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Robert Kidder, a private-equity investor and former consultant for Ford Motor Company will become the chairman of Chrysler Group once the automaker emerges from bankruptcy and completes a merger with Italy's Fiat, the company said Wednesday.┬á Kidder, was also the chief executive of battery maker Duracell, and also serves as the lead director of Morgan Stanley and a board member at Schering Plough Corp.┬á He will succeed Chrysler's Bob Nardelli, who is stepping down as the bankrupt automaker's chairman and chief executive.┬á Sergio Marchionne, FiatÔÇÖs chief executive, i

Vodafone Group Plc, the worldÔÇÖs biggest mobile-phone company, may expand in Africa, including through acquisitions, using Vodacom Group Ltd. as its gateway to the continent┬á Vodafone manages Johannesburg-based Vodacom, and will involve itself in AfricaÔÇÖs market consolidation as prices of acquisition targets fall, Pieter Uys, the CEO of the South African company, said in an interview on Tuesday.

Bank of America Corp, the biggest US bank by assets, raised about $13.5 billion by selling new shares after US regulators determined it needed more cash to weather the economic condition.   The Charlotte, North Carolina- bases company issued 1.25 billion shares at around $10.77 each, according to a statement yesterday, and plans to boost common equity capital by $17 billion through the sale of stock and converting preferred shares mostly held by institutional investors, chief executive officer Kenneth Lewis said earlier this month.