Fox Business - The Power to Prosper
Search Site

CBS

CEO of Puerto Rico's Popular Declares IOC Presidency

Popular Inc. (BPOP) Chairman and Chief Executive Richard Carrion wants to make his pastime a full-time job, declaring on Wednesday his candidacy to become president of the International Olympic Committee.If elected in September, Mr. Carrion, 60 years old, would step down as CEO of Puerto Rico's largest bank by assets and deposits, but remain its chairman.The decision is setting off a search for a potential successor at a critical time for the bank, which hasn't fully recovered from the financial crisis, has yet to repay government aid and must decide whether to grow or shrink further to improve profitability."The biggest strategic challenge is still the U.S. [mainland] operations," Mr. Carrion said in an interview. Still, the IOC presidency is something "I have been carefully considering for some time." Popular, he said, "is prepared."Popular's board of directors has started to search for a potential successor. "We have a number of strong internal candidates and would also consider ext...

Read More

  1. Don't Expect Video Sites to Trump Traditional TV 'Any Time Soon'

    While online video sites like Google's (NASDAQ:GOOG) YouTube and DailyMotion continue siphoning more advertising revenue from the broadcast conglomerates, streaming ...

  2. Invest Like Warren Buffett... but not Really

    If you want people to read your investing-related post or book, you'll increase your chances by mentioning Warren Buffett in your title. After all, I just did it - a...

  3. Viacom and CBS beat expectations in tough TV ad market

    Sumner Redstone had a good day on Wednesday as his two companies Viacom Inc and CBS Corp reported quarterly results that beat Wall Street estimates on the back of un...

  4. CBS Profit Jumps 22%

    CBS Corp.'s (CBS, CBSA) first-quarter profit rose 22% after the media company commanded record advertising rates for its Super Bowl broadcast.Ad revenue, which accou...

  5. CBS First-Quarter Profit Rises 22%; Ad Revenue Up 8% on Super Bowl

    CBS Corp.'s (CBS, CBSA) first-quarter profit rose 22% after the media company commanded record advertising rates for its Super Bowl broadcast.Ad revenue, which accou...

  6. Netflix Original Series 'Orange Is The New Black' to Premiere in July

    Netflix Inc. (NFLX) said its original new series "Orange Is The New Black" will premiere July 11, as the online-video company continues its push to compete with riva...

  7. Macmillan to pay $26 million to settle antitrust class action

    Publishing house Macmillan moved on Friday to settle a raft of antitrust suits accusing it of conspiring with other publishers to raise e-book prices, hammering out ...

  8. MARKET SNAPSHOT: Data To Overtake Earnings As May Looms

    Expect the latter half of earnings season to get shoved aside as investors focus more on economic data and central-bank policy in the coming week, according to analy...

  9. Bazinga! 'The Big Bang Theory' Money Theories

    Are These Smart Guys Making Dumb Money Moves?CBS' No. 1 hit show, "The Big Bang Theory," has reached a stratosphere of popularity not many shows achieve. What origin...

  10. Busy Week on Tap with Jobs Report, FOMC

    The big news next week in a busy five days for economic data will come from the labor front, when the government releases its April jobs report on Friday.Also the Fe...

  11. WEEK AHEAD: Facebook Earnings, Fed Meeting, April Payroll Data

    Earnings season continues next week with a focus on Internet companies, insurers and media firms. The most notable names include Facebook, AIG, Visa and MasterCard.O...

  12. Honeywell Has Its Hands in the Honey Pot

    Justin Danhof took the floor at Honeywell International Inc.'s (HON) annual meeting in Morris Township, N.J., on Monday to ask about the company's taxpayer-funded bi...

  1. ESPN Lays Off a Few Hundred Workers as TV Rights Fees Rise

    ESPN was laying off a few hundred workers on Tuesday, a sign that the hugely profitable sports cable powerhouse is responding to rising sports rights fees as well as...

  2. How We Like to Watch our Favorite TV Shows

    Online media streaming sites like Netflix (NASDAQ: NFLX), Hulu and Amazon (NASDAQ:AMZN) are tailor made for binge watching your favorite shows, as users watch entire...

  3. ESPN to Expand Video Partnership with Twitter

    ESPN plans to post sports video highlights on Twitter in near real-time, as the sports network and micro-blogging service expand their partnership to create new oppo...

  4. ESPN, Twitter Expand Tie-Up

    ESPN and Twitter Inc. are announcing a major expansion of their collaboration to post sports-related videos on the short-messaging service--part of a growing wave of...

  5. Twitter and ESPN Expanding Their Web-Video Partnership

    ESPN and Twitter Inc. are announcing a major expansion of their collaboration to post sports-related videos on the short-messaging service, part of a growing wave of...

  6. Disney's ABC to Launch Live Streaming

    Walt Disney's (NYSE:DIS) ABC is set to become the first broadcast network to provide live online streaming of its shows.Disney said live streaming, both online and o...

  7. U.S. broadcast TV ratings slide pressures ad rates at 'upfronts'

    U.S. broadcast networks head into their biggest ad-selling season this week, competing with streaming services like Netflix, battling online players for ad dollars, ...

‹ Prev12345Next ›
Freebase CC-BY
Source: CBS on Freebase, licensed under CC-BY
Other content from Wikipedia, licensed under the GFDL