It wasn’t long after Ericsson AB Chief Executive Officer Hans Vestberg was identified as a contender for the top job at Microsoft Corp. before phones were ringing off the hook at the telecom supplier’s Stockholm offices.
Ford Motor Co., poised to boost its quarterly dividend for the second time in two years, may push it to 12 cents a share for an annual payout of at least $34 million to members of the founding family that controls the automaker.
Ford Motor Co., citing its improved balance sheet, boosted its quarterly dividend for common shares and the stock held by its founding family by 25 percent, exceeding an estimate by Bloomberg analysts.
Ford Motor Co. directors gathering this week in Dearborn, Michigan, are likely to discuss future plans by Chief Executive Officer Alan Mulally, who is being considered for the top job at Microsoft Corp., according to a person familiar with the board’s thinking.
Alan Mulally, chief executive officer of Ford Motor Co., said he plans to stay with the No. 2 U.S. automaker through 2014 and won’t leave for Microsoft Corp., underscoring the challenge of finding a new CEO to run the world’s largest software maker.
EBay Inc. said activist investor Carl Icahn has proposed splitting off its PayPal online payments unit and is nominating two of his employees to join the board, as the largest online marketplace reported holiday quarter sales that missed analysts’ estimates.
Ford Motor Co., taking its 50-year old Mustang global for the first time, today unveiled a revamped muscle car boasting a sleeker look and optional smaller engine that will target the widest set of buyers ever.