Financial news on September 11, 2010
Business and Financial news
The state-run investment body said that 99 percent of its creditors had agreed to terms for a restructuring. Read more..
Jeffrey I. Greenstein, former chief of the defunct investment firm, admitted bilking $240 million from the I.R.S. Read more..
The annual package includes $1.7 million in salary and a mix of stock, some part of a long-term incentive plan. Read more..
The adviser, Kenneth I. Starr, admitting that he cheated wealthy and elderly clients out of tens of millions of dollars. Read more..
When Hewlett-Packard’s board ousted its chief executive, Mark V. Hurd, it neglected to make a legally binding deal to keep him from jumping to a rival. Read more..
As the Japanese currency hit a fresh 15-year high against the dollar this week, pressuring exports, the government signaled tougher action to rein it in. Read more..
The Smith & Wesson Holding Corporation, the gun maker, said its quarterly earnings fell by about half as sales of firearms declined. Read more..
The Obama administration named a Treasury Department lawyer to succeed Kenneth R. Feinberg in the position of setting pay guidelines for executives at four companies still getting aid from the government bailout fund. Read more..
The Congressional Budget Office found that extending the Bush tax cuts would be the least effective way to reduce unemployment. But the White House largely favors the cuts. Read more..
A half-dozen appointed posts with vast powers over the economy remain unfilled even as President Obama signaled that he was close to choosing a director for a new consumer bureau. Read more..