Administration plans big pay cuts at bailout firms

By: BiodunIginla

Thursday, October 22, 2009  by Melissa Gruz, US Desk of BBC News for the BBC'a Biodun Iginla<

about 1 month ago

US 'plans bail-out firm pay cut'

By: patelashishme0932

Firms in the US which received billions of dollars of government aid in the financial crisis are to be told to cut the pay of top executives. The seven companies that received the most aid from the US Treasury will have to reduce the basic salaries of their 25 best-paid employees by up to 90%. The totals paid to each firm's 125 top earners ...

about 1 month ago

President Barack Obama's stimulus plan cannot reach all industries

By: christopherbutler

Eastern Connecticut once was the Mecca of the textile industry, with active and occupied mills and factories on nearly every street corner that came to define the town. Thousands of western European immigrants traveled just to the area for the certainty of a paying occupation in the textiles, in mills thriving from Danielson to ...

about 1 month ago

Tribune Newspapers To Close Dec. 31

By: ChrisSieroty

The Tribune Newspapers, which publish editions in Mesa, Gilbert, Chandler and Queen Creek, will cease operations on Dec. 31, the parent company Freedom Communications announced Monday. Freedom officials announced the closure to employees Monday morning, citing economic reasons, industry pressures and the inability to find a suitable buyer for ...

about 1 month ago