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Manufacturing execs more upbeat on recovery |
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Tuesday, 30 March 2010 09:33 |
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BOSTON (Reuters) - U.S. manufacturing executives have a brighter outlook on the economic recovery than do their colleagues in the European Union or the service sector, according to a study released on Tuesday.
But that new confidence does not signal a pickup in hiring, with less than half of U.S. manufacturing officials expecting to boost their companies' employment, the KPMG Business Outlook Survey found.
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Last Updated on Tuesday, 30 March 2010 09:34 |
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Fed's Evans: Monetary policy not effective for pricking bubbles |
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Tuesday, 30 March 2010 09:03 |
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NEW YORK (Reuters) - Monetary policy is not an effective tool for pricking asset bubbles, but central banks without authority to supervise banks may have no alternative, Chicago Federal Reserve President Charles Evans said Tuesday.
Evans made the comments as reform proposals move forward in Washington to strip the Fed -- the U.S. central bank -- of supervisory authority over small banks. The reforms would add to the Fed's role in supervising large financial institutions.
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Last Updated on Tuesday, 30 March 2010 09:25 |
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Toyota vows change as quality control panel meets |
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Tuesday, 30 March 2010 09:03 |
 By Chang-Ran Kim, Asia autos correspondent
TOYOTA CITY, Japan (Reuters) - Toyota Motor Corp <7203.T>, reeling from a recall crisis, launched a task force on Tuesday aimed at regaining consumer trust and pledged to give more clout to its regional operations to speed up decisions on quality issues.
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Last Updated on Tuesday, 30 March 2010 09:34 |
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China's Geely says scale key to drive Volvo to profits |
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Tuesday, 30 March 2010 09:03 |
 By Michael Wei and Doug Young
BEIJING/HONG KONG (Reuters) - Zhejiang Geely Holding Group, China's biggest private carmaker, said on Tuesday scale is the key to returning Volvo to profitability, but has no current plans to build the Swedish brand in China.
Geely, parent of Hong Kong-listed Geely Automobile <0175.HK>, is prepared to pump up to $900 million in capital into Volvo, which it is buying from Ford . That would be in addition to $1.8 billion that Geely will pay Ford for Volvo.
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Last Updated on Tuesday, 30 March 2010 09:34 |
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Kraft CEO's 2009 compensation at $26 million, up 41 percent |
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Tuesday, 30 March 2010 09:03 |
 (Reuters) - Kraft Foods Inc , the largest North American food maker, paid Chief Executive Irene Rosenfeld $26.3 million in total compensation last year, 41 percent more than what she received in 2008, a regulatory filing showed.
Rosenfeld received about $1.5 million in salary, $7.8 million in stock awards, about $1.9 million in option awards and about $4 million in annual incentive awards. She also received $10.6 million in a non-equity incentive plan, the company said in a filing with the U.S. Securities and Exchange Commission.
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Last Updated on Tuesday, 30 March 2010 09:34 |
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