facebooktwitterRSS
- Advertisement -
- Advertisement -
 

« News Home

Business News Digest



Published: Thu, October 12, 2006 @ 12:00 a.m.


NATION
Visa to sell shares in IPO
NEW YORK -- Following the lead of MasterCard Inc., competitor Visa announced Wednesday that it plans to restructure its organization to create a new company and then sell shares in an initial public offering. Since its IPO, the shares of No. 2 card issuer MasterCard have soared to 70 from an opening day price of 46 in May.
McAfee, CNet CEOs leave
SAN FRANCISCO -- The chief executives of McAfee Inc. and CNet Networks Inc. stepped aside Wednesday to atone for stock-option chicanery that occurred on their watch, expanding the list of business leaders swept up in a messy scandal that is erasing profits and spurring government investigations. McAfee, a leading maker of anti-virus software, parted ways with George Samenuk, who retired as its chairman and CEO after nearly six years on the job. The Santa Clara-based company also fired its president, Kevin Weiss. CNet, which runs a stable of technology news and entertainment Web sites, accepted the resignation of co-founder Shelby Bonnie, who has been running the San Francisco-based company for the past six years.
Associated Press


Don't Miss a Story

Sign up for our newsletter to receive daily news directly in your inbox.

News
Opinion
Entertainment
Sports
Services
Classifieds
Records
Discussions
Community
Help
Forms
Neighbors

HomeTerms of UsePrivacy StatementAdvertiseStaff DirectoryHelp
© 2016 Vindy.com. All rights reserved. A service of The Vindicator.
107 Vindicator Square. Youngstown, OH 44503

Phone Main: 330.747.1471 • Interactive Advertising: 330.740.2955 • Classified Advertising: 330.746.6565
Sponsored Links: Vindy Wheels | Vindy Jobs | Vindy Homes