Royal Dutch/Shell Group fired chairman Phil Watts and the head of the company’s core oil and gas division, Walter van de Vijver, in response to pressure from shareholders after news in January that they had overestimated oil and gas reserves.
J.P. Morgan Chase & Co. Tuesday raised $1.6 billion in a two-part debt offering, up from an originally planned $1 billion. The financial giant offered $1 billion of 5-year notes priced to yield 3.631 percent, 60 basis points more than comparable treasurys, and $600 million of 10-year notes priced to yield 4.902 percent, or 85 points more than treasurys.
Defense contractor General Dynamics Corp. said it raised its quarterly dividend by 12.5 percent, to 36 cents per share.
In a poll of 569 senior executives, 45 percent said they expect to pursue career opportunities in a new industry, according to the Association of Executive Search Consultants. “Increasingly the barriers between industries are coming down and executive skills and experience are transferable,” said Peter Felix, the association’s president, in a statement.
Impac Medical Systems Inc. announced that it is reviewing its financial statements regarding revenue recognition issues. The company, which provides information technology systems for cancer care, added that it will be delisted from Nasdaq as of March 4 because of a late filing of its quarterly report.