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AP Top Business News
  • Click for Full StoryTypical CEO made $9.6M last year, AP study finds

    May 25, 20125:38 PM ET

    NEW YORK (AP) — Profits at big U.S. companies broke records last year, and so did pay for CEOs.

    BERNARD CONDONCHRISTINA REXRODE  
    APCopyright 2012 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.
  • On top of big salaries, companies pile on perks

    May 25, 20126:04 AM ET

    In the small world of big CEOs, the perks can be spectacular.

    CHRISTINA REXRODE  
    APCopyright 2012 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.
  • Top CEO pay equals 3,489 years for typical worker

    May 25, 201210:52 AM ET

    WASHINGTON (AP) — David Simon of Simon Property received a pay package worth more than $137 million for last year, and the typical CEO took home $9.6 million, according to an analysis by The Associated Press.

    SETH BORENSTEIN  
    APCopyright 2012 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.
  • Click for Full StoryApple CEO Cook gives up $75M in stock dividends

    May 25, 20121:04 PM ET

    NEW YORK (AP) — Apple CEO Tim Cook is giving up $75 million in dividends on restricted stock that the company is awarding to all of its employees.

    AP  
    APCopyright 2012 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.
  • Click for Full StoryStocks fall on Wall Street as Spanish bank teeters

    May 25, 20125:15 PM ET

    NEW YORK (AP) — Another flare-up in Europe's debt crisis knocked U.S. markets lower Friday. This time, it was more trouble at a major Spanish bank.

    CHRISTINA REXRODE  
    APCopyright 2012 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.
  • Click for Full StoryMore travelers to hit the road this Memorial Day

    May 25, 20123:41 PM ET

    NEW YORK (AP) — More Americans will hit the road this holiday weekend than a year ago. And they'll have a bit more money to spend thanks to lower gas prices.

    The Associated Press  
    APCopyright 2012 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.
  • Icahn spends $785M on Chesapeake Energy stake

    May 25, 20126:06 PM ET

    NEW YORK (AP) — Activist investor Carl Icahn has taken a sizable stake in Chesapeake Energy Corp. and is calling for at least four of company's directors to be replaced.

    AP  
    APCopyright 2012 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.
  • Sycamore not ready to pull trigger on Talbots deal

    May 25, 20125:20 PM ET

    NEW YORK (AP) — The women's clothier Talbots Inc. said Friday that a deadline expired without a deal in its exclusive talks about being acquired by a private equity firm and that it will actively pursue other options.

    AP  
    APCopyright 2012 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.
  • Oil holds near 2012 low

    May 25, 20123:35 PM ET

    NEW YORK (AP) — The price of oil held near the lowest levels of the year on a quiet Friday ahead of the holiday weekend.

    CHRIS KAHN  
    APCopyright 2012 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.
  • Bank of America, Barclays sell Archstone stake

    May 25, 201210:35 AM ET

    NEW YORK (AP) — Bank of America Corp. and Barclays Bank PLC are selling their stake in the apartment building owner Archstone to Lehman Brothers Holdings Inc.'s bankruptcy estate for $1.58 billion.

    AP  
    APCopyright 2012 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.
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Weekly financial snapshot of major stock indexes
 
Up to the Minute
  • Barbara Graves, wife of prominent publisher, dies

    May 25, 20126:12 PM ET

    AP  
    APCopyright 2012 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.
  • Icahn spends $785M on Chesapeake Energy stake

    May 25, 20126:06 PM ET

    AP  
    APCopyright 2012 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.
  • Typical CEO made $9.6M last year, AP study finds

    May 25, 20125:38 PM ET

    BERNARD CONDONCHRISTINA REXRODE  
    APCopyright 2012 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.
  • A look at economic developments around the globe

    May 25, 20125:30 PM ET

    The Associated Press  
    APCopyright 2012 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.
  • Panel sets June 7 date for JPMorgan CEO to testify

    May 25, 20125:26 PM ET

    AP  
    APCopyright 2012 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.
  • Sycamore not ready to pull trigger on Talbots deal

    May 25, 20125:20 PM ET

    AP  
    APCopyright 2012 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.
  • US consumer confidence highest in 4 ½ years

    May 25, 20125:18 PM ET

    CHRISTOPHER S. RUGABER  
    APCopyright 2012 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.
  • Spain's Bankia asks for $24B in state aid

    May 25, 20125:12 PM ET

    CIARAN GILESHAROLD HECKLE  
    APCopyright 2012 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.
  • Treasury bond market at a glance

    May 25, 20125:10 PM ET

    The Associated Press  
    APCopyright 2012 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.
  • News Summary: Beef, chicken, pork prices climbing

    May 25, 20125:04 PM ET

    The Associated Press  
    APCopyright 2012 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.




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