Boeing will take a nearly $5 billion charge in the second quarter to compensate 737 Max customers as the planes remain grounded.Airlinesread more
Earlier, Williams delivered a speech at the annual meeting of the Central Bank Research Association in which he said, "It's better to take preventative measures than to wait...The Fedread more
Stocks in Asia Pacific traded higher on Friday morning, as comments from a U.S. Federal Reserve official led to rising expectations the central bank could ease monetary policy...Asia Marketsread more
Trump said the USS Boxer destroyed Iran's drone in the Strait of Hormuz on Thursday in a "defensive action."Politicsread more
Microsoft beat on top and bottom lines, and guidance was just ahead of expectations, but the company's Azure growth is slowing down.Technologyread more
"We've seen Netflix stumble before, especially maybe after a price hike, but not quite like this," Jim Cramer says.Mad Money with Jim Cramerread more
They also voted to absolve themselves, their party and the voters who elected them – like the ones Trump inspired to chant "send her back" at a rally Wednesday in North...Politicsread more
See which stocks are posting big moves after the bell on July 18.Market Insiderread more
House Democrats contend the $15 per hour minimum wage bill will lift workers who have not seen the benefits of a strong economy.Politicsread more
The Philadelphia Fed saw its primary gauge measuring the sector jump from 0.3 in June to 21.8, far better than Wall Street estimates of 5 and the highest in a year.Economyread more
"It's better to take preventative measures than to wait for disaster to unfold," Williams told the annual meeting of the Central Bank Research Association.The Fedread more
Austerity has crept up from the man-in-the-street to the boardroom, with one in 10 chief executives in the FTSE 350 not receiving a bonus this year.
The average (median) bonus payout for a chief executive in the FTSE 350, the index of the U.K.'s top listed companies, was £905,000 in 2013, a 7 percent fall from 2012, according to analysis by PricewaterhouseCoopers (PwC).
And around one in five FTSE100 chief executives saw pay freezes in 2013.
"Restraint is the name of the game," Tom Gosling, head of PwC's reward practice, said.
"It is unsurprising that following a bruising 2012, companies have been keen to avoid the spotlight by demonstrating a responsible approach to executive pay this year."
In 2012, a number of executives had their knuckles rapped by shareholders over their pay. There were high-profile protests about executive compensation in companies ranging from AstraZeneca to WPP. Plus, Stephen Hester, then-head of Royal Bank of Scotland, decided not to take his bonus from the taxpayer-backed bank.
Many commentators had predicted that the decline in bonuses this year would be counterweighted by higher fixed salaries and long-term incentive plans (LTIPs).
However, the expected salary increase does not seem to have happened to chief executives, according to PwC. Where salaries have risen, they only went up by an average of 3 percent, similar to U.K. inflation. But total pay packages were "largely static" from 2012, suggesting that LTIPs were indeed making up a larger part of executive remuneration.
(Read more: Bye-bye big bonuses: Hello clawbacks and caps)
Of course, this does not mean that star performers aren't still getting bonuses. Still, bonus pools have also fallen at banks, according to the think tank Centre for Economics and Business Research, due to a decline in mergers and acquisitions (M&A) and initial public offerings (IPO) — although this may pick up again, with the improvement in activity in the second half of 2013.
Follow us on Twitter: