IMF chief Lagarde: Little sympathy for Greece
LONDON (AP) — International Monetary Fund chief Christine Lagarde says she has more sympathy for poor African children than Greeks suffering under the country's economic problems and austerity measures.
- Spain's lender Bankia says it won't need more aid
MADRID (AP) — The president of troubled Spanish lender, Bankia, says the bank will emerge as a solid financial entity that will not need further recapitalization after it receives €19 billion ($23.8 billion) in state aid it has asked for.
For something so simple, pasta is serious business
ROME (AP) — They twirled, they sniffed, they slurped, they chewed.
- 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?
Cheaper gas spurs more travelers 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.
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.
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.
