UPDATE 1- Steel Dynamics' CEO Busse to be replaced
* Stock rises 1.6 percentOct 14 (Reuters) -Steel Dynamics said on Friday that its board chose President and Chief Operating Officer Mark Millett to replace Keith Busse as chief executive officer next year.Millett, a director and co-founder of the steelmaker 18 years ago, will take over the CEO’s position effective Jan 1, 2012.Busse, who also helped found the company, will continue...
Artist can paint nude models only after dark
Golub’s lawyer, Ronald Kuby, argued that New York laws do not prohibit public nudity in the name of art, and a compromise was reached that was the basis of the court ruling.Under the agreement, “he is permitted to paint bare breasts any time, anywhere, but the G-strings have to stay on until daylight goes out,” Kuby said after a hearing in Manhattan criminal court.State laws...
TEXT-Fitch afrms Taichung Bank at 'BB+';otlk stbl
The ratings reflect TCB’s overall steady financial profile, its still small franchise, modest profitability and capitalisation, adequate asset quality and sound liquidity. The Stable Outlook is underpinned by adequate capital strength. Increase in risk appetite or asset quality deterioration resulting in losses and reduced capital may put pressure on ratings.TCB reported improved asset...
Robert Galvin, long-time CEO of Motorola, dies
Robert Galvin took the reins of the company in 1959 after the death of his father, Motorola founder Paul Galvin. At that point Motorola had annual revenue of about $290 million, which it derived primarily from North America.By the time Galvin stepped down as Motorola’s chairman in 1990, the company’s annual sales had grown to $10.8 billion. He had relinquished the post of CEO in...