Universal replaces top movie studio executives following summer of box-office bustsLOS ANGELES — Universal Studios on Monday replaced two of its top movie executives in an apparent effort to reverse the box-office slump that has dropped it from fourth to last place among the six major Hollywood studios. PepsiCo names Jaya Kumar president of Quaker Food & Snacks segmentPURCHASE, N.Y. — PepsiCo Inc., the soft drink and snacks maker, said Monday it named Jaya Kumar president of its Quaker Food & Snacks unit. Mass. court upholds $2M award to Wal-Mart pharmacist who claimed male co-workers got more payBOSTON — A former pharmacist at Wal-Mart Stores Inc. who claimed she was fired after asking to be paid the same as her male colleagues is entitled to $2 million in damages awarded by a jury, the state’s highest court ruled Monday. AmExpress President Kelly to step down in early 2010; wants to run a company as CEONEW YORK — American Express Co. said Monday its president, Alfred F. Kelly Jr., will step down early next year. American Express President Alfred Kelly Jr. to step down in early 2010NEW YORK — American Express Co. says its president, Alfred F. Kelly Jr., will step down early next year. New Chrysler management separates Dodge truck, car brands; Chrysler, Dodge chiefs resignDETROIT — Chrysler’s new Italian management on Monday announced a surprise shake-up of the automaker’s executive team, saying two recently appointed brand CEOs have left and that it was splitting Dodge into two groups, one focusing on trucks and the other on cars. Chrysler names executives to lead new Dodge Ram, Car brands; Chrysler, Dodge chiefs resignAUBURN HILLS, Mich. — Chrysler Group LLC has named executives to head its newly created Dodge Ram and Dodge Car brands. Some students get classes in tents after Indonesian quake ravages school systemPADANG, Indonesia — Hundreds of children went back to class Monday in schools set up in tents in Indonesia’s earthquake zone to get counseling on the loss of loved ones and homes, as authorities tried to restore normalcy after the disaster. US nursing homes pushed to brink: fund cuts, recession force layoffs, cutbacks, closingsHARTFORD, Conn. — The nation’s nursing homes are perilously close to laying off workers, cutting services — possibly even closing — because of a perfect storm wallop from the recession and deep federal and state government spending cuts, industry experts say. Obama national security adviser downplays threat of renewed al-Qaida haven in AfghanistanWASHINGTON — A top U.S. commander’s public plea for more troops in Afghanistan prompted a mild rebuke Sunday from the White House national security adviser, as the administration heads into a second week of intensive negotiations over its evolving Afghan strategy. Heavy rains hamper search for bodies in Indonesia’s quake-destroyed hamlets
Expected tourism boost halted in Appalachia as region takes greater hit from sour economyELBERTON, Ga. — Along the quiet banks of Lake Russell, where bees buzz and grass blows lazily in the wind, Elbert County’s top development official envisioned a resort that would bring vacationers’ dollars to the declining granite quarrying hub. Olympic boom? Or Olympic bust? Going for the gold doesn’t always pay off for Olympic hostsBig sporting events have big budgets. Depending whom you ask, they have big payoffs, too. Possible extensions of jobless, health benefits eyed by administration for laid-off workersWASHINGTON — The Obama administration is considering steps to ease the burdens of laid-off workers, including possible extensions of unemployment and health benefits, officials said Saturday. Russian industrial watchdog: Negligence a factor in hydropower plant disaster that killed 75MOSCOW — Russia’s top industrial safety oversight official said Saturday that negligence was a major factor in a devastating accident at the country’s biggest hydroelectric power plant, and hinted that high-level officials could face trial over the disaster that killed 75 workers. Union workers at Bridgestone-Firestone ratify new 4-year contract covering 4,500 employeesPITTSBURGH — The United Steelworkers union said Saturday that its members at tiremaker Bridgestone Firestone North American Tire LLC ratified new four-year contracts covering 4,500 workers at six tire and rubber product plants. Obama says businesses will hire more workers if Congress passes health care packageWASHINGTON — As the unemployment rate climbs, President Barack Obama is trying to make the case that his health care overhaul would create jobs by making small business startups more affordable. Madoff trustee sues Madoff’s brother, sons, niece to recover almost $200 million for investorsNEW YORK — Bernard Madoff’s brother, sons and a niece used the family finance business like a “piggy bank,” a court-appointed trustee says, and he is suing them to return almost $200 million that he says fueled their lavish lifestyle at the expense of investors. Jobless rate heads for 10 percent; employers skeptical of recovery aren’t ready to hireWASHINGTON — Job hunters will face long odds well into next year. As the unemployment rate inches closer to 10 percent, most businesses are nowhere close to hiring again. A snapshot of major employment categories and how they faredA snapshot of major employment categories, and how they fared in the past two months: Senate GOP leader offers no support for Ensign amid new allegations about cover-up affairWASHINGTON — Sen. John Ensign of Nevada was only beginning to emerge from a self-imposed political exile over fallout from his extramarital affair with a campaign aide. Now, tawdry new details about the case are raising fresh questions whether Ensign can be re-elected in 2012 — or even face criminal charges over his behavior. California requests $4.7 billion from stimulus fund to help build high-speed rail networkLOS ANGELES — Gov. Arnold Schwarzenegger requested $4.7 billion in federal stimulus money Friday to help build an 800-mile bullet train system from San Diego to San Francisco. Disney’s Miramax to trim film slate to about 3 from 6-8 per year; 50 positions to be cutLOS ANGELES — The Walt Disney Co. said Friday its Miramax Films division will slash the number of movies it produces each year, which it says will lead to “significant cost savings.” Bankruptcy trustee, unions object to Visteon’s revised bonus planDOVER, Del. — Auto parts supplier Visteon Inc. has backed off a proposal to pay up to $80 million in bonuses to top executives and other employees, but a revised bonus plan it has filed in bankruptcy court is still generating opposition. Bank of America names team to oversee search for new CEO to replace LewisCHARLOTTE, N.C. — Bank of America Corp. said Friday it created a six-member committee of directors to find a successor for CEO Ken Lewis. ALL BUSINESS: Pay package for new Freddie Mac CFO is sending a disturbing messageNEW YORK — The pay package given to Freddie Mac’s new chief financial officer should have sent a message from Washington to corporate America about how executive compensation standards must change. Instead, it did just the opposite. Hallmark says it will cut 225-250 jobs nationwide by the end of the yearKANSAS CITY, Mo. — Hallmark Cards Inc. says it will eliminate another 225 to 250 jobs across the country by the end of the year. Oil prices fall as unemployment rate hits 26-year high, sowing doubt about economy’s reboundOil prices tumbled Friday as unemployment hit a 26-year high, sowing more doubts about the strength of the economic recovery and crude demand. Bank of America board authorizes $713 million dividend payment on government investmentCHARLOTTE, N.C. — Bank of America Corp. said Friday its board authorized a $713 million dividend payment on preferred stock issued to the Treasury Department as part of the government’s bank rescue program last year. Unemployment rate rises to 9.8 percent in September, as employers cut 263,000 jobsWASHINGTON — The unemployment rate rose to 9.8 percent in September, the highest since June 1983, as employers cut far more jobs than expected. |
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Heavy rains hold up search for bodies in Indonesia
