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No bonus for Wall St execs
WASHINGTON, USA - PRESIDENT-ELECT Barack Obama has chastised US auto executives for being 'tone deaf' for flying on corporate jets to Washington to beg for bailout money, and said he believed bank executives should forgo their end-of-year bonuses.
In the advanced excerpt of an interview to be broadcast Wednesday and released by ABC News late on Tuesday, the president-elect focused on responsibility. ... more
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Video: EU blamed for BHP/Rio deal collapse
The EU sought the sale of key iron and coal assets but BHP Billiton said it would not get a fair price in the current climate. -Reuters
France to pump 19b euros
The latest initiative would help shore up the automobile industry and construction sector. -AFP
Cisco to shut down for 4 days
Technical support and product-ordering would not be affected. -AFP
US banking profits slump 94%
Banks write off hefty CDOs.-AFP
Wages to fall 0.5% in 2009
Inflation-adjusted pay in rich nations will fall. -Reuters
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