Executive Compensation

Fitch Affirms General Motors' and General Motors Financial's IDRs at 'BB+'; Outlook Positive

(The following statement was released by the rating agency) CHICAGO, August 27 (Fitch) Fitch Ratings has affirmed the Issuer Default Ratings (IDRs) of General Motors Company (GM) and its General Motors Holdings LLC (GM Holdings) subsidiary at 'BB+'. In addition, Fitch has affirmed GM Holdings' secured revolving credit facility rating at 'BBB-' and GM's senior unsecured notes rating at 'BB+'. The Rating Outlook for GM and GM Holdings is Positive. Fitch has also affirmed the long-term IDRs and

McDonald's directors OK raise for head of struggling Asia unit

Aug 27 - McDonald's Corp said on Wednesday its board's compensation committee approved a 10.7 percent salary increase for David Hoffmann, president of the fast-food chain's Asia/Pacific, Middle East and Africa unit, which has been battered by weakness in China and Japan.

27 Aug 2014

UPDATE 1-Indonesia's new president discusses budget with predecessor

* State fuel retailer subsidy plan led to panic buying (Recasts with meeting between incoming and outgoing leaders)

27 Aug 2014

UPDATE 4-IMF's Lagarde put under investigation in French fraud case

* Lagarde under formal investigation for alleged negligence

27 Aug 2014

Sanctions headache for foreign executives at Russian firms

MOSCOW, Aug 27 - Western sanctions over the Ukraine crisis could force some executives at Russian firms with foreign passports to give up certain duties, complicating life at the top of some of the country's largest companies.

27 Aug 2014

IMF's Lagarde put under investigation in French fraud case

PARIS - IMF chief Christine Lagarde has been put under formal investigation by French magistrates for negligence in a political fraud affair dating from 2008 when she was finance minister.

Economy, Business, IMF 27 Aug 2014

UPDATE 3-RBS mortgage fine deals blow to boss McEwan

* RBS writing to customers inviting them to raise concerns

27 Aug 2014

Dutch farmers dump tonnes of produce as Russian sanctions hit prices

AMSTERDAM, Aug 27 - Tonnes of tomatoes, pears and apples were being dumped by Dutch farmers on Wednesday as they signed up for compensation after prices plunged in response to Russian sanctions on Western food imports, officials said.

27 Aug 2014

As Japan pushes power deregulation, Tepco moves in on rivals' turf

TOKYO, Aug 27 - Tokyo Electric Power Co said on Wednesday it would start supplying power to customers in areas controlled by other regional monopolies, as a shake-up in Japan's electricity industry since the Fukushima disaster gathers pace.

27 Aug 2014

Insurers pay more tax on executive compensation under Obamacare: study

- When Washington eliminated corporate tax deductions on health insurance executive compensation above $500,000 under President Barack Obama's healthcare reform law in 2013, it generated more than $72 million in additional tax revenue for the U.S. government, a left-leaning think tank said on Wednesday.

27 Aug 2014
Photo

Is U.S. economic patriotism hurting?

Any Americans believing that their country is being bought up by the Chinese might want to think again, according to the Vale Columbia Center on Sustainable International Investment.