Dillard's rebuffs shareholder group; stock tumbles

(Reuters) - CHICAGO, Aug 3 - A firm representing investors who hold 3.7 percent of Dillard's Inc's outstanding stock said on Friday it was rebuffed in its attempt to meet with the company's CEO, sending shares of the department store owner down 5 percent.



Barington Capital Group L.P. said its request to meet with Chairman and Chief Executive William Dillard II was met with an offer of a meeting with the company's investor relations director instead.


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ADP shares attractive for buybacks now-CEO

(Reuters) - NEW YORK, July 31 - Automatic Data Processing Inc. sees shares at their current price as attractive for buybacks, the company's chief executive told Reuters on Tuesday.



ADP prefers to buy shares over time instead of in big blocks, said CEO Gary Butler. "But at the current levels, I think you would continue to see ADP very active in terms of share repurchase," Butler said. ADP bought back 22 million shares in its fiscal fourth quarter, about half the shares it bought for the fiscal year.


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UPDATE 1-Ex-Impregilo CEO named in insider trading case

(Reuters) - NEW YORK, July 26 - U.S. regulators on Thursday
charged the former chief executive of an Italian construction
company and his wife with insider trading in Elsag Bailey
Process Automation NV just days before a cash offer for the
company was announced in 1998.




The U.S. Securities and Exchange Commission accused Alberto
Lina, the former CEO of Italian construction company Impregilo
IPGI.MI>, and his wife, Serenella Lina, of illegal insider
trading in shares of Elsag, a Dutch company then traded in New
York, ahead of the announced $2.1 billion cash offer for the
company by Swedish-Swiss electrical engineering group ABB Asea
Brown Boveri Ltd., now known as ABB .


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Nigeria's Intercontinental Bank eyes acquisitions

(Reuters) - Nigeria's largest bank by capital, Intercontinental Bank Plc, may consider buying a smaller institution as long as a deal helps achieve its growth objectives, its chief executive told Reuters.

"The bank is not averse to acquiring other smaller banks, but this will be done in deference to our own growth objectives," CEO Erastus Akingbola said.


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Being German may be key to Continental getting VDO

(Reuters) - A deal would transform the German car parts group, eclipsing
its 1998 Teves purchase that helped turn the world's No. 4
tyremaker into a leading high-margin electronic brakes supplier.
All Wennemer has to do is persuade Peter Loescher, the new
Siemens CEO, to abandon plans to float VDO and bury any thought
of a sale to TRW Automotive Holdings and its owner, The
Blackstone Group , for a reported 12 billion euros.




But first Wennemer may need to change his spots.


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Rosetta Resources says CEO Berilgen resigns

(Reuters) - Berilgen has agreed to assist the company in connection with matters involving Calpine, the company said.




The company named Executive Vice President Charles Chambers as acting president and CEO.


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Danone sees more revenue than cost benefit with Numico

(Reuters) - Numico Chief Executive Jan Bennink said he planned to resign after the deal closed.




"Once you have been CEO it is quite hard not to be CEO...Two captains on the same ship is probably not ideal so we came to an agreement that on the deal's closure I will probably step down," Bennink said in the conference call.


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Apple IPhone, Must-Have for Technophiles, May Be Tougher Sell for Parents

(Bloomberg) -- Yahoo! Inc. Chief Executive Officer
Jerry Yang wants an iPhone. Salesforce.com CEO Marc Benioff
plans to trade in his Motorola Inc. Razr for one. Chuck Jones
not only doesn't want one, he also isn't about to spend $1,000
or more to get iPhones for his two daughters.

While technophiles clamor for Apple Inc.'s combination
mobile phone and music player, some regular consumers like Jones
are less enthusiastic. The iPhone is pricier than rivals, lacks
the keyboard used by text messagers and works only on an AT&T
Inc. network. Parents also may balk at the $200 penalty to
switch wireless carriers, no matter how much their kids beg.


Read more at Bloomberg Exclusive News

Aveng says CEO to retire in 2008

(Reuters) - South African construction and engineering firm Aveng on Friday said chief executive officer, Carl Grim, would retire in 2008.

Aveng said a process to select a replacement for Grim -- who has been CEO since the company's formation in 1998 -- from either inside or outside the group had been initiated.


Read more at Reuters Africa

Apple's IPhone, Must-Have for Technopiles, May Be Tougher Sell for Parents

(Bloomberg) -- Yahoo! Inc. Chief Executive Officer
Jerry Yang wants an iPhone. Salesforce.com CEO Marc Benioff
plans to trade in his Motorola Inc. Razr for one. Chuck Jones
not only doesn't want one, he also isn't about to spend $1,000
or more to get iPhones for his two daughters.

While technophiles clamor for Apple Inc.'s combination
mobile phone and music player, some regular consumers like Jones
are less enthusiastic. The iPhone is pricier than rivals, lacks
the keyboard used by text messagers and works only on an AT&T
Inc. network. Parents also may balk at the $200 penalty to
switch wireless carriers, no matter how much their kids beg.


Read more at Bloomberg Exclusive News

Carlyle cuts IPO price due to market "headwinds"

(Reuters) - "We have priced the deal at $19 a share. Originally, it was $20-$22," CEO John Stomber told Reuters in an interview.




Stomber said the volume of the IPO had been cut to $300 million from $400 million. The issue would be postponed but the new date was unclear.


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UK's Jaeger happy to go it alone as sales surge

(Reuters) - High-end and luxury retailers boasting iconic brands have
attracted private equity investors looking to expand their
operations in emerging economies such as China and Russia, where
demand for designer clothes and accessories is booming.




CEO Belinda Earl, formerly head of department store group
Debenhams before its private equity buyout, said there
were "always the speculative calls" at Jaeger but that they had
never reached a stage at which money was discussed.


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Humana to buy dental and vision benefits provider

(Reuters) - Atlanta-based CompBenefits provides dental and vision benefit plans to more than 4.8 million members, Humana said.



"When combined with our current HumanaDental business unit, this acquisition will give Humana the type of comprehensive integrated product offering that employers are seeking," Humana CEO Mike McCallister said in a statement.


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Fiat May Find Ferrari-Sized Performance for Shareholders With `500' Sales

(Bloomberg) -- Fiat SpA's Chief Executive Officer
Sergio Marchionne cut costs and overhauled management since
becoming CEO in 2004, ending losses of more than $2 billion a
year and tripling the carmaker's share value.

His next challenge is to catch up with rival European
automakers Volkswagen AG and Renault SA. He's banking on bringing
back a 1950s-era Italian ``people's car'' -- revamped by the man
responsible for Ferrari's F430 -- to help drive earnings and
shares even higher.


Read more at Bloomberg Exclusive News