Citi's 2009 pay and bonus cuts to stay in place
Cuts in 2009 pay and bonuses for Citigroup's top 100 executives ordered by the Obama administration's pay czar will remain in place despite the bank's deal to exit the government's bailout program, a Treasury official said on Monday. Read Full Article here.
U.S. post-Christmas shopping may fall: survey
Retailers looking for a big surge in customer traffic the week after Christmas may be disappointed by a new survey that shows an unusually low number of consumers plan to shop in the post-holiday week. Read Full Article here.
XTO's Simpson due about $70 mln for Exxon deal
XTO Energy Inc's Chairman Bob Simpson may receive around $70 million in compensation after the company's deal with Exxon Mobil Corp closes, according to regulatory filings. Read Full Article here.
Craigslist CEO: Was told eBay's Whitman a monster
Craigslist's chief executive told a court on Monday that an executive with eBay, a minority shareholder, warned him to improve relations with eBay's then-CEO Meg Whitman because she could be a monster and an Evil Meg when frustrated. Read Full Article here.
Big powers scrap meeting on Iran nuclear program
A planned meeting of diplomats from major powers on Iran's nuclear program will not take place this year although discussions will continue by telephone, the State Department said on Monday. Read Full Article here.