CEOs Get Fewer Perks - BusinessWeek
It may still be good to be king, but increasingly the job is coming with fewer perks. In its third annual study of fringe benefits for chief executives, compensation research firm Equilar found that the median values of seven of the nine major CEO
City calls on Brown not to hit energy profits - Financial Times
The City urged Gordon Brown yesterday to resist pressure from his own backbenchers to impose a windfall tax on energy companies. The prime minister is facing a growing rank-and-file rebellion after almost 80 Labour MPs signed a petition calling for
PetroChina 1H profit down 35 pct, CNOOC up 89 pct - Washington Post
SHANGHAI, China — Earnings results announced Wednesday by major Chinese oil companies were in line with expectations, with industry leader PetroChina ’s first-half net profit falling 34.5 percent amid rising losses in its refining business
Most Japan Stocks Fall on Bankruptcy Concern; Acom Surges - Bloomberg
Aug. 28 (Bloomberg) — Most Japan stocks fell on concern more real estate companies will go bankrupt, and shipping lines declined on a sixth-straight drop in cargo fees for commodities. Mitsui Fudosan Co., Japan’s largest developer, lost 2.2 percent
China, Iraq reach $3 bln oil service deal - Washington Post
SHANGHAI, China — China and Iraq have signed a $3 billion deal revising an earlier agreement for China’s biggest oil company to help develop the Ahdab oil field, according to a statement from the Iraqi Embassy in Beijing. The deal, restoring a
Germany’s Jobless Rate Declines to Lowest in 16 Years (Update1) - Bloomberg
Aug. 28 (Bloomberg) — German unemployment fell more than economists expected in August, pushing the jobless rate to the lowest level in 16 years. The number of people out of work, adjusted for seasonal swings, dropped 40,000 to 3.2 million after
Big Shift in Accounting Rules Nears - BusinessWeek
Searching for what he called a “lingua franca” of financial statements, Securities & Exchange Commission Chairman Christopher Cox announced on Aug. 27 a road map by which U.S. companies may report their numbers using international accounting rules
European Shares Set to Tick Up; Earnings, Oil Eyed - CNBC
European shares were set to open slightly higher on Thursday amid a flurry of corporate results, with gains tempered by an oil price that threatened to rise past $120 a barrel. Bookmakers expected Britain’s FTSE 100 to open up 6-11 points, DAX down 3
Deals of the day — mergers and acquisitions - Reuters
Aug 28 (Reuters) - The following bids, mergers, acquisitions and disposals involving European, U.S. and Asian companies were reported by 0530 GMT on Thursday. (For Reuters columns on deals, click on [DEALTALK] ** Nokia Siemens Networks [NSN.UL] said
Mortgage finance firm Fannie Mae shakes up executive ranks as shares - Los Angeles Times
WASHINGTON (AP) _ Mortgage finance giant Fannie Mae shook up its executive ranks Wednesday, after shares in it and sibling company Freddie Mac rose for a third straight day as investors appeared less certain a government bailout of the two troubled
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