Contreras-Sweet says entrepreneurs are the difference-makers in the U.S. economy and that SBA plays a pivotal role in helping them overcome hurdles.
Ford CEO Alan Mulally's compensation rose 11 percent to $23.2 million in 2013, as the company reported record profits in North America and Asia.
Google paid co-founders Larry Page and Sergey Brin their customary $1 salaries last year while Executive Chairman Eric Schmidt's compensation more than doubled to $19.3 million.
Frank Fischer, who has headed Volkswagen's only U.S. plant in Chattanooga since its construction, is leaving to manage the automaker's factory in Emden, Germany.
The ashes of George Eastman, founder of Eastman Kodak, are buried under a memorial located on what is now the Eastman Business Park.
Barra stopped short of saying the company would compensate families of those killed in crashes, but said GM would do what's right for its customers after it completes an internal investigation.
General Motors has named a 40-year engineer as its new safety chief, placing a single person in charge of recalls and other safety issues as it deals with a huge compact car recall that has damaged the company's reputation.
General Electric CEO Jeffrey Immelt's compensation fell 7 percent last year to $19.2 million primarily because of a big drop in his long-term pay.
CIOs from companies in all walks of business are using the Target breach as a rallying point to call attention to their struggle and garner additional funds and manpower to fight digital threats.
Apple's longtime Chief Financial Officer Peter Oppenheimer will retire in September and he'll be replaced by the company's corporate controller.
New CEO Satya Nadella announced the news in a blog post Monday. It's his first big move since he took over from outgoing CEO Steve Ballmer last month.
Microsoft co-founder Bill Gates is back on top of the list of the world's richest people after a four-year hiatus.
A new executive will lead Honda's operations in Alabama. Honda Manufacturing of Alabama says Jeff Tomko will take over as company president on April 1. Tomko is replacing Tom Shoupe, who becoming executive vice president and chief operations officer of Honda of America Manufacturing Inc.
Longtime Coca-Cola Chief Financial Officer Gary Fayard will retire in May as the company ramps up its cost-cutting efforts. Succeeding Fayard is Kathy Waller, currently vice president, finance and controller.
New General Motors CEO Mary Barra will get a pay package worth $14.4 million this year, 58 percent more than her male predecessor, the company said Monday. GM released the figure to counter reports that said Barra, the first woman to lead a major automaker, would be paid less than former Chairman and CEO Dan Akerson.
The company said in a regulatory filing that David Bonderman won't seek election at the company's annual meeting. Krebs plans to retire. Both were appointed to the board by the U.S. government in July of 2009, shortly after GM left bankruptcy protection.
Microsoft has named the head of its cloud computing business as the company's next CEO, tapping a longtime insider to lead efforts to catch rivals in mobile devices and offer more software and services over the Internet. Satya Nadella replaces Steve Ballmer immediately to become only the third chief executive in Microsoft's 38-year history.
IBM CEO Virginia Rometty and the rest of her senior management team are relinquishing their 2013 bonuses as penance for the technology company's lackluster performance last year. The decision will result in a substantial pay cut for the affected executives, whose annual bonuses often exceed their salaries.
Eric Lawson, who portrayed the rugged Marlboro man in cigarette ads during the late 1970s, has died. He was 72. Lawson died Jan. 10 at his home in San Luis Obispo of respiratory failure due to chronic obstructive pulmonary disease, or COPD, his wife, Susan Lawson said Sunday.
Thai police say the deadly fall from a luxury hotel room of a British executive at India's automotive giant Tata Motors may have been a suicide. Managing Director Karl Slym died Sunday while in Bangkok to attend a board meeting of the company's Thai affiliate.
Among her priorities is making GM's brand messages clear and consistent worldwide. New vehicles like the Cadillac ATS sedan — which goes on sale in China this year — can help Cadillac become a global luxury brand. Chevrolet needs to show that it provides a lot of value to buyers.
Activist investor Nelson Peltz is no longer pushing for a deal between PepsiCo and Mondelez, after Mondelez on Tuesday named him to its board. Mondelez, which makes Oreo and Chips Ahoy cookies, says the appointment expands its board to 12 members and that Peltz will be among its nominees for election at its shareholders meeting.
General Motors Co. says new CEO Mary Barra will get a base salary of $1.6 million per year as she takes over the global automaker. GM said in a filing on Friday that Barra will also be eligible for $2.8 million in short-term incentives. Her pay would climb further if GM shareholders approve a new long-term incentive plan at their next annual meeting.
In his final public appearance as chairman of the Federal Reserve, Ben Bernanke took a moment to reflect on the 2008 financial crisis and compared it to a very bad car crash.During an interview at the Brookings Institute, he recalls some "very intense periods" during the crisis, similar to trying to keep a car from going over a bridge after a collision.
Rounding out his Cabinet, President Barack Obama intends to nominate Maria Contreras-Sweet, the founder of a Latino-owned community bank in Los Angeles and a former California cabinet secretary, to be head of the Small Business Administration.