NEW YORK— Institutional Shareholder Services, a leading shareholder advisory firm, is telling shareholders to protest Sprint Corp. CEO Dan Hesse's $49 million 2013 pay package, saying it's excessive and not tied to performance. Hesse got a special $18.7 million "retention" award in connection with Softbank Corp. of Japan buying 70 percent of Sprint last year.
MIAMI— Federal officials have capped the amount of money scofflaws will be forced to pay if they don't buy insurance this year at $2,448 per person and $12,240 for a family of five. The penalty for the first year starts at $95 per adult or $47.50 per child under 18, and it can rise to as much as 1 percent of annual household income.
WICHITA, Kan.— Airplane maker Bombardier Inc. is cutting 1,800 jobs across facilities worldwide as it restructures operations. Spokeswoman Isabelle Rondeau with the Montreal- based company said Thursday that Bombardier plans to reorganize the company into four business segments before Jan. 1.
WASHINGTON, July 23- U.S. regulators and 15 states announced a wave of lawsuits on Wednesday against law firms and mortgage assistance companies they said have scammed borrowers since at least 2011 by falsely promising home loan modifications and other foreclosure relief.
*Chipotle rallies a day after results, Netflix slides. Netflix Inc, one of the market's biggest trading favorites over the past few years, reported a quarterly profit that more than doubled on Monday after the market closed. However, on Tuesday, Netflix shares fell 4.6 percent to $431.09 as the company's plans to expand in Europe were seen as eroding profits.
With just two weeks before lawmakers' sacrosanct August break, progress is decidedly mixed on several must-pass items due to Capitol Hill partisanship, heightened by midterm elections and the Obama administration's conflicting signals to Congress.
SIOUX FALLS, S.D.— Tests this summer on Pierre Shale that stretches across much of the Great Plains could help build the case for an underground lab and, if feasible, lead to energy production or underground storage in the rock formation.
NEW YORK, July 18- A federal judge in New York has granted prosecutors access to a Gmail user's emails as part of a criminal probe, a decision that could fan the debate over how aggressively the government may pursue data if doing so may invade people's privacy.
NEW YORK, July 18- A federal judge in New York has granted prosecutors access to a Gmail user's emails as part of a criminal probe, in a decision that could fan the debate over how aggressively the government may pursue data if doing so may invade people's privacy.
WASHINGTON— Since the Great Recession officially ended in June 2009, the U.S. economy has generated 7.8 million jobs. North Dakota, benefiting from an oil and gas drilling boom, has created nearly 98,000 jobs over the past five years, a 27 percent increase-- by far the best in the country.
TOPEKA, Kan.— Kansas saw its unemployment rate inch up to 4.9 percent in June but also experience modest, over-the-year growth in private-sector jobs. However, June's figure still was significantly better than the 5.6 percent recorded in June 2013.
NEW YORK/ LONDON, July 15- When Imperial Tobacco Group Plc agreed Tuesday to buy a group of brands from Reynolds American Inc and Lorillard Inc as part of their merger, the British company insisted the assets include Lorillard's blu e-cigarette unit.
NEW YORK, July 15- Retirement payouts for 19.3 million U.S. state and local government workers in coming years are not likely to look much different from the iron-clad pensions that former teachers and police now get.
NEW YORK/ LONDON, July 15- Reynolds American Inc had no choice but to sell Lorillard Inc's top-selling blu electronic cigarettes brand after Britain's Imperial Tobacco Group Plc insisted it be part of a wider portfolio of assets it is buying, a source familiar with the transaction said.
KANSAS CITY, Kan.— Kansas City, Kansas, officials say an employee of the BNSF Railway died after he fell into a train car full of grain. Fire department officials say 48- year-old James Breedlove died in the accident Monday at railroad yards in Kansas City, Kansas.
GENEVA— Swiss chocolate maker Lindt& Spruengli says it is buying U.S. manufacturer Russell Stover Candies, Inc., for an undisclosed sum. Lindt CEO Ernst Tanner said Monday that the purchase provides "a unique opportunity for us to expand our North American chocolate business."
NEW YORK, July 14- Federal prosecutors are developing a criminal fraud case hinged on whether General Motors made misleading statements about a deadly ignition switch flaw, and are examining activity dating back a decade, before GM's 2009 bankruptcy, according to multiple sources familiar with the investigation.
HOUSTON— Oilfield services company Baker Hughes Inc. says the number of rigs exploring for oil and natural gas in the U.S. rose by one this week to 1,875.. Of the major oil- and gas-producing states, Alaska, Kansas, Louisiana, Pennsylvania and Texas gained two rigs each. Arkansas, Colorado, New Mexico and Utah had unchanged rig counts.
WICHITA, Kan.— Kansas farmers wrapping up this year's winter wheat harvest probably don't need another government report to tell them this isn't a good year, but the forecast released Friday by the Agriculture Department paints an even heavier toll from a widespread drought than previously thought.
WASHINGTON, July 11- The U.S. Department of Agriculture on Friday signaled abundant U.S. and world grain and soybean supplies in the coming year, a trend anticipated in futures markets for weeks by rapidly falling prices.