Caterpillar CEO Oberhelman’s pay fell 33 percent in 2013: SEC filing
(Reuters) – Caterpillar Inc Chairman and Chief Executive Officer Doug Oberhelman’s compensation declined 33 percent last year because of the company’s failure to meet promised profit and performance targets, according to a filing on Monday with the U.S…
Ford to name Fields as CEO soon, replacing Mulally: source
DETROIT (Reuters) – Ford Motor Co will soon name Chief Operating Officer Mark Fields as successor to Chief Executive Alan Mulally, a person familiar with the plans said on Monday.
Netflix plans to raise prices as U.S. streaming subscribers grow
LOS ANGELES (Reuters) – Video streaming service Netflix Inc said it intends to raise the monthly subscription price for new customers by $1 or $2 a month to help the company buy more movies and TV shows and improve service for its 48 million global sub…
Citigroup to seek sale of 50 branches in California: Bloomberg
(Reuters) – Citigroup Inc is seeking buyers for about 50 branches holding $3 billion of deposits in California as the lender looks to trim its branch network, Bloomberg reported, citing three people involved in the process.
Wall Street advances; S&P, Nasdaq book fifth straight gain
NEW YORK (Reuters) – U.S. stocks advanced modestly on Monday in subdued trading as investors showed hesitation in the wake of a strong rally last week and before a slew of key earnings releases this week.
Merrill sets new $8 million bragging target for its top brokers
NEW YORK (Reuters) – Merrill Lynch is dangling a new incentive in front of its brokers by creating a “recognition club” for those who bring in $8 million or more a year from clients, more than doubling the top goals set by its securities industry rival…
Exclusive: Fidelity’s Danoff looks beyond tech stocks as performance lags
BOSTON (Reuters) – Will Danoff, who runs Fidelity Investments’ behemoth Contrafund, is frustrated by his lagging performance this year and is pruning his exposure to cloud software stocks that got clobbered recently in a swift and hard-hitting downturn…
Jobless rate still good gauge of slack: Fed study
SAN FRANCISCO (Reuters) – The U.S. jobless rate in recent years has been a good gauge of slack in the economy, according to a paper published Monday by the Federal Reserve Bank of San Francisco that takes aim at critics who have argued otherwise.
Hasbro rides My Little Pony to stronger profit
(Reuters) – Hasbro Inc reported a better-than-expected quarterly profit on strong demand for toys such as My Little Pony, that have strong tie-ins with TV shows aimed at little girls.
Nokia sees Microsoft deal closing this week
HELSINKI (Reuters) – Nokia said on Monday it expects the sale of its handset business to Microsoft to be finalized on April 25, as it had received all the required regulatory approvals.
