Financial news on April 12th, 2008
Business and Financial news
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..
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..
Companies have noticed a growing market for simple devices aimed at older customers. Read more..
Even as the West fears Chinese manufacturing, China fears Western brands and marketing. Read more..
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..
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..
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..
Zurich Financial Services, Switzerland’s biggest insurer, will eliminate about 400 jobs in the United States as prices for commercial insurance decline. Read more..
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..
Phillip D. Hester is the third A.M.D. senior executive to depart in less than a year. Read more..