Wednesday , 24 May 2017

Business News

Charter's Rutledge, CBS's Moonves among highest-paid CEOs

Here are the 10 highest-paid CEOs for 2016, as calculated by The Associated Press and Equilar, an executive data firm. ——— 1. Thomas Rutledge Charter Communications Inc. $98 million Change from last year: Up 499 percent ——— 2. Leslie Moonves CBS Corp. $68.6 million Change: Up 22 percent ——— 3. Robert Iger Walt Disney Co. $41 million Change: Down 6 ... Read More »

Once again, health care CEOs are among the highest paid

Pay checks have remained healthy for executives in the health care industry. A year after earning the highest compensation of any industry, health care remained close to the top in 2016. The typical CEO in the industry made $12.9 million, just a touch below their counterparts in industrial goods. A look at the top and bottom-paid CEOs last year, by ... Read More »

The biggest CEO pay raises and pay cuts of 2016

Here are the three CEOs who got the biggest pay raises last year, and the deepest pay cuts, as calculated by The Associated Press and Equilar, an executive data firm. ——— Top raises: ——— 1. Hock Tan Broadcom Corp. $24.7 million, up 513 percent ——— 2. Thomas Rutledge Charter Communications Inc. $98 million, up 499 percent ——— 3. Robert Kotick ... Read More »

Obama-era rule on financial advisers to go forward, for now

The Trump administration is allowing to go forward an Obama-era rule that puts stricter requirements on professionals who advise retirement savers on their investments. But it’s leaving open the possibility that deep changes to the rule will still be made. Wall Street and Republican lawmakers have been pushing against the so-called “fiduciary” rule, which requires that financial pros who charge ... Read More »

US says Fiat Chrysler used software to beat emissions tests

The U.S. government is suing Fiat Chrysler, alleging that some diesel pickup trucks and Jeep SUVs cheat on emissions tests. The lawsuit filed Tuesday by the Justice Department marks the second time the government has gone after an automaker alleging use of software on diesel engines that allows them to emit more pollution on the road than during Environmental Protection ... Read More »

US stocks advance as banks and health care lead rally

U.S. stocks are rising Tuesday as banks climb following an increase in bond yields, which will allow banks to charge higher rates on loans. Health care companies like makers of scientific instruments and drugs are higher as well. Stocks are on track for their fourth gain in a row and have mostly undone a big loss from last Wednesday, when ... Read More »

Markets Right Now: US stocks gain in midday trading

The latest on developments in financial markets (All times local): 11:45 a.m. U.S. stocks are higher as banks and health care companies rise. Beverage makers are also gaining Tuesday, leading household products makers upward. Nokia jumped 5 percent after settling its legal disputes with Apple. Agilent Technologies rose 5 percent after the scientific instrument maker reported earnings and sales that ... Read More »

For $1, you can add more muscle to Dodge's newest muscle car

If you want a car with 840 horsepower that can go from zero to 60 in 2.3 seconds, it’ll cost you $84,995. Plus another dollar. That’s the starting price for the Dodge Challenger SRT Demon, which Fiat Chrysler says is the most powerful production car ever. The Demon comes standard with a mere 808 horsepower. But for $1, you get ... Read More »

US new-home sales drop 11.4% in April, most in 2 years

U.S. sales of new homes last month registered the biggest drop in more than two years. The Commerce Department said Tuesday that new-home sales skidded 11.4 percent in April to a seasonally adjusted annual rate of 569,000. It was the biggest monthly drop since March 2015. Economists had expected a more modest retreat from March sales of 642,000, which were ... Read More »