UBS CEO’s pay rises by a fifth to $12.3 million in 2013
ZURICH (Reuters) – UBS hiked chief executive Sergio Ermotti’s pay by a fifth last year to 10.73 million Swiss francs ($12.30 million), according to the Swiss bank’s annual report published on Friday.
UBS CEO’s pay rises by a fifth to $12.3 million in 2013
ZURICH (Reuters) – UBS hiked chief executive Sergio Ermotti’s pay by a fifth last year to 10.73 million Swiss francs ($12.30 million), according to the Swiss bank’s annual report published on Friday.
Panama Canal signs deal to end expansion dispute, awaits consortium
PANAMA CITY (Reuters) – The Panama Canal Authority has signed a deal to end a major dispute over the multibillion-dollar expansion of the waterway, an official said on Thursday, raising hopes that the consortium behind the project will follow suit befo…
South Korea can’t join Pacific trade talks until U.S. issues fixed: official
WASHINGTON (Reuters) – South Korea will not be welcomed into a planned Pacific free-trade pact until all problems are resolved in carrying out an existing trade deal with the United States, a senior U.S. official said on Thursday.
U.S. safety watchdog says 303 deaths linked to recalled GM cars
DETROIT (Reuters) – U.S. safety regulators have recorded 303 deaths when airbags failed to deploy in 1.6 million compact cars recalled last month by General Motors Co, according to a study released Thursday night by a safety watchdog group.
Norwegian Air faces last hurdle to new flights: U.S. approval
ATLANTA (Reuters) – Budget air carrier Norwegian Air hopes to soon get U.S. government approval to operate more lower-cost flights to Europe despite opposition from U.S. and European unions, its chief executive said on Thursday.
Peltz blasts PepsiCo again, seeks details on operations, strategy
(Reuters) – Activist investor Nelson Peltz, who has been pushing PepsiCo Inc to separate its beverage and snacks businesses, blasted the company yet again on Thursday and demanded answers on operational issues and its corporate strategy.
Target says it declined to act on early alert of cyber breach
BOSTON/WASHINGTON (Reuters) – Target Corp’s security software detected potentially malicious activity during last year’s massive data breach, but its staff decided not to take immediate action, the No. 3. U.S. retailer said on Thursday.
U.S. lifts ban blocking BP from new government contracts
HOUSTON (Reuters) – The U.S. government lifted a ban on Thursday that excluded BP from new federal contracts, after the British oil major filed a lawsuit saying it was being unfairly penalized for its 2010 Gulf of Mexico spill.
Bank of America back in court over $2.1 billion fraud penalties
NEW YORK (Reuters) – A U.S. judge wrestled on Thursday with a U.S. Justice Department request that Bank of America Corp pay $2.1 billion in penalties after being found liable for fraud over defective mortgages sold by its Countrywide unit.
