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Occidental Petroleum Corp. (OXY) Chairman Ray Irani appears to have lost his long-time seat on the oil and gas company's board, according to a regulatory filing the company issued Friday.The Los Angeles-based oil and gas company said Friday that eight of the 10 board members who were running for re-election got the approval of a majority of shareholders--a list that didn't include Mr. Irani. The filing said that independent director Aziz Syriani, who was close to Mr. Irani and also sought re-election, had resigned on Thursday.The company didn't immediately return a request for comment.The chairman, who stepped down as chief executive two years ago over pay issues, was under fire from shareholders wary of his lingering power. His departure would bring to a close a nearly 30-year stint at the firm.The vote followed weeks of growing shareholder discontent over Mr. Irani's effort to remove CEO Steve Chazen earlier this year and the board's handling of succession planning for the CEO post.M...
Richard M. Scrushy, the former chief executive of HealthSouth Corp. (NYSE:HLS), remains jailed in federal prison, but that hasn't stopped him from offering his thoug...
He's 64 years old. He's a convicted felon with a shaved head. He's locked up in prison. And even with the nation's unemployment rate at 9.1%, he can still find a job...
Former HealthSouth (NYSE:HLS) CEO Richard Scrushy told FOX Business Wednesday he was “pleased” to have two of his bribery convictions thrown out this week by a feder...
FBN's Diane Macedo with the latest details surrounding the insider trading case.
Richard M. Scrushy, the jailed founder and former chief executive of HealthSouth Corp. (NYSE: HLS), believes a ruling against him last week by the Alabama Supreme Co...
FBN’s Connell McShane on the health-care company raising its full-year outlook after posting quarterly earnings of $0.44 a share, excluding certain items.
FBN’s Connell McShane previews speeches by Fed Chief Ben Bernanke and Treasury Secretary Timothy Geithner at separate events today.
FBN’s Connell McShane details the oil giant’s plans today to permanently plug the blown-out well.
Former Alabama Governor Don Siegelman on the investigation surrounding his bribery case.
Fmr. U.S. Attorney Mitch Epner on how the Supreme Court’s decision on the 'honest services fraud' in the Jeffrey Skilling case will impact others cases.
Former Alabama Governor Don Siegelman on why he feels Goldman Sachs is being taken to the gallows to garner political support.
Former Alabama Governor Don Siegelman on his appeal before the Supreme Court.
U.S. stock market futures fell Friday as investors grew cautious ahead of an initial reading on U.S. growth data, due later. Earnings from Chevron Corp. and D.R. Hor...
Former Gov. Don Siegelman, (D-Ala.), on being sentenced to prison for bribery.
Former Alabama Gov. Don Siegelman on the petition for the President to pardon him from his prison sentence for bribery.
FBN’s Neil Cavuto on the Former HealthSouth CEO Richard Scrushy saying he and former Gov. Don Siegelman are innocent of the bribery and corruption charges against them.
The Health Care sector (XLV) showed little movement on a trading day that saw S&P 500 fall 1%.Savient Pharmaceuticals (NASDAQ:SVNT) rose 35.3% to close at 69 cents, ...
Richard M. Scrushy, the jailed founder and former chief executive of HealthSouth Corp. (NYSE:HLS), is being released on Thursday to a halfway house in Texas, accordi...
DOW JONES NEWSWIRESIf the U.S. Supreme Court repeals the 2010 health-care law, for-profit hospital operators would suffer as costs for treating patients who can't pa...
