The Walt Disney Co. on Monday named Disney Channels Worldwide top executive Rich Ross as its movie studios chairman, following a year of disappointing movie results and the abrupt departure of its former chief, Dick Cook.

Continue reading " Rich Ross named head of Disney studio (AP) "

With sales down sharply and pressure to start generating cash before government loans run out, Chrysler CEO Sergio Marchionne shook up his executive team Monday, replacing two of his brand managers after just four months and splitting Dodge into car and truck units.

Continue reading " Chrysler Remake: New CEO shakes up exec team again (AP) "

The Great Recession has turned into the best of times for young investor Daniel Lee. Early this year, the 30-year-old salesman in Scottsdale, Ariz., shelved expensive meals and vacation plans and threw “every spare dollar” into the stock market.

Continue reading " For young, recession offers deals of a lifetime (AP) "

The banking sector got a boost Monday after Goldman Sachs Group Inc. raised its view on large banks to “Attractive” from “Neutral,” saying they are on relatively better footing than regional banks.

Continue reading " Sector Snap: Banks rise after sector upgrade (AP) "

Universal Studios on Monday replaced two of its top movie executives in an apparent effort to reverse the box-office slump that has dropped it from fourth to last place among the six major Hollywood studios.

Continue reading " Universal replaces top movie studio executives (AP) "

Bank of America Corp. plans to select an emergency CEO this week in case Ken Lewis steps down before the end of the year, The Wall Street Journal reported Monday.

Continue reading " BofA to select emergency CEO this week: report (AP) "

Drugmaker Bristol-Myers Squibb Co. said Monday that its new diabetes drug, Onglyza, has been approved for sale in the European Union’s 27 countries.

Continue reading " Bristol-Myers gets EU approval for diabetes drug (AP) "

Dow Chemical Co.’s shares rose Monday after an analyst said the chemical manufacturing giant’s electronics business has improved and the coatings business has stabilized.

Continue reading " Dow shares up as analyst notes improvements (AP) "

Coach Inc. is suing low-price retailer Target Corp. over bags the luxury handbag maker says too closely resemble its own designs.

Continue reading " Coach sues Target over bags it says are copies (AP) "

Federal health advisers voted 6-4 on Monday that the potential benefits of a Schering-Plough drug outweigh its toxic risks as a treatment for late-stage skin cancer.

Continue reading " FDA panel backs Schering-Plough cancer drug (AP) "