Vice Chairman

Chung Sung-eun, vice chairman and chief executive of South Korea's Kia Motors, has resigned following the recall of some 100,000 cars worldwide for a wiring defect.

Janet Yellen, the president of the San Francisco Fed, is expected to be nominated as the new vice chairman of the Federal Reserve as early as today. Yellen, a strong supporter of Chairman Ben Bernanke's monetary policies, would replace Donald Kohn, who will retire in June.