WASHINGTON (Reuters) - Finance ministers of the Group of Seven most industrialized nations urged oil-producing countries on Tuesday to raise output to ensure the market is well supplied, while warning that the West was ready to tap strategic oil reserves to offset rising prices that could hamper global growth.
Reuters
ResCap exec bonus plan rejected by U.S. judge
(Reuters) - A federal bankruptcy judge on Tuesday rejected Residential Capital LLC's proposal to pay as much as $7 million worth of incentive bonuses to 17 senior executives, saying the payout was primarily retentive -- a reward for staying in their jobs.
Fidelity's Abigail Johnson to head all main operations
BOSTON (Reuters) - Fidelity Investments said Tuesday Abigail Johnson was promoted to run all of the company's main businesses, the strongest signal yet that she could be the next leader of the mutual fund powerhouse founded by her grandfather.
Hyundai may miss monthly sales targets due to strikes: source
SEOUL (Reuters) - Hyundai Motor may miss its overseas sales target next month because of strikes at its South Korean plants, said a company executive with direct knowledge of the sales.
Wall Street ends flat, volume among lightest of year
NEW YORK (Reuters) - Stocks ended little changed in another day of scarce activity on Tuesday after mixed economic data gave investors little reason to shift their focus from Federal Reserve Chairman Ben Bernanke's speech on Friday.
Travel companies must face American Airlines antitrust suit: judge
NEW YORK (Reuters) - A U.S. federal judge has denied a request by Orbitz Worldwide Inc , Sabre Holdings Corp and Travelport Ltd to dismiss a lawsuit filed by American Airlines Inc that accuses the companies of antitrust violations.
WellPoint CEO Braly steps down, Cannon named interim CEO
NEW YORK (Reuters) - WellPoint Inc Chief Executive Angela Braly abruptly stepped down from her post on Tuesday following growing investor dissatisfaction with the health insurer's financial performance.
Euro, Asian shares steady in run-up to Jackson Hole
TOKYO (Reuters) - The euro, Asian shares and commodities held steady on Wednesday as investors awaited U.S. Federal Reserve Chairman Ben Bernanke's speech to international central bankers gathering in Jackson Hole on Friday and a European Central Bank meeting next week.
ECB's Liikanen warns policymakers on speaking out on euro crisis: report
HELSINKI (Reuters) - Policymakers should consider what they say before commenting on the euro's future to avoid creating market jitters that could enflame the crisis, European Central Bank Governing Council member Erkki Liikanen was quoted as saying.
China economy shows signs of stabilizing: NDRC
BEIJING (Reuters) - China's economy is stabilizing slowly as pro-growth government policies gain traction while real estate curbs have surpressed speculation, the head of the country's top planning agency, the National Development and Reform Commission, said on Wednesday.
