Geithner wants strong dollar, will tackle deficit
Treasury Secretary Timothy Geithner said on Wednesday he believes strongly in the need to maintain a strong dollar and said the United States was determined to get its budget deficit down. Read Full Article here.
AIG chief threatened to leave over pay constraints: report
Unhappy over constraints imposed by U.S. government overseers, American International Group Inc Chief Executive Robert Benmosche told the company's board last week that he is considering stepping down, the Wall Street Journal said, citing people familiar with the matter. Read Full Article here.
Pay caps make it tough to hire execs: GM chairman
General Motors Co Chairman Ed Whitacre on Tuesday urged the Obama administration to give the automaker less restrictive pay caps and said it was too early to discuss the timing for the automaker to become a public company again. Read Full Article here.
UPS sees 2010 volume growth, higher rates
United Parcel Service Inc , the world's largest package delivery service, expects growth in its volumes next year as the global economy gradually recovers, its chief said on Wednesday. Read Full Article here.
Fed officials see choppy recovery for US economy
High unemployment and reluctant consumers will likely make an incipient U.S. economic recovery weak and erratic, top Federal Reserve officials said in a string of speeches across the country on Tuesday. Read Full Article here.
American Express spending volume up, boosts stock
American Express Co said credit card spending increased in October from September in another sign that the worst of the financial crisis may have passed for the largest U.S. credit-card company, sending its shares up 1.5 percent to a 14-month high. Read Full Article here.
Kraft's hostile bid for Cadbury notified to the EU
Kraft Foods Inc's $16 billion hostile bid for British candy maker Cadbury Plc has been notified to EU regulatory authorities, the European Commission said on Wednesday. Read Full Article here.