The Chinese Internet industry is coming of age, as some of its biggest players prepare to start new chapters as publicly traded companies in the US.» Read More
BOSTON, March 17- Big U.S. companies appear to have handed out smaller increases in compensation to their chief executives in 2013 than in 2012, mainly as a result of reduced grants of stock options, according to an early review of annual regulatory filings.
WASHINGTON, March 16- President Barack Obama told Russian President Vladimir Putin on Sunday the United States rejected the results of a secession referendum in Ukraine's Crimea region and warned that Washington was ready to impose sanctions on Moscow over the crisis.
*China widens yuan trading band, adds risk to market. SHANGHAI, March 17- The Chinese central bank's decision to relax its grip on the yuan has been welcomed as a sign of financial liberalisation, but it is aggravating concerns among foreign executives and investors about their exposure to China in the near term.
WASHINGTON, March 16- The United States warned Russia on Sunday that Western sanctions were imminent and Moscow would pay an increasing price for its military intervention in Ukraine as the White House rejected a referendum in the Crimea region that it was powerless to stop.
WASHINGTON, March 16- The White House warned President Vladimir Putin on Sunday that Moscow would face sanctions in coming days and international isolation that will hurt Russia's economy, as Washington fumed over a referendum in Ukraine's Crimea region that it was powerless to stop.
WASHINGTON, March 16- As details emerge about how General Motors Co dealt with faulty ignition switches in some of its models, car owners are increasingly angry after learning that the automaker knowingly allowed them to drive defective vehicles. Saturn Ion owner Nancy Bowman of Washington, Michigan, said she is outraged that GM allowed her to drive a "death trap."
LONDON, March 15- New York has knocked London from its position as the world's leading global financial centre after seven years, according to the Global Financial Centres Index compiled by London- based consultancy Z/Yen.
ANTANANARIVO, March 15- The World Bank and the European Union will resume financial support to Madagascar, officials said, pledging to help rebuild the Indian Ocean island economy still reeling from a coup in 2009..
Treasury Secretary Jacob Lew will meet Brazilian Finance Minister Guido Mantega and Brazilian Central Bank Governor Alexandre Tombini. LONDON- Bank of England Deputy Governor for Financial Stability John Cunliffe will take part in a conference at Chatham House titled "New Rules on Market Structure, Trading and Funding"- 0930 GMT.
Biogen and American Electric Power will both remain part of the S&P 500.. Coffee maker Keurig Green Mountain Inc. will move to the S&P 500 from the S&P MidCap 400, while oil and gas company WPX Energy Inc. will move to the MidCap index.
Autozone Inc. rose $4.51 or. 9 percent, to $533.25. Bed Bath& Beyond Inc. fell$. 23 or. 3 percent, to $68.30. Best Buy rose$. 41 or 1.6 percent, to $25.70.
NEW YORK-- Shares of some top drug benefits companies were mixed at the close of trading:. CVSCaremark rose$. 25 or. 3 percent, to $72.75. Express Scripts Holding Co. fell$. 64 or. 8 percent, to $77.36.
Las Vegas Sands Corp. rose$. 06 or. 1 percent, to $82.25. MGM Resorts International fell$. 23 or. 9 percent, to $26.27. Marriott International Inc. rose$. 17 or. 3 percent, to $53.88.
Kelly Services Inc. class A fell$. 17 or. 7 percent, to $24.59. Korn/Ferry International Inc. fell$. 13 or. 5 percent, to $28.12. ManpowerGroup fell$. 05 or. 1 percent, to $76.25.
Caterpillar fell$. 22 or. 2 percent, to $95.39. Deere& Co. fell$. 78 or. 9 percent, to $87.20. Terex fell$. 38 or. 9 percent, to $41.00.
NEW YORK-- Shares of some top telecom companies were up at the close of trading:. AT&T Inc. rose$. 14 or. 4 percent, to $32.49. Verizon Communications Inc. rose$. 05 or. 1 percent, to $46.08.
Kohl's Corp. rose$. 43 or. 8 percent, to $54.92. Macy's Inc. rose$. 37 or. 6 percent, to $58.58. Nordstrom fell$. 18 or. 3 percent, to $61.33.
Comcast Corp. rose$. 18 or. 4 percent, to $50.64. Walt Disney Co. rose$. 14 or. 2 percent, to $80.07. Gannett rose$. 22 or. 8 percent, to $27.96.
Hecla Mining Co. rose$. 01 or. 3 percent, to $3.57. Pan American Silver Corp. rose$. 01 or. 1 percent, to $14.88. Silver Standard Resources Inc. rose$. 23 or 2.0 percent, to $11.57.
Apollo Group rose$. 14 or. 4 percent, to $32.24. Career Education Corp. rose$. 01 or. 1 percent, to $6.82. Strayer Education Inc. rose$. 29 or. 6 percent, to $46.03.