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AIG worried about retirement bonus plan: Greenberg

American International Group Inc had questioned for years a retirement bonus plan for top managers because it was funded by a private company at no cost to AIG and that may have violated good governance standards, AIG's former CEO Maurice Hank Greenberg testified on Thursday.

South Korea says Qualcomm licensing unfair: source

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South Korea's antitrust authorities have charged telephone maker Qualcomm Inc with unfair licensing terms, in addition to charges the company has acknowledged, a source briefed on the matter said on Thursday.
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Income tax collections drop in states: report

Personal income taxes, a key revenue generator for most U.S. states, plummeted 26 percent, or $28.8 billion, in the first four months of 2009 compared to the same period in 2008, according to a Rockefeller Institute of Government report on Thursday.
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Doh! Homer gives driving directions

Woo hoo! You have reached your destination! Homer Simpson, star character of U.S. cartoon show The Simpsons, is ready to take you where you want to go.
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Dow, S&P break 3-day slump on data, financials

The Dow and S&P 500 gained on Thursday, breaking a three-day losing streak, as data on the job market and regional manufacturing revived hopes that the recession-hit economy is stabilizing.
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Senators hit at core of Obama financial reforms

Senior U.S. lawmakers launched an assault on Thursday on the centerpiece of the Obama administration's financial reform plan -- giving the Federal Reserve new powers to police broad risks in the economy.
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Chicago Cubs talks reopen with rival bidder: sources

Talks to sell the storied Chicago Cubs baseball team have reopened with a rival bidding group, and are continuing alongside negotiations with the original Ricketts family buyers, sources familiar with the situation said on Thursday.
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Microsoft open to investing in search

Microsoft Corp is willing to invest 5 to 10 percent of its operating income in its search business for up to five years, Chief Executive Steve Ballmer said on Thursday, as its Bing search engine gains ground with Web surfers.
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U.S. 2010 healthcare costs to jump 9 pct: study

U.S. employers will see healthcare costs rise 9 percent in 2010 and they expect their workers to pay a greater share of their health plans, consultant PricewaterhouseCoopers said on Thursday.
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Ex-CEO Greenberg says AIG wanted to drop comp plan

A rift between AIG and Maurice Hank Greenberg, former head of the ailing insurer, raised questions in 2005 about a decades-old compensation plan funded by a private affiliate, Greenberg told a federal jury on Thursday.
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Fed's specter could steer GE Capital revamp

The possibility of the Federal Reserve gaining regulatory authority over General Electric Co's hefty finance arm could influence how the company restructures that business.
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Upbeat data and financials buoy Wall Street

Stocks gained on Thursday after a recent small pullback as data on the jobs market and regional manufacturing revived hopes that the recession-hit economy is stabilizing.
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Green shoots in U.S. jobs, factories and indicators

The U.S. economy sprouted more green shoots of recovery in data released on Thursday, with weekly jobs figures showing unexpected improvement and the slumping factory sector revealing dramatic signs of a rebound.
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Discover operating earnings rise

Discover Financial Services reported a smaller-than-expected quarterly operating loss as the fourth-largest U.S. credit card network cut costs and bad loans grew less than expected, sending its shares up 5.5 percent.
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Airplane makers woo suppliers at Air Show

Airplane makers plan to crank up production volumes as soon as the global economic crisis starts easing, and they are using this year's Paris Air Show to convince suppliers that they can sell as many planes as planned.
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President Obama fails to quell gay uproar

President Barack Obama's announcement Wednesday offering limited benefits to the same-sex partners of federal employees failed to quell growing anger in the gay community that gay rights issues were getting short shrift at the White House.
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Discover Financial operating earnings rise

Discover Financial Services , the fourth-largest U.S. credit card network, said quarterly earnings from continuing operations rose nearly 12 percent, helped by an antitrust settlement.
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EU to launch bank rule shake-up

European Union leaders will approve new rules to tighten bank supervision at a two-day summit which starts on Thursday and is intended to show the bloc has the economic crisis under control.
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Arms talks ahead of Obama visit constructive: Russia

Russia said on Thursday that talks with the United States on reducing vast arsenals of Cold War nuclear weapons were proceeding constructively ahead of a visit by U.S. President Barack Obama to Moscow in July.
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U.S. jobless claims rise in latest week

The number of U.S. workers filing new claims for jobless benefits rose last week but the number of people staying on the benefit rolls after collecting an initial week of aid fell for the first time since January, a government report showed on Thursday.

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