| Treasury to name pay czar on Wednesday The administration will also call for "say-on-pay" legislation that would give the Securities and Exchange Commission authority to require public companies to hold nonbinding shareholder votes ...[more] |
| TIMELINE: Chrysler bankruptcy and beyond Following are key developments at Chrysler since U.S. private equity firm Cerberus Capital Management bought a controlling stake in 2007: May 2007 - Germany's Daimler AG agrees to sel ...[more] |
| Fund firms head for the chop as banks eye margins ) is set to drive industry consolidation, with private equity and pure play firms alike eyeing bargains. The trend appears to be gaining ground, with the Financial Times on Wednesda ...[more] |
| U.S. trade gap widens on softening exports The Commerce Department said total exports fell 2.3 percent to $121.1 billion, the lowest level for foreign sales since mid-2006. Exports have dropped in eight of the past nine months as the ...[more] |
| Asia defense spending up despite downturn China has led the charge as countries across the vast region have poured money into their militaries to upgrade gear, add capabilities and expand their reach. Asia ranks second after ...[more] |
| U.S. mortgage demand withers as loan rates spike The swift rate rise crimps affordability, likely cutting offer prices on home sales and prolonging a housing turnaround. Borrowing costs have soared as bond yields have risen, even as ...[more] |
| Five facts about P&G's Robert McDonald ) named Robert McDonald as its new chief executive on Wednesday, replacing A.G. Lafley, who has held the post for nine years. Here are five facts about McDonald. * Robert Mc ...[more] |
| P&G names McDonald CEO, Lafley keeps chairman role ) said on Wednesday that Robert McDonald would become its next chief executive, while A.G. Lafley remains chairman as the world's largest consumer products maker navigates through the global downtu ...[more] |
| INSTANT VIEW: Trade gap rises as exports fall KEY POINTS: * The U.S. trade gap widened to $29.2 billion in April as exports weakened again in a reflection of waning global demand, a U.S. government report on Wednesday showed. * The Comme ...[more] |
| Fiat to close Chrysler deal, shares rise Fiat shares traded 4.1 percent higher at 7.79 euros at 5:45 a.m. -- twice the rise in the DJ Stoxx auto sector -- following news that the U.S. Supreme Court had removed the final obstacle to ...[more] |
| Judge OKs Chrysler's bid to cut U.S. dealers Judge Arthur Gonzalez said his order, which allows Chrysler to reject 789 dealer contracts, was effective immediately. "No dealer wants to be rejected. We understand that," Chrysler l ...[more] |
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