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Google Reader is headed to the tech graveyard, with Google announcing that it will shut down the RSS service on July 1. The justification is that Google wants to continue its path to put more resources into fewer products — or, as Larry Page put it in 2011 “more wood behind fewer arrows.”

The new head of UBS's investment bank Andrea Orcel received a $26m (£17m; 20m euros) "golden hello" in 2012, the bank's annual report has revealed. Mr Orcel is in the process of overhauling the investment business, with 2,000 job losses expected.

Android lead Andy Rubin will step down from his position, handing over the reins of Google’s mobile operating system to Chrome lead Sundar Pichai. Google chief executive Larry Page broke the news Wednesday in a post on the company’s official blog, saying that Rubin felt the time had come to move on — albeit within the company.

Star Wars fans have more than just Episodes 7, 8 and 9 to look forward to. Disney CEO Bob Iger said at the annual shareholders meeting in Phoenix on Wednesday that the company is developing "some standalone movies" featuring Star Wars characters.

This isn't the most remarkable business statement ever. In fact, Costco coming out in support of a higher minimum wage is one of the more unsurprising ones. For Costco already pays well above minimum wage anyway. The only people who could be hurt by the rise are Costco's competitors. Costco Wholesale Corp. President and CEO Craig Jelinek is putting his name and company in the forefront of the latest drive to increase the federal minimum wage.

Heinz CEO William Johnson is entitled to a golden parachute worth $56 million if he's fired by the company's new owners. Warren Buffet's Berkshire Hathaway and 3G Capital announced last month they were buying the ketchup maker for $23.3 billion. Pittsburgh-based Heinz disclosed Johnson's deal in a regulatory filing Monday.

The Yahoo evolution continues - this time with a few more swings of the axe.
Friday, Yahoo announced that it would be sunsetting a handful of its products in a move consistent with CEO Marissa Mayer's plan to aggressively prune the unruly conglomerate.

Andrew Mason isn’t leaving Groupon empty handed... One thing is crystal clear already: Mason has a tidy nest egg — roughly $260 million — to spend on whatever tropical island he may hit to nurse his wounds, or to splurge on the fat camp he referenced in a letter to employees.

Coca-Cola Co. gave Chairman and CEO Muhtar Kent a pay package worth $21.6 million last year, as the world's biggest beverage maker navigated shifting drinking habits in the U.S. and sold more of its drinks overseas. The compensation is up from the $21.2 million Kent received in 2011, according to an Associated Press analysis.

Struggling online deals pioneer Groupon has ousted its quirky founder and CEO Andrew Mason amid worries that people are tiring of the myriad of online restaurant, spa and Botox deals that Groupon built its business on.