After Viniar leaves the post, he will join Goldman's board as a non-independent director.

Schwartz served most recently as the global co-head of Goldman' securities division. He joined the firm as a vice president in 1997, became a managing director in 1999, and was named partner in 2002.


Microsoft hikes dividend by 15 percent to 23 cents per share

REDMOND, Wash. (AP) â¿¿ Microsoft Corp. is increasing its quarterly dividend by 15 percent.

The Redmond, Wash.-based software company said Tuesday that it will pay a dividend of 23 cents per share on Dec. 13 to shareholders of record as of Nov. 15.

That is up from its prior-quarter dividend of 20 cents.

Microsoft also said that long-time board member Raymond Gilmartin will retire. The 71-year old former CEO of Merck & Co. has been on Microsoft's board for 11 years. Gilmartin said he is reducing his professional commitments to have more personal time.


By The Associated Press(equals)

The Dow Jones industrial average rose 11.54 points to 13,564.64. The S&P 500 index fell 1.87 points to close at 1,459.32. The Nasdaq closed down 0.87 point at 3,177.80.

Benchmark crude closed down $1.33 to $95.29 in New York, a drop of 1.4 percent. Brent crude dropped $1.76 to $112.03 a barrel in London.

Wholesale gasoline fell 4.43 cents to finish at $2.899 per gallon. Heating oil slipped 3.63 cents to end at $3.1271 per gallon. Natural gas lost 9.2 cents to finish at $2.773 per 1,000 cubic feet.

Copyright 2011 Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

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