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    FILE - In this Sept. 16, 2010 file photo, David Simon, CEO of Indianapolis-based Simon Property Group speaks at the Economic Club of Indiana's speaker series luncheon at the Indiana Convention Center in Indianapolis. Simon is the highest paid CEO at a publicly held company in America in 2011, according to calculations by Equilar, an executive compensation data firm, and The Associated Press. The Associated Press formula calculates an executive's total compensation during the last fiscal year by adding salary, bonuses, perks, above-market interest the company pays on deferred compensation and the estimated value of stock and stock options awarded during the year. (AP Photo/The Indianapolis Star, Charlie Nye, File)

    Typical CEO made $9.6M last year, AP study finds

    Profits at big U.S. companies broke records last year, and so did pay for CEOs. More »Typical CEO made $9.6M last year, AP study finds

    FILE - In this March 7, 2012 file photo, Apple CEO Tim Cook announces a new iPad during an Apple announcement in San Francisco. Apple says Cook is giving up $75 million in dividends on restricted stock. In a filing with the Securities and Exchange Commission on Thursday, May 24, 2012, Apple Inc. says Cook requested that his restricted stock units not receive dividends. (AP Photo/Paul Sakuma, File)

    Apple CEO Cook gives up $75M in stock dividends

    Apple CEO Tim Cook is giving up $75 million in dividends on restricted stock that the … More »Apple CEO Cook gives up $75M in stock dividends

    Monitors show the value of the Facebook, Inc. stock before the closing bell at the NASDAQ Marketsite in New York

    Minute by minute, Nasdaq chaos engulfed Facebook IPO

    (Reuters) - Dead silence. For nearly 20 minutes on the morning of Facebook Inc's trading … More »Minute by minute, Nasdaq chaos engulfed Facebook IPO

    • This image provided by NASA-TV shows the SpaceX Dragon commercial cargo craft after Dragon was grappled by the Canadarm2 robotic arm and connected to the International Space Station, Friday, May 25, 2012. Dragon is scheduled to spend about a week docked with the station before returning to Earth on May 31 for retrieval. (AP Photo/NASA)
      Dragon makes history with space station docking AP - 7 hrs ago

      The private company SpaceX made history Friday with the docking of its Dragon capsule to the International Space Station, the most impressive feat yet in turning routine … More »Dragon makes history with space station docking

      This image provided by NASA-TV shows the SpaceX Dragon commercial cargo craft after Dragon was grappled by the Canadarm2 robotic arm and connected to the International Space Station, Friday, May 25, 2012. Dragon is scheduled to spend about a week docked with the station before returning to Earth on May 31 for retrieval. (AP Photo/NASA)

      The private company SpaceX made history Friday with the docking of its Dragon capsule to the International Space Station, the most impressive feat yet in turning routine spaceflight over to the commercial sector.

    • U.S. Postal Service offers buyouts to 45,000 workers Reuters - 5 hrs ago

      (Reuters) - The cash-strapped U.S. Postal Service will offer buyouts this summer to nearly all of its 45,000 mail handlers, part of a plan to consolidate operations at … More »U.S. Postal Service offers buyouts to 45,000 workers

      (Reuters) - The cash-strapped U.S. Postal Service will offer buyouts this summer to nearly all of its 45,000 mail handlers, part of a plan to consolidate operations at 140 mail-processing facilities in the next year. The mail agency, which lost $3.2 billion in the first three months of 2012, plans to begin this summer moving …

    • Traders work on the floor of the New York Stock Exchange
      U.S. data, Europe woes to set tone Reuters - 3 hrs ago

      NEW YORK (Reuters) - Investors will grapple next week with major U.S. economic reports and the looming possibility of a Greek exit from the euro zone, which is likely … More »U.S. data, Europe woes to set tone

      Traders work on the floor of the New York Stock Exchange

      NEW YORK (Reuters) - Investors will grapple next week with major U.S. economic reports and the looming possibility of a Greek exit from the euro zone, which is likely to keep dragging on equities for weeks to come. As contingency plans are made for Greece's possible departure from the euro zone, investors may not get a …

    • Icahn spends $785M on Chesapeake Energy stake AP - 5 hrs ago

      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. More »Icahn spends $785M on Chesapeake Energy stake

      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.

