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Stocks mixed as investors reassess Fed worries
Investors recovered their poise by midday Thursday after an early sell-off sent stocks sharply lower. U.S. markets fell immediately after the opening bell following a global slump prompted in part by an unexpectedly weak report on manufacturing in China. Concern that the Federal Reserve might ease back on its economic ...
Stocks mixed as investors reassess Fed worries
Investors recovered their poise by midday Thursday after an early sell-off sent stocks sharply lower. U.S. markets fell immediately after the opening bell following a global slump prompted in part by an unexpectedly weak report on manufacturing in China. Concern that the Federal Reserve might ease back on its economic ...
IMF head Lagarde in court in fraud probe
International Monetary Fund chief Christine Lagarde is facing questions at a special Paris court Thursday over her role in the 400 million euro ($520 million) pay-off to a controversial businessman when she was France's finance minister. The court hearing threatens to sully the reputations of both Lagarde and France. The ...
Markets roiled by Nikkei's 7.3 percent slide
Financial markets around the world were roiled Thursday after Japanese stocks suffered their biggest slide since the country was hit by a devastating tsunami more than two years ago. As a day of huge volatility ended in Europe, a steadier tone on Wall Street was emerging, easing concerns that the ...
Oil falls on concerns for China demand, Fed policy
The price of oil fell Thursday as weak manufacturing data from China raised questions about the strength of oil demand in the world's No. 2 economy. Oil's decline was exacerbated by sharp declines in global stock markets amid indications that the U.S. Federal Reserve's may pull back on its economic ...
Ex-bookkeeper admits theft, sentenced to 30 months
A former bookkeeper for a Baton Rouge firm has been sentenced to 30 months in federal prison after admitting she stole over $217,000 from her employer and an insurance company. The Advocate reports (http://bit.ly/14zGRXc ) 49-year-old Cynthia D. Windham pleaded guilty Wednesday to one count of bank fraud after telling ...
Birth control coverage up for federal appeal
In the most prominent challenge of its kind, Hobby Lobby Stores Inc. is asking a federal appeals court Thursday for an exemption from part of the federal health care law that requires it to offer employees health coverage that includes access to the morning-after pill. The Oklahoma City-based arts-and-crafts chain ...
CEO raises, pay cuts; What a change 1 year makes
Here's a look at the CEOs that received the biggest raises and the biggest pay cuts in 2012 compared with 2011, as calculated by the executive pay research firm Equilar and The Associated Press. Whose pay rose the most: 1. Ronald Havner Jr., Public Storage, $15.4 million, up 456 percent ...
Top 50 highest-paid CEOs
A look at the 50 highest-paid CEOs of 2012, as calculated by executive pay research firm Equilar. 1. Leslie Moonves, CBS, $60.3 million, down 12 percent 2. David Zaslav, Discovery Communications, $49.9 million, down 5 percent 3. Bob Iger, Disney, $37.1 million, up 18 percent 4. Philippe Dauman, Viacom, $33.4 ...
Unum executive to retire; company raises dividend
Unum Group said Thursday that one of its top executives will depart the insurance company. The company said that Kevin McCarthy, chief operating officer of the company and CEO of its Unum US operating unit, plans to retire in the first quarter of 2014. He is stepping down from his ...
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