Executive Compensation

Apple fires back at Nokia in patents battle

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SAN FRANCISCO/HELSINKI (Reuters) - Apple Inc accused Nokia of anti-competitive practices and patent infringement on Friday, escalating a legal battle as they fight for market share in smartphones.

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UPDATE 1-GTx to cut 28 pct of jobs; sees $1.1 mln Q4 charge

* Says remaining employees will not see any hike or bonus

5:15pm EST

SEC eyes all aspects of BofA's Merrill proxy

WASHINGTON (Reuters) - Securities regulators are looking at what Bank of America disclosed to shareholders as it was acquiring Merrill Lynch, including the investment bank's mounting fourth-quarter losses that eventually topped $15 billion.

4:54pm EST

U.S. pay czar caps more salaries at bailed out firms

WASHINGTON/NEW YORK (Reuters) - The U.S. pay czar on Friday expanded a crackdown on pay packages at four companies rescued with taxpayer money, limiting most cash salaries at $500,000 for a second tier of top earners.

3:55pm EST

White House says Republicans "rooting against" recovery

WASHINGTON (Reuters) - The White House accused senior Republicans on Friday of "rooting against" recovery and a top congressional critic charged President Barack Obama was pursuing a "job-killing" agenda in a fresh round of political bickering over the economy.

3:39pm EST

Apple, Nokia clash for lengthy court battle

SAN FRANCISCO/HELSINKI (Reuters) - Nokia Oyj and Apple Inc have only fired the opening shots of their mobile phone patent battle, but considering their legal history it should be a fierce and long war.

2:50pm EST

SEC determined to hold BofA accountable

WASHINGTON (Reuters) - U.S. securities regulators will continue to "vigorously pursue" charges against Bank of America Corp for allegedly misleading investors over bonuses paid to Merrill Lynch employees, a top Securities and Exchange Commission official said on Friday.

10:08am EST

US SEC determined to hold BofA accountable

WASHINGTON, Dec 11 (Reuters) - U.S. securities regulators will continue to "vigorously pursue" charges against Bank of America Corp for allegedly misleading investors over bonuses paid to Merrill Lynch employees, a top Securities and Exchange Commission official said on Friday.

10:06am EST

EU backs global financial transaction tax

BRUSSELS (Reuters) - The European Union urged the International Monetary Fund on Friday to pursue a global tax on financial transactions to limit the risk of another economic crisis, despite U.S. opposition.

8:47am EST

Goldman top executives to take bonuses in stock

NEW YORK (Reuters) - Goldman Sachs Group Inc plans to pay top managers their 2009 bonuses in stock, rather than cash, as it seeks to deflect outrage over a near-record pay haul months after it repaid billions of dollars in taxpayer aid.

10 Dec 2009