Aon Corp., the world’s biggest insurance broker, revealed in a regulatory filing Thursday a restructuring plan which includes cutting 1,500 to 1,800 positions globally, as it combines the operations of the recently acquired Hew…
Occidental Petroleum (OXY) has promoted Chief Operating Officer Stephen Chazen to the position of CEO, effective next May.
Chazen will replace Ray Irani, who will continue as full-time executive chairman, the company said in a statement.
“Steve is a proven leader who has been an integral member of the senior management team for many years, and I am confident that he will continue…
Continue reading Occidental Petroleum Names Stephen Chazen as CEO
Occidental Petroleum Names Stephen Chazen as CEO originally appeared on DailyFinance on Thu, 14 Oct 2010 09:03:00.
Filed Under: Energy, Company News, Technology, People, Green
Mining company Rio Tinto (RIO) produced record quantities of iron ore in the third quarter on rampant demand from China.
The company produced a whopped a 47.6 million tons of iron ore in the three months to September, BBC News said.
China is importing huge amounts of iron ore to make steel for its fast-growing economy. China, now the world’s second-largest quarter, grew at an annual…
Continue reading Rio Tinto Produced Record Amount of Iron Ore on China Demand
Rio Tinto Produced Record Amount of Iron Ore on China Demand originally appeared on DailyFinance on Thu, 14 Oct 2010 08:51:00.
Filed Under: Company News, Economy
Tesla Motors has signed a $60 million contract with Toyota Motor to develop an all-electric version of the popular RAV4 compact sports-utility vehicle, Tesla said Wednesday.
Continue reading Tesla and Toyota Te…
Switzerland’s UBS (UBS) will not take legal action against former employees for racking up the massive losses on subprime mortgages that left the company needing a bailout.
Kaspar Villiger, the UBS chairman, said that company was looking to the futur…