More From IBT Staff Reporter
Novel ideas surface for U.S. banks' executive pay
As the Obama administration looks for ways to reform executive pay in the banking industry, novel ideas are surfacing on how to move away from stock options as a key component of compensation.
May 24, 2009
Obama walks tightrope on climate change
U.S. President Barack Obama is walking a tightrope on climate change -- and so far appears to be achieving a delicate balance.
May 24, 2009
Magna, Fiat improve bids as Opel battle heats up
Magna International and Fiat have improved their offers for General Motors unit Opel ahead of a crucial week in which the German government is expected to decide which bid to back.
May 24, 2009
G8 energy leaders urge stable oil prices
Consumer nations on Sunday urged producers to keep oil prices stable or risk derailing a fragile global economic recovery, as top exporter Saudi Arabia forecast prices eventually moving toward $75 a barrel.
May 24, 2009
Indie filmmakers in Cannes still dreaming of 3-D
When rock band U2 played at the Grand Palais of the Cannes film festival in 2007 to trumpet their new three-dimensional concert movie, backers of modern 3-D films hailed the coming of a new era in movies.
May 24, 2009
U.N.'s Ban urges business to back climate policies
Industry should play its part in the fight against climate change by persuading governments to aid carbon cuts rather than lobbying against them, the U.N. Secretary-General told a business conference on Sunday.
May 24, 2009
Business leaders to call for clear climate policies
Industry should play its part in the fight against climate change by persuading governments to boost carbon cuts rather than lobbying against them, the U.N. Secretary-General told a business conference.
May 24, 2009
G8 energy leaders press for oil price stability
Energy leaders on Sunday debated what oil price would spur investment in the sector without hurting a wider global economic recovery, as top producer Saudi Arabia forecast prices eventually moving toward $75 a barrel.
May 24, 2009
Internet star Susan Boyle back on UK talent show
Internet sensation Susan Boyle, whose performance on Britain's Got Talent last month has been watched on YouTube by tens of millions of people and made her a global celebrity, returns to the competition on Sunday.
May 24, 2009
UBS free to set bonuses this year: report
Swiss bank UBS is free to set whatever bonuses it likes this year, in contrast to 2008 when it needed government approval for variable pay because of a rescue package, Swiss weekly Sonntag reported on Sunday.
May 24, 2009
Rates likely to stay low for some time: Fed's Kohn
The Federal Reserve is likely to keep benchmark interest rates near zero for a while in an economy that is pulling out of a steep decline and appears on course for a very gradual recovery, Fed Vice Chairman Donald Kohn said on Saturday.
May 24, 2009
Rates likely to stay low: Fed's Kohn
The Federal Reserve is likely to keep benchmark interest rates near zero for a while in an economy that is pulling out of a steep decline and appears on course for a very gradual recovery, Fed Vice Chairman Donald Kohn said on Saturday.
May 24, 2009
Mongolians cast ballots with mining wealth in sight
From remote grasslands to the heart of the capital, Mongolians cast their ballots on Sunday to elect a new president residents and investors hope will facilitate the country's efforts to tap its vast mineral wealth.
May 24, 2009
Fed's Kohn says rates likely to stay low for some time
The Federal Reserve is likely to keep benchmark interest rates near zero for a while in an economy that is pulling out of a steep decline and appears on course for a very gradual recovery, Fed Vice Chairman Donald Kohn said on Saturday.
May 24, 2009
Ecuador says mining, oil must be in state hands
Ecuador's President Rafael Correa said on Saturday that key sectors of the economy, including oil and mines, must be in government hands.
May 24, 2009
Mongolians vote with mining deals in the balance
On horseback, motorbike and foot, Mongolians headed to the polls Sunday to elect a new president whom residents and investors alike hope will facilitate the windswept country's efforts to tap its vast mineral wealth.
May 23, 2009
Fiat improved Opel bid, others may too: German economy minister
German Economy Minister Karl-Theodor zu Guttenberg said Fiat had improved its bid for General Motors' Opel unit and said other bidders may be willing to sweeten their offers as well.
May 23, 2009
Magna seeks added German government help for Opel: report
Magna is seeking further multi-billion euro German government support if it takes over General Motors' Opel unit, German magazine Der Spiegel reported on Saturday.
May 23, 2009
New Jersey seeks laid-off traders to teach math
When Scott Brooks got laid off by American Express in February he decided to turn his back on finance and revive a dream he gave up on many years ago -- to become a math teacher.
May 22, 2009
Vacations are the new work headache
One sign of the tough economic times is that the very thought of taking a vacation has become stressful, according to a recent survey.
May 22, 2009
Beyond BlackBerry, high-tech execs shun gadgets
You'd think the leaders of the world's biggest and coolest tech companies would be total gadget freaks, 'tricorder'-carrying whiz kids sporting the latest doodads months before the masses. Think again.
May 22, 2009
U.S. retailers running out of room to cut costs
U.S. retailers, which have banked heavily on cost cuts to guard margins in the recession, may be running out of ways to trim expenses further -- putting future profits in jeopardy, unless consumers open their wallets soon.
May 22, 2009
Judge expands Bratz injunction, lifts receivership
A federal judge ended a temporary receivership of MGA Entertainment Inc in a copyright infringement lawsuit over its Bratz doll business but broadened the list of products and know-how MGA must turn over to Mattel Inc , which won the franchise in a 2008 trial.
May 22, 2009
Russian group mulls Facebook investment: report
A Russian Internet group, Digital Sky Technologies, has offered to invest $200 million in Facebook in a deal that would value the social networking site at $10 billion, the Wall Street Journal reported on Friday.
May 22, 2009
GM borrows $4 billion more, prepares for bankruptcy
General Motors Corp on Friday borrowed another $4 billion from the U.S. Treasury and won a cost-cutting deal from Canadian auto workers as a showdown with bondholders set the stage for a bankruptcy filing by the end of the month.
May 22, 2009
GM prepares for bankruptcy
General Motors Corp won a cost-cutting deal from its Canadian labor union on Friday, part of a package of concessions the automaker is expected to take into a federal bankruptcy court by the end of this month in a showdown with its bondholders.
May 22, 2009
U.S. sets aside $1 billion for flu vaccine trials, production
The U.S. government will set aside about $1 billion in existing funds for developing a vaccine for the H1N1 flu, a virus from swine origin, according to Health and Human Services Secretary Kathleen Sebelius.
May 22, 2009
Fuel cell vehicles tour kicks off amid industry uncertainty
With the slogan 28 cities, 2 countries nine days a hydrogen vehicle tour will kick off in the West Coast next week.
May 22, 2009
U.S. refiners condemn Waxman-Markey bill as abject policy failure
The U.S. oil refining industry on Friday blasted the Waxman-Markey climate bill which passed yesterday evening in Congress, saying it would increase imports of crude and refined products thus impeding national energy security.
May 22, 2009
World economy out of free fall
The world grouping OECD said on Friday the global economy was out of free fall, offering hope of recovery late this year, but investors focused on risks to the U.S. credit rating from rising government debt.
May 22, 2009
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