Labor
JPMorgan Chase promoting Sommers
JPMorgan Chase is promoting Barry Sommers to CEO of its consumer bank. He replaces Ryan McInerney, who is leaving the company to become Visa Inc.'s president. Sommers previously served as CEO of Chase Wealth Management, which is part of the consumer banking business that he will now lead. Sommers will ...
Between economy and trouble, Obama approval steady
The economy is recovering, the White House is dealing with multiple controversies, and President Barack Obama appears generally unaffected either way. He's getting no significant uptick in approval from gains in housing, jobs and the stock market. Likewise, he has so far seen no downtick from the recent storms over ...
CEO raises, pay cuts; What a change 1 year makes
Here's a look at the CEOs that received the biggest raises and the biggest pay cuts in 2012 compared with 2011, as calculated by the executive pay research firm Equilar and The Associated Press. Whose pay rose the most: 1. Ronald Havner Jr., Public Storage, $15.4 million, up 456 percent ...
Top 50 highest-paid CEOs
A look at the 50 highest-paid CEOs of 2012, as calculated by executive pay research firm Equilar. 1. Leslie Moonves, CBS, $60.3 million, down 12 percent 2. David Zaslav, Discovery Communications, $49.9 million, down 5 percent 3. Bob Iger, Disney, $37.1 million, up 18 percent 4. Philippe Dauman, Viacom, $33.4 ...
Unum executive to retire; company raises dividend
Unum Group said Thursday that one of its top executives will depart the insurance company. The company said that Kevin McCarthy, chief operating officer of the company and CEO of its Unum US operating unit, plans to retire in the first quarter of 2014. He is stepping down from his ...
KeyCorp names Donald Kimble as its CFO
KeyCorp has named Donald R. Kimble as its new chief financial officer. The parent of KeyBank, which is based in Cleveland, announced earlier this month that Jeffrey Weeden planned to retire from the role. Kimble previously served as CFO at Huntington Bancshares Inc. As CFO for KeyCorp., Kimble will be ...
Visa names McInerney as president
Visa has named Ryan McInerney as president and tapped Elizabeth Buse to head its newly created global solutions group. The payments processing company said Thursday that McInerney will be responsible for its global client organization and product management. He will also oversee a new solutions group, which will focus on ...
Applications for US unemployment aid fall to 340K
The number of Americans applying for unemployment benefits fell 23,000 last week to a seasonally adjusted 340,000, a level consistent with solid job growth. The less volatile four-week average ticked down just 500 to 339,500, the Labor Department said Thursday. That's close to the five-year low of 338,000 reached during ...
US unemployment aid applications fall to 340K
The number of Americans applying for unemployment benefits fell by 23,000 last week, further evidence that the job market is slowly returning to health. Applications for unemployment aid declined to a seasonally adjusted 340,000 in the week ending May 18, the Labor Department said Thursday. That's down from 363,000 the ...
House passes GOP bill to speed pipeline approval
House Republicans pushed through a bill Wednesday to bypass the president to speed approval of the Keystone XL oil pipeline from Canada to Texas. Democrats criticized the legislation as a blatant attempt to allow a foreign company to avoid environmental review. The bill was approved, 241-175, largely along party lines. ...
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