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A key player in implementing President Obama's health care law is stepping down in the face of Republican opposition. Don Berwick, the head of Medicare and Medicaid, was a recess appointment made by Obama after Senate Republicans had vowed to vote down his nomination.

Nokia Siemens Networks is slashing 17,000 jobs worldwide by 2013 — nearly 23 percent of its work force — as it strives to cut costs by €1 billion ($1.35 billion). The mobile infrastructure company said Wednesday the measures are part of “an extensive global restructuring program,” which includes streamlining the organization to improve long-term competitiveness and profitability.

Freddie Mac's chief executive, Charles E. "Ed" Haldeman Jr., will step down by the end of the year, the regulator of the company said on Wednesday.

National Public Radio’s Michele Norris will step away from her hosting duties as host of All Things Considered after her husband took a job with the Obama campaign.

The man who helped bring "Sesame Street" to a global audience for the past 11 years will take over as president and CEO of NPR, the public radio network announced Sunday.

President Dmitri A. Medvedev forced Aleksei L. Kudrin out of office for insubordination after the two had an icy confrontation on television.

The head of Swiss banking giant UBS Oswald J. Gruebel has resigned in the wake of a $2.3 billion loss in unauthorized trading, the bank announced Saturday.

Hewlett-Packard Co is on the verge of naming former eBay Chief Executive Meg Whitman its new CEO, replacing Leo Apotheker at the helm of the largest U.S. technology company, two sources told Reuters on Thursday.

Directors of the company were considering Meg Whitman, the former chief of eBay, to replace Léo Apotheker, sources said.

Morgan Stanley’s chairman John Mack will step down as chairman and leave the board of directors at the end of 2011. The widely expected move brings an end to a storied Wall Street career for Mack. The North Carolina native was CEO of Morgan Stanley from 2005 to 2009. Current CEO James Gorman will take over the chairman’s role.