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AIG reviews Benmosche replacement plan

NEW YORK -(MarketWatch)- American International Group Inc. AIG -0.56% will review its list of candidates to replace Chief Executive Robert Benmosche after the company’s chairman, designated as a possible emergency replacement, took a new job as CEO of airplane maker Hawker Beechcraft Inc. Robert “Steve” S. Miller remains AIG’s nonexecutive chairman, but the insurer’s board... 

Lenovo: Lanci relationship conforms with law

TAIPEI -(MarketWatch)- Lenovo Group Ltd LNVGY -0.56% said Wednesday it is confident that its relationship with its new Europe, Middle East and Africa head Gianfranco Lanci meets all legal requirements after rival computer maker Acer Inc ACEIY 0.00% started legal action against Lanci for breaching an anti-compete clause in a contract. Acer Inc. said Tuesday it filed the suit against Lanci, its former... 

Ardent Mines – ADNT.US

Ardent Mines has positioned itself to develop low cost gold mining operations in Brazil, a mining friendly jurisdiction. Ardent Mines owns a 100% interest in Gold Hills Mining Ltda., which in turn owns mineral rights on 3,500 Hectares, covering a highly-mineralized vein containing high grades of gold. Ardent Mines also exercised its exclusive option to acquire the mineral rights on the Serra do Sereno... 

Transurban profit up on traffic volumes, cost cuts

SYDNEY (MarketWatch) — Transurban Group on Tuesday reported a 25% rise in first-half profit driven by increased toll revenue and lower costs, while maintaining its full year distribution guidance. The Australian toll road company’s net profit for the six months to Dec. 31 rose to A$93.2 million from A$74.7 million a year earlier. Proportional earnings before interest, tax, depreciation... 

AMR’s American Air traffic up 1.4% in January

AMR Corp.’s AAMRQ -1.01% American Airlines saw a modest improvement in traffic last month as the carrier reported increases in international traffic and overall capacity. American, whose parent filed for bankruptcy protection in November, said traffic rose 1.4% in January while capacity slid 2.1% on the year. As fuel prices climb, airlines have been reining in capacity to stay as close to demand... 

Chunghwa Telecom to expand workforce by 8% in 2012

TAIPEI -(MarketWatch)- Chunghwa Telecom Co. , Taiwan’s largest telecommunications operator by subscribers, plans to expand its workforce by around 8% this year to tap into new business opportunities brought on by the closer economic ties between Taiwan and China, the company’s Chief Executive Shyue-ching Lu said Saturday. Lu said the company plans to add 2,000 staff this year to boost its... 

Micron Technology appoints Mark Durcan as CEO

Micron Technology Inc. MU -2.14% announced Mark Durcan, 51, had been appointed chief executive replacing Steven Appleton, who was killed Friday when the small plane he was piloting crashed at an airport near the company headquarters in Boise, Idaho. Durcan had been Micron’s president and chief operating officer. On Saturday he was also appointed to the company’s board of directors. Micron’s... 

Corning sees non-LCD operations driving growth

NEW YORK (MarketWatch) — Corning Inc. GLW -0.52% reiterated its long-term sales forecast, but said it will hit the target by growing businesses outside of its stalling liquid-crystal-display glass operation. Corning’s prediction, ahead of its annual investor meeting in New York on Friday, signals confidence that it can grow its top line by selling more fiber-optic cable, smartphone cover... 

Aeropostale taps Hirtler-Garvey to chair board

Aeropostale Inc. ARO +0.84% named Karin Hirtler-Garvey its chairman, succeeding Julian R. Geiger who has stepped down from the position. Hirtler-Garvey has been a member of the youth-focused apparel retailer’s board since August 2005 and has served as chairman of the board’s audit committee as well as the company’s lead independent director. She most recently served as the chief risk... 

Fiserv earnings up 23% on higher revenue

Fiserv Inc.’s FISV -1.16% fourth-quarter earnings rose 23% due to higher revenue in its main business segments. For the new year, the company forecast earnings of $5.04 to $5.20 a share on revenue growth of 4% to 6%, bracketing the $5.11 and 5% estimates from analysts surveyed by Thomson Reuters. The company, which provide information technology to the financial and insurance industries, has... 
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