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He will replace Charlie Shaver, who has occupied the position since July of 2004. Mr. McDonnell previously served as the President and CEO for Pregis Corporation.
Michael E. Ducey, Chairman of the Board, said, "We are very pleased to have Michael McDonnell lead TPC Group into its next era of growth.
TPC Group (NASDAQ:TPCG) today announced that Michael T. McDonnell has been elected by the Board of Directors to be the company's new President and CEO effective tomorrow, March 22nd, 2011.
Among the executives receiving options are COO John Havens, head of consumer banking for the Americas Manuel Medina-Mora, and CFO John Gerspach.
Citigroup shares are up $0.01, or 0.2%, to $4.91.
Citigroup (C) shares are higher after Bloomberg reported that the bank granted options on 18.2 million shares to 15 executives as a part of their 2010 pay.
The SEC voted to give shareholders of large public companies the right to express their opinions on the compensation of top executives at the companies, according to Bloomberg. Under the rule approved by the SEC by a 3-2 vote toda
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Shares of Zimmer (NYSE:ZMH) traded today at $81.72, breaking its 52-week high. This ne ...
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Shares of Yingli Green Energy (NYSE:YGE) traded at a new 52-week high today of $4.83. ...
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Shares of Crosstex Energy (NASDAQ:XTEX) traded today at $21.15, breaking its 52-week hi ...
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Shares of Washington Real Estate Investment Trust (NYSE:WRE) traded at a new 52-week hi ...
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Weatherford International (NYSE:WFT) traded today at a new 52-week high of $14.46. Thi ...
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Waste Connections (NYSE:WCN) traded today at a new 52-week high of $40.70. So far toda ...
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Shares of USANA Health Sciences (NYSE:USNA) traded at a new 52-week high today of $68.9 ...
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Umpqua Holdings (NASDAQ:UMPQ) traded today at a new 52-week high of $13.91. Approximat ...
From FNNO.com, this is the Financial News Network. I’m Cleo
Stiller-Farrell and this is your Midweek Market Wrap Up. The British
Bankers’ Association, which has the supervisory role of setting the
influential Libor rates, announced that it would be willing to give up
its...
The Wall Street Journal reports that home prices showed their best year-to-date gains since 2005, up 5.9% through July, signaling the housing market's steady march toward recovery. Also from the Wall Street Journal, IBM (IBM) will increase its efforts to sell so-called cloud computing services...
CEO Marissa Mayer is bringing in some more new blood to Yahoo!, tapping Ken Goldman as the company's new Chief Financial Officer. Goldman's appointment will take effect on October 22nd.
Goldman served as CFO at his most recent employer, Fortinet, having worked at Siebel Systems, Sybase,...
