IBT Staff Reporter

116401-116430 (out of 154943)

Treasury says AIG should lower retention payments

The U.S. Treasury Department is pushing American International Group to cut big pay incentives it claims were needed to retain staff, but which have stoked a controversy over pay at taxpayer-supported firms.

Ex-Bear trial jury chosen, some ousted for bias

Two prospective jurors who wrote comments about wrongdoing and bending the rules on Wall Street were rejected by a U.S. judge on Tuesday for the trial of two former Bear Stearns Cos hedge fund managers on fraud charges.

Dollar hits 14-month low, but gold and oil gain

The U.S. dollar slipped to a 14-month low on Tuesday, pushing gold to a record peak and helping lift oil to a seven-week high on worries that U.S. interest rates would remain at rock-bottom lows for some time.

Gold hits record high as dollar weakens

Gold prices hit a record high in choppy trade on Tuesday, and silver, platinum, palladium and rhodium rallied to multi-month peaks, as the dollar's slide to its lowest level since August 2008 against the euro fueled buying of precious metals.

US says AIG should lower retention payments

The U.S. Treasury Department is pushing American International Group to cut big pay incentives it claims were needed to keep staff but which have stoked a controversy over pay at taxpayer-supported firms.

Daily Wrap Up - Oct 13 (Tech)

Intel reported what it called the strongest second-to-third-quarter growth in 30 years of business. However, compared to the same period a year ago, revenue and profits dropped

Daily Commentary - 14/10/2009

A softer than expected result in the NAB business confidence survey did little to curb enthusiasm for the Aussie dollar in Asia yesterday as it held on to intraday support at 0.9050. During the offshore session the AUD momentarily jumped above the 91 cent mark following a rally in the Euro only to pull back to exchange at 0.9050 this morning ahead of the release of Westpac's Consumer Confidence survey.

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