AOL taps CEO as next chairman
AOL Time Warner names chief executive Dick Parsons as the next chairman effective May 16, following Steve Case's resignation plans. The board kept governance measures intact amid investor pressure after the $106 billion merger and ongoing probes into AOL division practices. Shares rose slightly after the announcement.
MENTIONED IN THIS ARTICLE
AOL
New York
Time Warner Inc
Dick Parsons
Thursday
Steve Case
Case
America Online
Time Warner
Parsons
AOL Time Warner
Paul Cappuccio
Justice Department and
Securities and Exchange Commission
Parson
New York Stock Exchange
Steve Gase
Cautious investors send stock prices lower after earnings
Investors grew cautious amid better than expected Sears and United Technologies results while war with Iraq loomed. Major indices slid from early gains as analysts noted mixed earnings and a wary market stance ahead of more reports. Microsoft and IBM moves reflected post session swings and extended trading outcomes.
MENTIONED IN THIS ARTICLE
New York
Sears
United Technologies
Iraq
Tony
Cecin
US Bancorp
Piper Jaffray
Minneapolis
Dow
Intel
DuPont
Standard & Poor
U.N
IBM
Wall Street
Barry Berman
Robert W. Baird & Co
Milwaukee
Dollar slides after Iraq warhead discovery
The dollar dropped to multi year lows against the euro and Swiss franc after U N weapons inspectors found 11 empty 122mm chemical warheads in Iraq. Iraq denied the find as a smoking gun while markets priced in higher war risk and a weaker dollar.
MENTIONED IN THIS ARTICLE
New York
Dow Jones/AP
Iraq
U.N
United Nations
David Mozina
Banc of America Securities
Andrew Chaveriat
BNP Paribas
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Microsoft
Wakie
Berkline
Lil
Dollar Falls
Poe
Rt. 10
Medicare
Hace UR Ea
Daniel J. Talarek
Lorain CO
National Guard
United States
Armed Forces of the
Lorain County
Middle Ave
Elyna
Ohio