BARACK OBAMA

Banks agree that compensation for top executives contributed to the financial crisis and are trying to realign pay based on performance and long-term shareholder interests, an international bank lobby group said on Monday.

President Barack Obama said on Monday said the U.S. cannot let its auto industry vanish, but didn’t rule out pain ahead for creditors, unions and other group affiliated with General Motors Corp, and Chrysler.

President Barack Obama seized the wheel of the failing U.S. auto industry on Monday, forcing out General Motors Corp's chief executive, pushing Chrysler LLC toward a merger and threatening bankruptcy for both.

U.S. President Barack Obama's administration promised to push for a new United Nations climate treaty on Sunday but said Washington had no magic wand and that all countries had to help.

President Barack Obama said on Sunday he told the chiefs of the biggest U.S. banks that bonuses are not acceptable while many Americans struggle to meet basic expenses in the midst of a severe recession.

General Motors Corp, whose chief executive was forced out by the Obama administration on Sunday, and Chrysler LLC will each be given capital and time to accelerate their attempts to restructure and survive, according to a government aid plan set for release on Monday.

Center-left world leaders including Britain's Gordon Brown and Brazil's Luiz Inacio Lula da Silva on Saturday called for global financial reforms at next week's G20 summit, but the U.S. warned against over-regulation.

The U.S. banking system showed some signs of thawing this week, but it may prove to be a false spring.

He promised a grand bargain but British Prime Minister Gordon Brown's hopes of an overarching deal to pull the world out of recession look doomed even before the G20 crisis summit has started.

President Barack Obama will announce the next steps to help General Motors Corp and Chrysler LLC on Monday, the White House said, amid signs of progress for GM in talks aimed at slashing its debt and cutting costs in response to slack demand.

President Barack Obama won support from top bankers on Friday for his efforts to rid financial institutions of bad debts, but differences remained over broader U.S. plans for the financial industry.

Wall Street capped a strong week on a down note on Friday as investors booked profits in the wake of the recent upward surge and bank shares dropped after bank executives indicated March had been a tougher month for the industry than the previous two.

President Barack Obama will announce the next steps to help General Motors Corp and Chrysler LLC on Monday, the White House said, amid signs of progress for GM in talks aimed at slashing its debt and cutting costs in response to slack demand.

U.S. stocks slid on Friday as investors booked profits in the wake of a recent surge, and bank shares dropped after several bank executives indicated March had been a tougher month than the previous two.

Technology companies like Sybase and VeriSign are looking to tap robust growth in the nascent U.S. mobile banking market as text message use rises and banks aggressively explore ways to save.

Stocks slipped on Friday as investors took profits following a recent surge, and energy shares drooped along with the price of oil.

U.S. stocks fell on Friday as investors booked profits following a recent rapid surge, while the energy sector dropped along with the price of oil.

Japan on Friday ordered its military to prepare to intercept any dangerous debris that might fall on its territory if a rocket launch planned by North Korea goes wrong.

President Barack Obama will quiz top U.S. bankers on Friday about developments in the economy and their businesses as his administration seeks broader authority to regulate the financial system.

Wall Street was set for a lower open on Friday as investors assessed the strength of a recent surge that has March on track to see the biggest monthly percentage gain since 1974.

Japan slipped to the brink of deflation and inflation in Europe slid closer to zero, underlining a threat to the world economy before next week's G20 summit which is supposed to produce a cure for the crisis.