Update 1: Judge Backs Owens Corning on Exec Bonuses
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Owens Corning was well within its rights to offer its top executives bonuses to keep them from leaving the bankrupt corporation, a judge said Wednesday.
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CHICAGO : The judge overseeing United Airlines&#39; bankruptcy case struck a controversial pension-related brief from the record, in the latest development in the row over United&#39;s underfunded pension plans.
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Hollinger International&#39;s $US1.25billion ($1.7 billion) legal action alleging racketeering against former chief executive Conrad Black and businesses he controlled was dismissed by a US federal judge last Friday.
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SAN ANTONIO -- The Securities and Exchange Commission advised telecommunications giant AT&amp;T Inc. that shareholders should be allowed to vote next month on whether they want to examine executive compensation annually.
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A U.S. judge on Thursday allowed former  media baron Conrad Black to remain free on $21 million bond  pending his sentencing later this year on fraud and obstruction  convictions.
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The judge who presided over the Securities and Exchange CommissionÂs fraud suit against MCI threatened to punish the company for not receiving approval from a monitor before paying fees to lawyers, accountants and other professionals.
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A federal judge has not yet approved the deal announced this month under which 10 former WorldCom directors agreed to pay 20 percent of their combined net worth -- around $18 million -- to settle their part of the shareholder lawsuit.
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The judge at the trial of two former  executives at Enron Corp. Broadband Internet denied a request  on Tuesday to question jurors about whether they had seen news  reports about the convictions of former Enron CEOs Ken Lay and  Jeffrey Skilling.
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The judge in the WorldCom lawsuit ruled that the investment banks that sold billions of dollars in the companyÂs bonds must persuade a jury that they conducted appropriate due diligence before the offering.
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A federal judge ruled on Tuesday to extend the U.S. government's antitrust oversight of Microsoft Corp  for two more years, but stopped short of granting a five-year extension sought by states accusing the company of continuing monopolistic behavior.
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Corning Inc, the world&#39;s largest maker of glass substrates used in liquid-crystal displays (LCDs), said yesterday that it would go ahead with its capacity expansion as planned, adding that decisions
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A US bankruptcy court judge approved an agreement yesterday that extends US Airways Group Inc.&#39;s ability to draw on cash from its lenders to fund operations through mid-January.
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Michael Cherkasky, the newly appointed chief executive of Marsh &amp; McLennan Cos., can pick up as much as $1.95 million annually under the terms of his pay package
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Bank of America Corp. said a departing executive is eligible to collect about $20.7 million in severance and other payments from the company.
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A federal judge dismissed Hollinger International Inc.&#39;s $1.25 billion racketeering suit accusing former Chief Executive Conrad Black and businesses he controls of looting more than $380 million from the company.
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Goldman Sachs Group's  board of  directors awarded a $67.9 million bonus to Chairman and Chief  Executive Lloyd Blankfein for 2007, according to a filing with  regulators.
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Year-end bonuses for investment bankers are expected to rise 10 percent to 15 percent from last year, executives and compensation experts say.