Cincinnati transplant as of 2013 covering breaking local and business news for cincinnati.com and the Cincinnati Enquirer. I've been a journalist for since 2000 if we're counting high school and college, but I've been working as a full-time professional since 2008. I'm a Detroit native, Wayne Sta...
Canadian Imperial Bank of Commerce reported a stronger profit in its latest quarter as lowering its provision for credit losses helped its bottom line. Toronto-based CIBC said Thursday its net income rose 12% from a year ago to C$1.05 billion ($780.8 million), or C$2.59 a share. Excluding items, CIBC earned C$2.64 a share, compared with C$2.40 a share a year ago. In its second quarter, CIBC's revenue rose 1.8% to C$3.7 billion ($2.75 billion).
Alexion Pharmaceuticals Inc.'s new chief executive is reshaping the top ranks of the organization following an internal investigation into sales practices prompted by a former employee. Ludwig Hantson, who was named Alexion's chief executive in March, will have a new chief financial officer because Dave Anderson, who joined the company in December after more than a decade as CFO at Honeywell International Inc., plans to leave in August.
CBS Corp. said Monday it reached a two-year contract extension with Chief Executive Leslie Moonves, who is now expected to stay with the media company through June 30, 2021. Mr. Moonves’s annual salary remains at its current level of $3.5 million. Contract provisions regarding annual bonus payments and other long-term incentives aren’t changing with the extension. Once his term as chief executive expires, Mr. Moonves, 67...