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Deven Sharma steps down as President of Standard & Poor's

Deven Sharma, president of of ratings agency Standard & Poor's(S&P) is to step down from his role. S&P was widely criticised by President Barack Obama for downgrading U.S. debt from AAA to AA+, the first debt downgrade in U.S. history. S&P today announced that Douglas Peterson (53), currently chief operating officer of Citibank N.A., will become president of Standard & Poor's from September 12, 2011.

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Amar Bose donates majority of his company stock to MIT

Dr. Amar Bose, Founder of stereo loudspeaker manufacturer Bose Corporation, has given his alma mater Massachusetts Institute of Technology (MIT) the majority of the stock in his company. Bose Corporation has a turnover of $2 billion-a-year and his net worth is estimated to be $1.0 billion.

USA/CANADA BUSINESS NEWS 2011

Deven Sharma steps down as President of Standard & Poor's (08/11)
Amar Bose donates majority of his company stock to MIT (04/11)
TiECon Greater New York 2011 (03/11)

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