    • A Greek flag flies behind a statue to European unity outside the European Parliament in Brussels
      Spain region, Greek exit warnings rattle euro zone Reuters - 6 hrs ago

      (Reuters) - Central banks and companies risk making a grave error if they do not brace for a possible Greek exit from the euro zone, Belgium's foreign minister said on … More »Spain region, Greek exit warnings rattle euro zone

      A Greek flag flies behind a statue to European unity outside the European Parliament in Brussels

      (Reuters) - Central banks and companies risk making a grave error if they do not brace for a possible Greek exit from the euro zone, Belgium's foreign minister said on Friday, rattling markets already alarmed by Spain's deteriorating finances. Greek elections are scheduled for June 17 and could hasten the country's departure …

    • File photo of traders work at the Knight Capital kiosk on the floor of the New York Stock Exchange
      Facebook market makers' losses at least $100 million Reuters - 7 hrs ago

      (Reuters) - Claims by four of Wall Street's main market makers against Nasdaq over Facebook's botched IPO are likely to exceed $100 million, as they and other traders … More »Facebook market makers' losses at least $100 million

      File photo of traders work at the Knight Capital kiosk on the floor of the New York Stock Exchange

      (Reuters) - Claims by four of Wall Street's main market makers against Nasdaq over Facebook's botched IPO are likely to exceed $100 million, as they and other traders continue to deal with thousands of problems with customer orders. A technical glitch delayed the social networking company's market debut by 30 minutes on …

    • FILE- Smoke billows from a chimney of a heating plant as the sun sets in Beijing in this file photo dated Monday, Feb. 13, 2012. U.N. climate talks being held in Bonn, Germany, are in gridlock Thursday May 24, 2012, as a rift between rich and poor countries risked undoing some of the advances made last year in the two-decade-long effort to control carbon emissions from fast-growing economies like China and India as well as developed industrialized nations that scientists say are overheating the planet.(AP Photo/Alexander F. Yuan, File)
      Is China poor? Key question at climate talks AP - 3 hrs ago

      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 … More »Is China poor? Key question at climate talks

      FILE- Smoke billows from a chimney of a heating plant as the sun sets in Beijing in this file photo dated Monday, Feb. 13, 2012. U.N. climate talks being held in Bonn, Germany, are in gridlock Thursday May 24, 2012, as a rift between rich and poor countries risked undoing some of the advances made last year in the two-decade-long effort to control carbon emissions from fast-growing economies like China and India as well as developed industrialized nations that scientists say are overheating the planet.(AP Photo/Alexander F. Yuan, File)

      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.

    • The tower above the Times-Picayune newspaper offices are seen in New Orleans, Thursday, May 24, 2012. New Orleans' daily newspaper will switch to publishing three days a week starting in the fall and plans to increase its focus on online news, the 175-year-old paper announced Thursday and said there will be unspecified staff reductions. (AP Photo/Gerald Herbert)
      Times-Picayune to cut paper to 3 days a week AP - Thu, May 24, 2012

      The Times-Picayune, one of the nation's oldest newspapers, will no longer offer print editions seven days a week and instead plans to offer three printed issues a week … More »Times-Picayune to cut paper to 3 days a week

      The tower above the Times-Picayune newspaper offices are seen in New Orleans, Thursday, May 24, 2012. New Orleans' daily newspaper will switch to publishing three days a week starting in the fall and plans to increase its focus on online news, the 175-year-old paper announced Thursday and said there will be unspecified staff reductions. (AP Photo/Gerald Herbert)

      The Times-Picayune, one of the nation's oldest newspapers, will no longer offer print editions seven days a week and instead plans to offer three printed issues a week starting in the fall. The change means New Orleans would become the largest metro area in the nation without a daily newspaper in the digital age.

