Stocks are closing lower on news that several Federal Reserve policymakers favored cutting back on stimulus programs as early as June if the economy continues to improve.
Median CEO pay rises to $9.7 million in 2012
Christina Rexrode, Associated Press |
posted May 22nd - 1:29pm
CEO pay has been going in one direction for the past three years: up.
Stocks fall on news Fed weighed cutting stimulus
Bernard Condon, Associated Press |
posted May 22nd - 1:10pm
Stocks fell in afternoon trading Wednesday on news that several Federal Reserve policymakers in a meeting earlier this month favored cutting back on stimulus programs as early as June if the economy continued to improve.
Oil falls near $94 on small drop in supplies
The Associated Press |
posted May 22nd - 1:02pm
The price of oil fell near $94 a barrel Wednesday as the nation's oil supply fell less than expected and demand for gasoline remained weak.
AP PHOTOS: The 10 highest-paid CEOs of 2012
The Associated Press |
posted May 22nd - 12:27pm
It pays to be in TV.
Bernanke signals Fed to maintain stimulus efforts
Martin Crutsinger, Associated Press |
posted May 22nd - 12:27pm
Chairman Ben Bernanke told Congress Wednesday that the U.S. job market remains weak and that it is too soon for the Federal Reserve to slow its extraordinary stimulus programs.
Figures on government spending and debt
Associated Press |
posted 19 minutes ago
Gold slips on speculation will Fed cut stimulus
The Associated Press |
posted 20 minutes ago
Gold prices sank Wednesday as traders weighed the possibility that the Federal Reserve will start paring back its support for the economy in the coming months.
On top of big salaries, companies pile on perks
Christina Rexrode, Associated Press |
posted 43 minutes ago
Wynn Resorts kept a suite open all year at its tony Las Vegas hotel and casino for founder and CEO Steve Wynn, at a cost of nearly $452,000.
Wal-Mart hires Hill & Knowlton executive
Anne D'innocenzio, Associated Press |
posted 49 minutes ago
Wal-Mart Stores Inc. named Dan Bartlett, most recently president and CEO of the U.S. arm of global business advisory firm Hill & Knowlton Strategies, as its new executive vice president of corporate affairs.
Iceland forms center-right govt, halts EU talks
Jenna Gottlieb, Associated Press |
posted 52 minutes ago
The leader of the center-right Progressive Party was chosen as Iceland's new prime minister Wednesday and promptly announced a halt to talks with the European Union about joining the 27-nation bloc.
How The AP and Equilar calculate CEO pay
The Associated Press |
posted May 22nd - 1:32pm
For its annual survey of CEO pay, The Associated Press uses data provided by Equilar, an executive pay research firm.
Fiat Industrial aims to shift tax home to Britain
Colleen Barry, Associated Press |
posted May 22nd - 12:58pm
Fiat Industrial disputed as "absolutely false" reports Wednesday that Italy would lose 500 million euros ($646 million) in tax revenues if it moves its tax base to Britain after it completes a merger with its U.S.-based subsidiary CNH Global NV.
Fed weighed slowing its pace of bond purchases
Martin Crutsinger, Associated Press |
posted May 22nd - 12:49pm
Several Federal Reserve policymakers this month favored slowing the Fed's efforts to maintain record-low long-term interest rates as early as June _ if the economy showed strong and sustained growth. But those officials appeared at odds over what evidence would demonstrate such gains.
Glaxo, US partnering to develop new antibiotics
Hzl-laj, Associated Press |
posted May 22nd - 12:28pm
GlaxoSmithKline PLC says it's starting an unusual collaboration with the U.S. government to develop several antibiotics for both bioterrorism threats and bacterial infections resistant to current medicines.
Markets
DJIA
15307.17
-80.41
Nasdaq
3463.30
-38.82
S&P 500
1655.35
-13.81
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