Swimming-Australia chief steps down in wake of Olympic flop
SYDNEY, Nov 22 (Reuters) – Swimming Australia chief executive Kevin Neil resigned on Thursday as the fallout from the country’s poor performance at the London Olympics continued to reverberate. An enquiry into Australia’s worst Olympic performance for 20 years, where their swimmers failed to win an individual title and ended up with just relay gold, six silver and three bronze medals, is scheduled to get underway next week. …
Analysis: Intel Inside - Looking inward for CEO may be best bet
SAN FRANCISCO (Reuters) – Wanted: Visionary CEO to help world-class chipmaker expand beyond struggling personal computer market into tablets and smartphones. Experience with cutting-edge manufacturing pla nts and $10 billion annual capital expenditures a plus. Intel Corp raised eyebrows on Wall Street and in Silicon Valley this week when it said it will consider an outsider to take over from outgoing Chief Executive Paul Otellini, potentially ending a four-decade tradition of internal succession. …
Ally to sell Europe, Latin America operations to GM
(Reuters) – Ally Financial said it will sell its Europe and Latin America operations to GM Financial, a unit of General Motors, for about $4.2 billion. The combined operations in Europe and Latin America represented a bout $16.1 billion in assets at the end of the third quarter, Ally said in a statement. The transaction involves two companies that are still partially owned by the U.S. government after a series of bailouts. The companies also have an intertwined history: Ally is the former financing arm of GM and was once known as GMAC. …
India secretly hangs lone surviving Mumbai gunman
India secretly executed the lone surviving gunmen from the 2008 Mumbai terror attack, four years after Pakistani gunmen blazed through India's financial capital, killing 166 people and shattering relations between the nuclear-armed neighbors.
Toshiba shows off robot meant to help at nuke site
Toshiba Corp. has developed a robot it says can withstand high radiation to work in nuclear disasters, but it's not clear what exactly the robot is capable of doing if and when it gets the go-ahead to enter Japan's crippled Fukushima Dai-ichi nuclear plant.
Wednesday, November 21, 2012
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