News Corp. OKs poison pill, buyback before split LOS ANGELES (AP) -- News Corp. said its board of directors has approved plans to split its entertainment and publishing businesses into two separate companies. The company also adopted a shareholder-rights plan designed to prevent a hostile takeover in the volatile trading period after the split is complete.
JPMorgan's Dimon survives shareholder referendum TAMPA, Fla. (AP) -- Jamie Dimon, the CEO and chairman of JPMorgan Chase, easily survived a vote Tuesday that would have called on him to give up his role as chairman of the nation's largest bank. But shareholders sent a message that the bank needs better oversight by giving only narrow approval to three of the bank's board members.
Judge gives final approval to A123 bankruptcy plan WILMINGTON, Del. (AP) -- A Delaware bankruptcy judge has given final approval to the reorganization plan of failed battery maker A123 Systems Inc., which was the recipient of a $249 million Department of Energy grant.
Retailer LL Bean keeping it in the family PORTLAND, Maine (AP) -- L.L. Bean's grandson Leon Gorman is retiring as chairman of the outdoors retailer after more than a half-century as the company's chairman or CEO, but the privately held firm is keeping the position in the family.