American International Group Inc strongly objected last year when U.S. pay czar Kenneth Feinberg imposed large cuts in the cash salaries of two of its top executives, regulatory filings showed on Monday.
BEIJING, April 13 (Reuters) - Chinese President Hu Jintao told U.S. President Barack Obama that Beijing would firmly stick to its own path for reforming the yuan's exchange rate, focusing on China's economic and social development needs.
Internet retailer Amazon.com won approval on Monday to build a distribution center in Canada, despite complaints from Canadian booksellers that it would damage the country's culture.
Six months after Merrill Lynch veteran Bob McCann came on board to revive the U.S. wealth management business of UBS, the Swiss bank's investors were reminded that a full recovery is still a ways away.
On March 17, 2009, a group of mortgage bond investors worried about the losses they could suffer as a result of U.S. foreclosure prevention plans asked top bankers to share the pain by taking some write-downs on $450 billion in home equity loans.
Lowe's Companies Inc said on Monday that it will sell $1 billion of debt in two parts and will use slightly more than half of the net proceeds to pay off notes coming due in June.
Pimco will not be buying new Greek debt as it believes a euro zone rescue package fails to tackle the country's longer-term solvency challenges, the chief executive of the bond fund told Reuters.
Taking advantage of easy credit, highly rated U.S. companies are loading up on debt to expand and acquire rivals, sacrificing ratings in the process, Standard & Poor's said on Monday.
WHAT: U.S. March retail sales reportWHEN: Wednesday, April 14 at 8:30 a.m. ET
The Obama administration vowed on Monday to push for even tougher financial regulation reform, as legislation heads for the Senate floor as soon as next week.
U.S. exports to Arab countries in the Middle East and North Africa are forecast to grow almost 20 percent this year to a record $75 billion, fueled by big infrastructure projects and resurgent consumer demand, according to a new private sector report.
General Motors Co expects to report solid operating results for the first quarter, which will show progress toward its goal of returning to profitability in 2010, Chief Executive Ed Whitacre said on Monday.
Gold has the dubious distinction of abetting crimes across the globe. And, this time the yellow metal has done something which the world has never seen or heard till now. It is worse than 9/11 or 26/11 terror strikes on World Trade Center and Mumbai respectively. You must be wondering where did such a big crime occurred. Because, this terrorism is a bloodless one. Here, only gold and dollars are involved - that too in trillions. The new crime is called financial terrorism. And if you dare to ex...
U.S. stocks rose on Monday as expectations of solid first-quarter earnings spurred buying in financial, energy and industrial sectors, while news of an aid plan for Greece calmed worries about sovereign risk.
General Motors Co expects to report solid operating results for the first quarter, which will show progress toward its goal of returning to profitability in 2010, Chief Executive Ed Whitacre said on Monday.
U.S. stocks advanced on Monday after European leaders agreed to an emergency aid plan for Greece and ahead of quarterly results from Alcoa Inc, which marks the unofficial start to earnings season.
Peugeot is likely to be next in the sector to look at a merger, the head of Fiat, which has in the past been seen as a possible partner for the French carmaker, said on Monday.
(Reuters) - Deaths of women in and around childbirth have gone down by an average of 35 percent globally, according to a study using new methods, but are surprisingly high in the United States, Canada and Norway.
The prominent economists who determine the dates when U.S. recessions begin and end have yet to agree on what seems to be a foregone conclusion on Wall Street: the recession is over.
The global space business grew to $261.6 billion in 2009, expanding 7 percent from 2008 and 40 percent over the past five years at a time when other industries were slammed by recession, according to a report released Monday by the nonprofit Space Foundation.
(Reuters) - The World Health Organization conceded shortcomings on Monday in its handling of the H1N1 swine flu pandemic, including a failure to communicate uncertainties about the new virus as it swept around the globe.
The pace of Chinese bank lending slowed in March, marking an initial victory by Beijing in its campaign to stop the world's third-largest economy from bubbling over.
