Executives face pay cuts in 2008 bailout case
Treasury rules cut annual compensation by 10 percent for about 70 executives at AIG Ally Financial and General Motors. CEO pay frozen at 2011 levels as all three firms still owe billions to U.S. taxpayers. GM’s Akerson 9 million, Ally’s Carpenter 9.5 million, AIG’s Bems mosche 10.5 million.
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U.S
Treasury Department
American International Group Inc
Ally Financial Inc
General Motors Co
AIG
General Motors
Ally Financial
Daniel F. Akerson
Michael A. Carpenter
Robert Benmosche
Akerson
Detroit
Jim Cain
U.S. Treasury
Kodak proposes bonuses to execs to stay during bankruptcy
Eastman Kodak seeks permission to pay about 300 executives and employees a total of 13.5 million in retention bonuses as it reorganizes under Chapter 11. 119 Group 1 managers would get 35 to 50 percent of base pay, while Group 2, about 200 employees, shares five million with up to 25 percent.
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The
Associated Press
Chrysler recalls Jeeps to fix valves
Chrysler recalls about 1,700 2012 all wheel drive Jeep Compass and Patriot SUVs due to faulty gas tank valves that can leak gasoline in a crash. The recall begins in June. dealers will replace fuel tanks free of charge. Chrysler reports no known fires or injuries and provides the 800 number (800) 853-1403 for owner questions.
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Detroit
Chrysler
National Highway Traffic Safety Administration
Job market slows after hiring binge in March
The March labor report shows 120,000 new jobs added, half the prior pace and below expectations, with the unemployment rate dipping to 8.2 percent. Weather and seasonal factors are blamed for the softer pace, while economists expect momentum to resume in spring and summer.
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Washington
U.S
Labor Department
Paul Ashworth
Capital Economics
Barack Obama
Ashworth
Alan Amdahl
Sioux Falls
S.D
Anthony Chan
JP Morgan Wealth Management
Obama
White House
Federal Reserve
Ben Bernanke
Chris Jones
TD Economics
Facebook Eyes Nasdaq Listing for Historic IPO
Facebook leans toward Nasdaq for its planned IPO valued around 100 billion dollars, with a potential 5 billion raise. Media cited anonymous sources as NYSE Euronext and Nasdaq OMX vie for the listing amid big tech peers already on Nasdaq. Calls to the companies were not returned Friday.
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New York
Facebook
Nyse Euronext Inc
New York Times
CNBC
OMX Group, Inc
Apple Inc
Google Inc
Microsoft Corp
NYSE
LinkedIn Corp
Google
Facebook Inc
Menlo, Park
Calif
Harvard University
Wall Street
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