Young CEOs: Are They Up to the Job?

Bayer: Pressure on Prices Has Bad Effects

Marijn Dekkers, head of German drug and chemicals giant Bayer AG, says consumers don't give pharmaceuticals enough credit.

• Lessons Learned: Deloitte U.S. CEO Joe Echevarria

Wal-Mart Names China Chief

Wal-Mart Stores tapped Greg Foran as president and CEO of Wal-Mart China as the retailer looks to regain its footing after several missteps in one of its most important growth markets.

Micron Technology Appoints a New CEO

Micron Technology announced Mark Durcan had been appointed chief executive replacing Steven Appleton, who was killed Friday when the small plane he was piloting crashed.

With Role Lessened, Loan Chief Exits BofA

Barbara Desoer, a high-profile mortgage executive who once was a candidate to become chief executive of Bank of America, is leaving as the financial giant retreats from the home-loan business.

Caterpillar Closes Plant in Canada After Lockout

Caterpillar said it will close a locomotive plant in London, Ontario, following a lockout, eliminating about 450 jobs that mostly paid twice the rate of a U.S. counterpart.

Rival CEOs Face Toughest Test of Cooperation

Any merger between Glencore and Xstrata would require close cooperation between their respective chief executives, who have worked together before on deals that have enriched them and their companies, even as they competed in the rough-and-tumble world of mining and commodities.

Sony's New Chief Reveals His Plans

The new chief executive of Sony promises to forge a new path for a company that once dominated the business of filling free time with the creation of wildly popular consumer products.

• Heard: Hirai Must Make Investors Believe
• Under Stringer, a Run of Bad Luck
• Japan Real Time: End of the Stringer Era?

Fenwick to Head Dow Jones

News Corp. named Lex Fenwick as the new chief executive of Dow Jones & Co., publisher of The Wall Street Journal. Fenwick was recruited from Bloomberg, where he had been CEO.

Apple Hires Dixons Official

Apple tapped the chief of one of Europe's largest electronics retailers as its new head of retail, filling its most high-profile vacancy with a company outsider.

• Apple Takes Gamble on New Retail Chief
• SmartMoney: Where Stores Could Improve

Law Firms Pursue Growth by Poaching

Law-firm partner defections rose last year, and legal experts predict the trend will continue this year as firms compete for established books of business amid sagging demand for legal services.

Refiners, Union Reach Deal

U.S. refiners and the United Steelworkers came to a tentative agreement on contracts hours before deadline Tuesday evening, averting a strike that could have brought a large chunk of refining capacity offline.

• Heard on the Street: Anxious Refineries Need Closure

Samsung, Daiwa Cut Jobs in Asia

Japan's Daiwa Securities stepped up its job-cutting plans, while Korea's Samsung Securities is laying off staff in Hong Kong, the latest moves by brokers to scale back their overseas operations.

• Deal Journal: Asia Job Cuts Grow
• Graphic: The Layoff List
• Document: Restructuring Announcement

FSA Fines Ex-Officer at J.C. Flowers

The Financial Services Authority fined former J.C. Flowers U.K. chief Ravi Sinha $4.5 million for fraud, one of the British regulator's highest-ever fines against an individual.

• Deal Journal: FSA Fines at Half of 2011 Total

Novartis CEO Looks to Mitigate Currency Risk

Currency volatility will be a fact of life for at least the next five years and companies need to prepare strategies for protecting themselves against that risk, said Novartis Chief Executive Joe Jimenez.

Groupon CEO Takes On Critics

Groupon Chief Executive Andrew Mason wants to prove his company is worth the fuss after its roller-coaster ride to an initial public offering last year.

• Video: Is Groupon Growing Up?

Carrefour Names CEO for Turnaround

Carrefour named Georges Plassat as its next chief executive and chairman, placing the burden of turning around the struggling retail giant on the third boss in four years.

• The Source: New Boss Faces Uphill Battle
• Earlier: Carrefour Courting New CEO

Avon Fires Executive

Avon fired its vice chairman, Charles Cramb, in connection with probes into possible bribery overseas and improper disclosures to Wall Street analysts in the U.S.

BofA Reshuffles Unit

Bank of America Corp. shook up its investment-banking leadership Sunday, naming Christian Meissner as the sole head of that business, said people familiar with the situation.

Citigroup Chairman Weighs Exit

Richard D. Parsons, who as chairman of Citigroup helped steer the bank through its near-death experience in the financial crisis, is considering stepping down.

New RIM Chief Plots Overhaul

RIM's newly appointed CEO said he has embarked on a wide-ranging turnaround of the BlackBerry maker's operations that involves putting founder Mike Lazaridis in a more "visionary" role.

RBS Chief Won't Take Bonus

Royal Bank of Scotland said its chief executive will waive his bonus for 2011, after a particularly fierce public and political outcry over the size and timing of the award.

• The Source: Both Sides of the Argument on Bonus
• Should Stephen Hester have forgone his bonus?

Kerkorian Preparing a Return to Movies

The CEO Bankruptcy Bonus

Carrefour Courting New CEO

Penney Says Profit Won't Suffer

3M Feels Heat Over Succession

SAP Targets Oracle

Corporate-Tax Revamp Faces Hurdle

U.K. Fines Einhorn for Trades

Fortress Chief Daniel Mudd Resigns

Peterson Institute's Bergsten to Step Down

Weather Channel Names New CEO

Stakes Rise in Canadian Railroad Fight