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Archive for 'business'

Some execs get ‘pity’ bonus

March 11, 2010

Maybe you missed your earnings target last year or your stock was crushed. But if you’re a corporate executive, that might not necessarily prohibit […]

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IMF Says India Can Raise Rates Gradually as ‘Conditions Ripe’

February 7, 2010

India can gradually start raising interest rates as Asia’s third-largest economy is among the first to recover after the global financial crisis, the International […]

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Japan’s Recovery Failing to Spread, BOJ’s Chief Economist Says

February 2, 2010

Japan’s economy is far from achieving self-sustained growth as the export-led recovery fails to spur spending at home, according to Kazuo Momma, the Bank […]

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Fed Proposes Selling Term Deposits to Absorb Excess Reserves

December 30, 2009

The Federal Reserve proposed a program to sell term deposits to banks to absorb some of the banking system’s $1 trillion in excess reserves […]

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Indian PM says no substitute for U.S. dollar: report

November 23, 2009

Indian Prime Minister Manmohan Singh said on Sunday there was no substitute to the U.S. dollar for replacement as the global reserve currency.
“As far […]

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CIT amends restructuring plan with bondholders

October 19, 2009

Commercial finance company CIT Group Inc and a group representing its bondholders have agreed on changes to the company’s proposed restructuring plan as it […]

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GM to sell control of Opel to Russia-backed Magna

September 11, 2009

General Motors agreed to sell a 55 percent stake in Opel to a group led by Canada’s Magna after months of fraught negotiations that […]

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NY’s Cuomo may charge BofA execs over Merrill

September 9, 2009

New York Attorney General Andrew Cuomo threatened on Tuesday to file charges accusing top Bank of America Corp executives of failing to disclose essential […]

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Stocks stage advance

August 23, 2009

Stocks rallied Thursday, with financial and technology shares spearheading the advance as a report showing surprise growth in the manufacturing sector and gains in […]

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Service sector shrinks less in June

July 9, 2009

The service sector contracted in June, but at a slower pace than in May, according to a report released Monday.
The Institute for Supply Management’s […]

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