business - "announced"

Shares of General Motors Corp (NYSE: GM) closed lower on Friday, August 1, after all of the big U.S. auto companies, General Motors Corp., Ford Motor Co. and Chrysler LLC, announced double digit sales declines.

F. William McNabb III will succeed John J. Brennan as CEO of The Vanguard Group on Aug. 31. When the transition plan was announced in February, the mutual fund company said McNabb would succeed Brennan some time before March 2009 after a transition period.

Investors run despite $1bn share buyback promiseSun promised to buy back $1bn worth of shares from stockholders today as it announced static revenues and a slump in fourth quarter profits..

John Hancock Tax-Advantaged Dividend Income Fund announced today that the Fund will increase its monthly distribution rate to $0.14, up from $0.125, effective with the Fund's next distribution payment on August 29, 2008 payable to holders of record on August 13, 2008.

ROCKVILLE, Md.----Catalyst Rx, the pharmacy benefit management subsidiary of HealthExtras, Inc. , announced today that it was selected by AvMed Health Plans to provide pharmacy benefit management services.

Media Center » Video Immigration NewsUnited States Citizenship and Immigration Services (USCIS) announced on 30 July 2008 that it has received enough applications to meet the H-2B cap of 33,000 visas for fiscal year 2009....

PARSIPPANY, NJ (MARKET WIRE) Avis Budget Group, Inc. (NYSE: CAR) announced today that it plans to report its second quarter 2008 results after the market close on August 6, 2008 and host a conference call to discuss such results on August 7, 2008 at 9:00 a.m. Eastern time.

DAYTONA BEACH, FL and TAMPA, FL (MARKET WIRE) Michael A. Paschke, Regional Executive Vice President of Brown & Brown, Inc. (NYSE: BRO), and Fullerton & Company, Inc., of Portland, Oregon, today announced the stock acquisition of Fullerton & Company, Inc. by Brown & Brown, Inc.

It's official: Vanguard has named William McNabb as its next leader. Today Vanguard's board of directors elected McNabb as CEO. He will handle day-to-day operations at the mutual fund giant, effective August 31. Vanguard announced the transition plan back in February for McNabb to succeed John Brennan--the folks at Vanguard call him 'Jack'--who has served as Vanguard CEO since 1996. Brennan remains chairman.Dan Wiener, editor of the Independent Advisor for Vanguard Investors, doesn't expect big changes. He told the Nightly Business Report: 'I think that McNabb is going to continue on the path that Brennan set. Brennan more than quadrupled assets under management, and he was behind the big move into exchange-traded funds which has been very successful.'Back in 2005, right after I joined BusinessWeek, I wrote a profile of Vanguard. The piece focused on Vanguard's ability to steer clear of the mutual fund trading scandals. It also highlighted some of the key differences between Bren

Florida-based Brown & Brown Inc. announced the stock acquisition of and Fullerton & Company Inc., of Portland, Ore.Fullerton & Company has annualized revenues of approximately $9.3 million, the an