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Is China poor? Key question at climate talks
BONN, Germany (AP) — Another round of U.N. climate talks closed without resolving how to share the burden of curbing man-made global warming, mainly because countries don't agree on who is rich and who is poor.
Greek euro exit would be a recipe for hardship
ATHENS, Greece (AP) — As Greece creaks under its untenable debt and a shrinking economy, the possibility that it could stop using the euro is becoming increasingly likely. The effects of such a move would be as quick as they would be brutal for ordinary Greeks, who would essentially take a 50-percent pay cut just as prices soar.
Spain's Bankia asks for $24B in state aid
MADRID (AP) — Spain's troubled bank, Bankia, has asked the Spanish government for €19 billion ($23.8 billion) in financial support just as a leading credit rating agency downgraded it to junk status.
Typical CEO made $9.6M last year, AP study finds
NEW YORK (AP) — Profits at big U.S. companies broke records last year, and so did pay for CEOs.
- On top of big salaries, companies pile on perks
In the small world of big CEOs, the perks can be spectacular.
- Top CEO pay equals 3,489 years for typical worker
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.
Apple CEO Cook gives up $75M in stock dividends
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.
- Why that flat Facebook IPO isn't so bad after all
NEW YORK (AP) — The botched offering of Facebook stock has raised several troubling questions, but at least we don't have to worry about the one that plagues many IPOs: How are a few select investors able to buy in early at lower prices and then pocket huge profits when the trading frenzy begins?
Stocks fall on Wall Street as Spanish bank teeters
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.
More travelers to hit the road this Memorial Day
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.
