Rupert Murdoch to step down from running newspapers.
Rupert Murdoch’s News Corp split to be confirmed.
Murdoch denies break-up linked to phone hacking scandal.
News Corporation is no longer looking to buy all of BSkyB and in future will look to invest in the US rather than the UK, according to its chief executive and chairman Rupert Murdoch.
BlackBerry maker Research in Motion (RIM) is to axe 5,000 jobs from its global workforce as it reveals a further delay of the launch of its next generation of smartphones.
Aegis Media’s Martyn Rattle and Malcolm Hunter are leaving their respective roles of chief client officer for global and integrated clients and chief client strategy officer for communications planning.
Google makes tablet debut and undercuts Apple on price.
Merlin Inkley, Channel 4’s head of airtime management, is leaving the broadcaster after 20 years.
Clear Channel, the outdoor media group, has appointed News International’s Martin Corke to the new role of agency sales director.
The investment bank appointed Robert Herz, a former chairman of the Financial Accounting Standards Board, to its board of directors and made some changes to its board committees. The appointment of Herz, a former partner of accounting firm PricewaterhouseCoopers, is effective July 2.
ROYAL BANK OF SCOTLAND
The bank hired former UBS AG executive David Gray to build its prime services operation in Asia Pacific, taking a bet on the fiercely competitive industry led by Goldman Sachs and Morgan Stanley.
CBRE GROUP INC
Ireland’s leading commercial real estate firm appointed Gavin Wallace as associate director of its building consultancy (BCD) team in Belfast.
AMERICAN EQUITY INVESTMENT LIFE HOLDING CO
The company appointed John Matovina as chief executive and Ted Johnson as chief financial officer.
The wealth structuring group hired Paul Stibbard as senior adviser. He was formerly co-chair of the global steering committee and head of the wealth management department at Baker McKenzie.
MANULIFE ASSET MANAGEMENT
The asset management arm of Manulife Financial said on Wednesday it appointed Elka Leung as managing director, head of product development for Asia.
Leung will be responsible for overseeing the product development process for the company.
ALPARI (UK) LTD
The online foreign exchange company said CEO Andrey Vedikhin will take over as chairman.
The present chief commercial officer Daniel Skowronski will be the new CEO. Both appointments will be effective in autumn.
The insurance, investment and retirement group appointed Mark Laidlaw its chief actuary. He was previously executive vice-president for Solvency II for AEGON.