Behind the Fed's move to regulate Wall St pay
Interviews with dozens of lobbyists, banking industry insiders, and high-level regulators suggests that the Fed incursion into excessive pay stems more from political expediency than financial concerns. This, many say, raises serious questions about the central bank's independence. Read Full Article here.
Booksellers ask Justice Dept to probe price wars
The American Booksellers Association has asked the U.S. Department of Justice to investigate a recent price war on books sold online between such retail giants as Wal-Mart Stores Inc, Amazon.com Inc and Target Corp ahead of the holidays. Read Full Article here.
Intel assures Clearwire on investment info: report
Intel Corp assured Clearwire Corp it is closely guarding its investment information on the wireless-broadband company after an insider-trading scandal surfaced last week, the Wall Street Journal reported, citing Clearwire chief executive Bill Morrow. Read Full Article here.
Calpers reviewing relationship with Apollo: report
Calpers, the biggest U.S. public pension fund, is reviewing its business relationship with Apollo Global Management, examining fees, performance and the relationship as a whole, the Wall Street Journal reported on Thursday, citing documents outlining the review. Read Full Article here.
U.S. doctors answer flu questions on new website
Worried about your child's flu symptoms but don't want to risk a visit to a germ-infested waiting room? Read Full Article here.
CIT, Goldman in tentative pact: report
CIT Group Inc , a large finance company trying to avoid bankruptcy, reached a tentative agreement with Goldman Sachs Group Inc over a disputed payment on a $3 billion loan, Dow Jones Newswires reported on Thursday, citing people familiar with the matter. Read Full Article here.
JAL faces $8.8 billion excess debt if liquidated: source
Liabilities at Japan Airlines Corp <9205.T> would exceed its assets by as much as $8.8 billion if Asia's largest airline by revenues were liquidated, a source with direct knowledge of the matter said on Friday. Read Full Article here.