Charlotte, North Carolina-based, banking firm has endured significant losses this year which it has largely blamed on the continuing slump in the US housing market.

The International Monetary Fund's future chief economist, Frenchman Olivier Blanchard, says he is 'relatively optimistic' about the global economy, despite a financial crisis and surging oil prices.

WASHINGTON, May 27, 2008 (AFP) - International Monetary Fund chief Dominique Strauss-Kahn on Tuesday named a new chief economist and three others to top directors position.