    • Chinese WTO suit strikes back at U.S. duties Reuters - 3 hrs ago

      GENEVA (Reuters) - China launched a complaint at the World Trade Organization on Friday against U.S. import duties on 22 Chinese products that the United States says … More »Chinese WTO suit strikes back at U.S. duties

      GENEVA (Reuters) - China launched a complaint at the World Trade Organization on Friday against U.S. import duties on 22 Chinese products that the United States says are unfairly priced or subsidized, including solar panels and steel products. "China firmly opposes the abuse of trade remedy measures and trade protectionism," …

    • EU says China, U.S., Japan also have economic work to do Reuters - 5 hrs ago

      BRUSSELS (Reuters) - The United States and Japan must tackle their tax issues and China must relax restrictions on the yuan, as they share responsibility with Europe … More »EU says China, U.S., Japan also have economic work to do

      BRUSSELS (Reuters) - The United States and Japan must tackle their tax issues and China must relax restrictions on the yuan, as they share responsibility with Europe for restoring global economic health, EU leaders said ahead of a June summit of the G20 leading economies. In a letter addressed to all 27 European Union nations, …

    • File photo of shopper walking down aisle in newly opened Walmart Neighborhood Market in Chicago
      May consumer sentiment highest in more than four years Reuters - 4 hrs ago

      NEW YORK (Reuters) - Consumer sentiment rose to its highest level in more than four years in May as Americans stayed optimistic about the job market, while higher income … More »May consumer sentiment highest in more than four years

      File photo of shopper walking down aisle in newly opened Walmart Neighborhood Market in Chicago

      NEW YORK (Reuters) - Consumer sentiment rose to its highest level in more than four years in May as Americans stayed optimistic about the job market, while higher income households expected to see bigger wage increases, a survey released on Friday showed. The Thomson Reuters/University of Michigan's final reading on the …

    • NASDAQ OMX board elects interim chairman Reuters - 4 hrs ago

      NEW YORK (Reuters) - Nasdaq OMX said on Friday its board of directors elected Börje Ekholm to serve as the interim chairman of the exchange operator, replacing Furlong … More »NASDAQ OMX board elects interim chairman

      NEW YORK (Reuters) - Nasdaq OMX said on Friday its board of directors elected Börje Ekholm to serve as the interim chairman of the exchange operator, replacing Furlong Baldwin, who retired. Ekholm, chief executive of Nordic-based industrial holding company Investor AB, Nasdaq's No. 2 shareholder, steps into the position …

    • A man walks past the Merrill Lynch building in New York
      Exclusive: Merrill misstep may hurt battle vs. broker claims Reuters - 5 hrs ago

      NEW YORK (Reuters) - Merrill Lynch's battle to void a $10 million arbitration ruling suffered a setback this week after a new court filing raised questions about its … More »Exclusive: Merrill misstep may hurt battle vs. broker claims

      A man walks past the Merrill Lynch building in New York

      NEW YORK (Reuters) - Merrill Lynch's battle to void a $10 million arbitration ruling suffered a setback this week after a new court filing raised questions about its claims that a panel member had not disclosed her potential conflicts. The brokerage giant, which Bank of America agreed to acquire in 2008, is challenging …

    • FILE - In a Dec. 9, 2011 file photo specialist Michael Gagliano, foreground right, works at a post on the floor of the New York Stock Exchange. Wall Street appeared set for a higher open, Friday May 25, 2012 with Dow Jones industrial futures rising 0.2 percent to 12,558 and S&P 500 futures gaining 0.3 percent to 1,326.20. (AP Photo/Richard Drew)
      Stocks fall on Wall Street as Spanish bank teeters AP - 6 hrs ago

      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 »Stocks fall on Wall Street as Spanish bank teeters

      FILE - In a Dec. 9, 2011 file photo specialist Michael Gagliano, foreground right, works at a post on the floor of the New York Stock Exchange. Wall Street appeared set for a higher open, Friday May 25, 2012 with Dow Jones industrial futures rising 0.2 percent to 12,558 and S&P 500 futures gaining 0.3 percent to 1,326.20. (AP Photo/Richard Drew)

      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.

