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Executive Compensation

German consumer morale falls slightly heading into October

BERLIN, Sept 28 BRThe mood among German consumers worsened slightly heading into October but remains at one of the highest levels in more than a decade, a survey showed on Wednesday, suggesting that private consumption is likely to compensate for weakening exports.

MIDEAST STOCKS-Gulf may fall after hopes for oil deal fade

DUBAI, Sept 28 Stock markets in the Gulf may fall on Wednesday after Saudi Arabia and Iran dashed market hopes that the two major OPEC producers would find a compromise at a meeting in Algiers to help ease a global glut of oil.

11:21am IST

UPDATE 3-Wells Fargo CEO forfeits millions as board orders review

Sept 27 Wells Fargo & Co said on Tuesday that Chief Executive Officer John Stumpf will forfeit unvested equity awards worth about $41 million and will not get a salary while the company's board investigates the bank's sales practices.

7:49am IST

Wells Fargo launches investigation into retail banking sales practices

Wells Fargo & Co said on Tuesday that Chief Executive John Stumpf will forfeit unvested equity awards worth about $41 million and will not get a salary during an independent investigation into the bank's sales practices.

5:50am IST

BRIEF-Wells Fargo conducting investigation of retail banking sales practices

* Independent directors of Wells Fargo conducting investigation of retail banking sales practices and related matters

4:42am IST

Ex-AIG chief Hank Greenberg, 91, testifies in fraud case

NEW YORK, Sept 27 More than a decade after he was sued over accounting fraud, former American International Group Inc Chairman Maurice "Hank" Greenberg on Tuesday took the witness stand to defend himself, repeatedly describing one claim against him as "only a small part" of the insurer's business.

4:28am IST

BRIEF-China Fibretech updates on customer claims

* Company had received further notices from three customers on 26 september 2016

1:12am IST

UPDATE 1-Big investors like Norway's wealth fund should use heft to increase growth potential -study

OSLO, Sept 27 Norway's $887 billion sovereign wealth fund and other institutional investors should invest in illiquid, unlisted assets in emerging economies if they want to make money in the future, a leading expert on the fund said on Tuesday.

27 Sep 2016

Saudi chops wage, benefit bill in delicate pursuit of austerity

RIYADH/DUBAI A decision to slash ministerial pay by a fifth reflects Saudi Arabia's resolve to nudge its citizens into tolerating a fall in living standards at a time of low oil prices.

Business, Economy 27 Sep 2016

Big investors like Norway's wealth fund should use heft to increase growth potential -study

OSLO, Sept 27 Norway's $887 billion sovereign wealth fund and other institutional investors should invest in illiquid, unlisted assets in emerging economies if they want to make money in the future, a leading expert on the fund said on Tuesday.

27 Sep 2016

Director's cut: Best-paid corporate boards

A seat on a corporate board is nice work if you can get it, especially at three companies that pay their directors more than $100,000 per meeting. A Reuters Special Report.  Full Article