Financial news on April 12, 2008

Business and Financial news
A Defense of the Boss’s Pay

A researcher pointed out that salary increases of corporate chief executives were almost exactly in line with the rise in market capitalization of large U.S.-based companies over time. Read more..

By PAUL B. BROWN - The New York Times

Aging Jet Fleets an Added Strain on U.S. Airlines

As airlines have been too financially squeezed to buy new airplanes, they are facing large repair bills and increased scrutiny for the old ones they have kept. Read more..

By JEFF BAILEY - The New York Times

At a Certain Age, Simplicity Sells in High-Tech Gadgets

Companies have noticed a growing market for simple devices aimed at older customers. Read more..

By ALINA TUGEND - The New York Times

China Tries to Solve Its Brand X Blues

Even as the West fears Chinese manufacturing, China fears Western brands and marketing. Read more..

By JOE NOCERA - The New York Times

From Repairs to Exit Strategies, Details Matter

Buying a vacation home with friends or relatives can reduce individual costs and operating expenses as well as divide responsibilities, but there are a few things to consider. Read more..

By HILLARY CHURA - The New York Times

Home Depot Chief’s Pay

Home Depot, the home improvement retailer that ousted its chief executive in early 2007, gave his successor compensation valued at $8.28 million last year, even as profit slid 24 percent. Read more..

By BLOOMBERG NEWS - The New York Times

How to Jointly Own a Home and Still Be Friends

Teaming up with friends or relatives to buy a second home can prove a boon to the pocketbook and the relationship, but only if ground rules are established before the first check is written. Read more..

By HILLARY CHURA - The New York Times

Insurer Will Cut Jobs

Zurich Financial Services, Switzerland’s biggest insurer, will eliminate about 400 jobs in the United States as prices for commercial insurance decline. Read more..

By BLOOMBERG NEWS - The New York Times

Rising to His Defense, Pellicano Is Done Quickly

Mounting his own defense, Anthony Pellicano, the accused wiretapper-to-the-stars on trial for racketeering, called a single witness and was as puzzling as ever. Read more..

By DAVID M. HALBFINGER - The New York Times

Technology Chief Quits Advanced Micro Devices

Phillip D. Hester is the third A.M.D. senior executive to depart in less than a year. Read more..

By BLOOMBERG NEWS - The New York Times

See what else happened on April 12, 2008