    • A man shouts slogans during a protest outside headquarters of Spain's fourth largest bank Bankia in Madrid
      Bankia, Catalonia pile on Spanish debt worries Reuters - 7 hrs ago

      MADRID (Reuters) - Financial troubles at a big Spanish bank and one of the country's richest regions, Catalonia, piled on problems on Friday for the Madrid government … More »Bankia, Catalonia pile on Spanish debt worries

      A man shouts slogans during a protest outside headquarters of Spain's fourth largest bank Bankia in Madrid

      MADRID (Reuters) - Financial troubles at a big Spanish bank and one of the country's richest regions, Catalonia, piled on problems on Friday for the Madrid government and for investors who question whether it can pay its debts without help from euro zone allies. Bankia SA, Spain's fourth biggest bank and newly nationalized, …

    • A still image from broadcast footage shows Rupert Murdoch speaking at the Leveson Inquiry at the High Court in London
      Murdoch private eye targeted U.S. hedge fund boss Reuters - 9 hrs ago

      (Reuters) - A private detective working for Rupert Murdoch's British newspapers used a legally questionable tactic to obtain a hotel bill that a New York financier ran … More »Murdoch private eye targeted U.S. hedge fund boss

      A still image from broadcast footage shows Rupert Murdoch speaking at the Leveson Inquiry at the High Court in London

      (Reuters) - A private detective working for Rupert Murdoch's British newspapers used a legally questionable tactic to obtain a hotel bill that a New York financier ran up at one of London's swankest hotels, records reviewed by Reuters show. ...

    • Why that flat Facebook IPO isn't so bad after all AP - 3 hrs ago

      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 … More »Why that flat Facebook IPO isn't so bad after all

      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?

    • FILE - In this Friday, April 20, 2012 file photo Spanish Government spokeswoman and Deputy Premier Soraya Saenz de Santamaria points her pen during a press conference following the conservative government's weekly Cabinet meeting at the Moncloa Palace, in Madrid. Spain's market regulator suspended trading of shares in bailed-out Bankia on Friday May 25, 2012, ahead of a key board meeting at which the lender is expected to decide how much more rescue money it needs from the government. (AP Photo/Daniel Ochoa de Olza, file)
      Spain's Bankia asks for $24B in state aid AP - 3 hrs ago

      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 … More »Spain's Bankia asks for $24B in state aid

      FILE - In this Friday, April 20, 2012 file photo Spanish Government spokeswoman and Deputy Premier Soraya Saenz de Santamaria points her pen during a press conference following the conservative government's weekly Cabinet meeting at the Moncloa Palace, in Madrid. Spain's market regulator suspended trading of shares in bailed-out Bankia on Friday May 25, 2012, ahead of a key board meeting at which the lender is expected to decide how much more rescue money it needs from the government. (AP Photo/Daniel Ochoa de Olza, file)

      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.

    • JPMorgan board to shake up risk committee: WSJ Reuters - 3 hrs ago

      (Reuters) - The board of JPMorgan Chase & Co is expected to make changes to its risk-policy committee after the bank's trading losses of more than $2 billion, The Wall … More »JPMorgan board to shake up risk committee: WSJ

      (Reuters) - The board of JPMorgan Chase & Co is expected to make changes to its risk-policy committee after the bank's trading losses of more than $2 billion, The Wall Street Journal reported on Friday, citing anonymous sources. The board is expected to add either Timothy Flynn or James Bell to the committee, the Journal …

    • People make transactions at the ATM machines outside bank branches in Athens
      Analysis: Greeks not alone in bank savings exodus Reuters - 9 hrs ago

      LONDON/ATHENS (Reuters) - Greek savers may be gripped by a "great fear that could develop into panic" in the words of President Karolos Papoulias, but many Greeks shifted … More »Analysis: Greeks not alone in bank savings exodus

      People make transactions at the ATM machines outside bank branches in Athens

      LONDON/ATHENS (Reuters) - Greek savers may be gripped by a "great fear that could develop into panic" in the words of President Karolos Papoulias, but many Greeks shifted their money to safer havens in Britain, Switzerland, Germany and Nordic countries long ago. Worries about a run on Greek banks have rattled Athens this …

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