Yahoo Inc Chief Executive Scott Thompson is stepping down after a controversy over a fake computer science college degree on his biography, a source familiar with the situation said on Sunday. Thompson’s interim replacement, effective immediately, will be Yahoo’s global media head Ross Levinson. Yahoo was not immediately available for […]

The CEO of JPMorgan Chase, which disclosed a $2 billion loss last week, said he was “dead wrong” when he dismissed concerns about the bank’s trading last month. CEO Jamie Dimon said he did not know the extent of the problem when he said in April that the concerns were […]

The rationalisation exercise embarked upon by the management of Mainstreet Bank Limited may snowball into a pitched industrial crisis capable of disrupting the operations of the bank next week following a seven day ultimatum given to its management to rescind its decision and return to the negotiating table by the […]