Obama wants salary caps for bailout CEOs

WASHINGTON–U.S. President Barack Obama wants to impose a $500,000 pay cap on executives whose firms receive government financial rescue funds, a dramatic intervention into […]

Panasonic set to book $3.9 billion annual loss: source

Japan’s Panasonic Corp is set to book a $3.9 billion annual net loss, a source with knowledge of the matter said on Monday, as […]

Fed vows to expand efforts on economy

WASHINGTON — Conceding that the economy is still spiraling downward on most fronts, the Federal Reserve signaled Wednesday that it would expand its use […]