Market Place: U.S. Opposes Bankruptcy Bonus Plan
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The Justice Department is opposing a proposed pay system for top executives of the Dana Corporation, which is in bankruptcy protection.
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Struggling U.S. companies must not  use the federal pension agency as a "dumping ground" for their  pension plans in order to survive, a key lawmaker working on  pension reform legislation warned on Tuesday.
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A federal bankruptcy judge in New York yesterday denied Enron Corp.&#39;s request to block a lawsuit by a federal agency seeking to take control of the company&#39;s pension plans.
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Struggling US companies must not use the federal pension agency as a &quot;dumping ground&quot; for their pension plans in order to survive, a key lawmaker working on pension reform legislation warned on Tuesday.
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The Supreme Court considered Wednesday how much retirement savings people can shield when they file for bankruptcy, an important question as more Americans go into debt.
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Recent credit market turmoil has increased downside risks for the economy, but the U.S. Federal Reserve would refrain from taking action to bail out investors who made bad decisions, top policy-makers said on Thursday.
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Media & professional: Â· Radical shakeup proposed to limit bar on payouts  Â· ABI insists changes would not help consumer
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U.S. Treasury Under Secretary John  Taylor on Friday dealt a blow to plans which could lift Africa  out of poverty, saying the United States opposed a British debt  relief scheme and a new financing facility.
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Fannie Mae's board has decided not to give out executive bonuses potentially worth $44.4 million for some of the years when the federally chartered housing finance company's earnings were misstated.
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WASHINGTON -- With the number of personal bankruptcies rising throughout the nation, the Supreme Court considered yesterday whether IRAs, the popular retirement savings accounts, are safe from creditors during a bankruptcy.
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Rupert Murdoch's News Corp. Ltd. has offered an olive branch to investors opposed to it moving its main share listing to the United States, telling them it is considering moves to enhance shareholder rights.
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The pension plan at a U.K. unit of  bankrupt auto parts maker Federal-Mogul Corp. FDMLQ.OB on  Friday rejected a $130 million offer by financier Carl Icahn to  keep it afloat, prompting a warning from bondholders that the  plan may be liquidated.
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Renewed signs of strength in the U.S. economy have forced a number of Wall Street firms to back away from forecasts for interest rate cuts this year.
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U.S. CEO pay packages will come under greater fire at annual meetings in the next few months as more than 90 U.S. corporations face resolutions from stockholders battered by the credit crunch and economic slowdown.
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A Securities and Exchange Commission proposal to sharply limit the number of Americans who can invest in hedge funds has triggered a public backlash -- and the latest controversy over the booming private investment pools.
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The pilots union at US Airways Group Inc. says it will oppose a motion in bankruptcy court expected Friday that will seek immediate pay cuts for its members.
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A Bank of America spokesman declined to comment on a Merrill Lynch research report that suggested the second largest US bank might be interested in taking over Britain's Barclays bank.