Occidental Petroleum Names Stephen Chazen as CEO

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.

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“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.

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Yahoo Hires Goldman Sachs to Deal With Takeover Bids

Yahoo

Yahoo (YHOO) has hired Goldman Sachs Group (GS) to help deal with possible takeover approaches, Bloomberg News reported.

Yahoo has been working with advisers for about two weeks, but has not received any offers, Bloomberg News said.

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AOL (AOL), DailyFinance‘s parent company, has discussed a possible bid for Yahoo with private equity firms, according to reports.

In February 2008,…

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Yahoo Hires Goldman Sachs to Deal With Takeover Bids originally appeared on DailyFinance on Thu, 14 Oct 2010 06:46:00.

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Sony Delays Release of Gran Turismo 5

The Gran Turismo 5 video game will not be released on Nov. 2 as scheduled, Sony (SNE) said.

The video game will be made available during the holiday season, Sony said. The company said that Kazunori Yamouchi, the game’s creator, is “creating the perfect racing experience.”

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The delay may frustrate some fans who have already spent as much as $100 to order the game, according to…

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Sony Delays Release of Gran Turismo 5 originally appeared on DailyFinance on Thu, 14 Oct 2010 06:25:00.

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Report: AOL Preparing Possible Yahoo Takeover Bid

AOL is reported to be collaborating with private equity firms to explore a possible Yahoo takeover attempt. In theory, an AOL-Yahoo deal would position the merged company to compete for online advertising dollars more effective…