UNITED STATES

Officials take aim at executive pay

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U.S. officials on Thursday took aim at generous executive pay packages, saying it was offensive that firms receiving substantial taxpayer aid paid their officers and other top employees so lavishly.

U.S. takes aim at executive pay

IBTimes Logo
U.S. officials on Thursday took aim at generous executive pay packages, saying it was offensive that firms receiving substantial taxpayer aid paid their officers and other top employees so lavishly.
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China authors say Google violated copyrights

A group representing authors in China has accused Google of violating copyrights with its digital library, a claim that Google denies by saying the service complies with international law.
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U.S. presses ahead on climate bill

The Obama administration will press ahead with climate control legislation, despite difficult odds of passage before December's international summit on global warming.
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Jobless claims up, leading indicator at 2-year high

A bigger-than-expected rise in the number of U.S. workers filing new claims for jobless aid last week signaled the labor market remained fragile, even as a measure of economic prospects hit a two-year high last month.
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Dow Chemical quarterly net spikes, shares up

Dow Chemical Co posted a 66 percent jump in third-quarter earnings on Thursday to beat Wall Street's expectations, but it warned it does not expect market improvements next year.
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Tellabs to buy wireless gear maker WiChorus

U.S. network equipment maker Tellabs Inc said on Thursday that it planned to buy wireless infrastructure gear manufacturer WiChorus for $165 million to bolster its next-generation mobile Internet technology.
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Industrials' optimism is short-range

The executives who run big U.S. industrial companies are cautiously optimistic about the future but, so far, their optimism does not extend very far.
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Pakistan braces for attacks as offensive continues

Suspected Taliban militants shot and killed a Pakistani army brigadier and his driver in the capital on Thursday as the military continued a major offensive against the insurgents in their strongholds near the Afghan border.
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Toyota philosophy works in the ER

Emergency rooms may be able to give patients faster and better care by applying some of the same principles that have worked in Japanese car manufacturing, a new study suggests.
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ECB warns EU on hedge fund plans

The European Central Bank has warned that EU plans to tighten regulation of hedge funds and other alternative investors risk creating a two-tier playing field that could drive the industry out of Europe.
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Philip Morris, Reynolds raise 2009 estimates

Philip Morris International Inc and Reynolds American Inc posted higher-than-expected quarterly profits and raised their full-year forecasts on Thursday, as tax increases and the recession did not hurt the cigarette makers as much as feared.
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China mulls military options over hijacked ship

China has not ruled out military action to rescue the crew of a coal ship hijacked by Somali pirates, but is also open to negotiations over what a Chinese military officer said on Thursday could be a long standoff.

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