Business news

...fights to fix its Olive Garden chain after its contested sale of Red Lobster. The company also said it will split the chairman and CEO roles. It appointed Charles Ledsinger Jr. as independent non-executive chairman.

Business news

...Aiken, recorded net sales of $1.36 billion in the second quarter, up slightly from $1.35 billion in 2013.Chairman and CEO Mike Thaman said the insulation and composites business units met expectations for the first half of the year, offsetting...

Work on Augusta outlet mall, movie theater expected to break ground this year

...from its proximity to a large retail development with terrific access and visibility," said Bill Stembler, the chairman and CEO of the Georgia Theatre Co.Georgia Theatre Co. operates two local theaters: Masters Value Cinemas 7 on Washington...

Bank merger would combine Augusta's First Bank of Georgia with Atlanta financial corporation

...prices."This is a great point of entry for us into the Augusta market," said Joe Evans, State Bank Financial chairman and CEO, during a Tuesday conference call. "First Bank of Georgia is large enough to be meaningful, but small enough to...

Obama picks ex-P&G head to lead Veterans Affairs

...anonymity in order to confirm McDonald's appointment before the president's announcement.Jim McNerney, Boeing's chairman and CEO, welcomed the development."I believe Bob McDonald is an outstanding choice for this critically important position...

Pfizer ends takeover bid for AstraZeneca

...rejected the bid, saying it undervalued the company, which has promising new drugs in the pipeline.On Monday, Pfizer Chairman and CEO Ian Read reiterated that Pfizer's last offer "was compelling and represented full value for AstraZeneca, based...

Weak electronics sales pressure Best Buy, Sears

...electronics business at both Sears and Kmart," said billionaire hedge fund investor Eddie Lampert, who is Sears' Chairman and CEO in a prerecorded call. "To address this decline, we are moving this business from a focus on selling televisions...

NBC extends Olympic deal through 2032 for $7.75 billion

...great expertise in Olympic broadcasting and the passion always showed for the Olympic Games."Brian Roberts, chairman and CEO of Comcast, which owns NBC, said the network was encouraged to make a new deal because of the profits and strong...

Pacers shut down Wizards, take 2-1 lead in series

...Sunday in Wash ington. CLIPPERS: The NBA has chosen Dick Parsons, a former Citigroup chairman and former Time Warner chairman and CEO, as interim CEO of the team.Parsons will oversee the franchise while the league tries to force owner Donald Sterling...

Business news

...the company's audit and corporate responsibility committee. Included on that list are Anne Mul cahy, the former chairman and CEO at Xerox; and James A. Johnson, who was once the CEO at Fannie Mae.The board fired CEO Gregg Steinhafel in early...