Executive Compensation
Insight: For nuns and analysts alike, bank commodity earnings are a mystery
NEW YORK - When the Reverend Seamus Finn got an email from Goldman Sachs last week, the giant Wall Street bank was addressing an issue that was already on his mind.

Pentagon review protects weapons for now, but uncertainty abounds
WASHINGTON - Defense Secretary Chuck Hagel's rollout Wednesday of a long-awaited strategic budget review left big weapons programs unscathed for now, focusing more on cuts to Pentagon overhead, compensation packages and troop levels.
Pentagon warns of tough trade-offs in face of looming cuts
WASHINGTON - Defense Secretary Chuck Hagel on Wednesday pledged $40 billion in new Pentagon spending reductions over the next decade, but warned that additional cuts required by law posed stark choices that could bend or break the president's defense strategy.
Dying out? China's young shun family firms
HONG KONG - Dai Yintao, 21, is the only son of the millionaire owner of Chinese real estate, pharmaceutical and mining companies. He has no interest in taking over his father's business, opting instead to work on a building site in Guiyang in Guizhou province, arriving each day in a Porsche.
Pentagon warns of tough trade-offs in face of looming cuts
WASHINGTON - Defense Secretary Chuck Hagel on Wednesday pledged $40 billion in new Pentagon spending reductions over the next decade, but warned that additional cuts required by law posed stark choices that could bend or break the president's defense strategy.
FDA panel recommends over-the-counter use of Sanofi allergy drug
WASHINGTON, July 31 - Sanofi SA's allergy drug Nasacort AQ is safe enough to be used without a prescription, a panel of advisors to the U.S. Food and Drug Administration ruled on Wednesday.
UPDATE 1-Mexico's opposition party proposes sweeping energy reform
MEXICO CITY, July 31 - Mexico's opposition conservative party proposed sweeping energy reform on Wednesday to change the constitution to allow more private investment and promote competition, while the ruling party is expected to present its own plans for an overhaul next week.
Ex-NCAA athletes score court victory over EA video games
- A divided U.S. federal appeals court rejected Electronic Arts Inc's effort to throw out a lawsuit by former collegiate athletes who accused the company of using their images in video games without permission.
PRESS DIGEST - British Business - July 31
July 31 - The following are the top stories on the business pages of British newspapers. Reuters has not verified these stories and does not vouch for their accuracy.
'Obamacare' mandate delay will cost $12 billion, affect 1 million workers
WASHINGTON - President Barack Obama's decision to delay implementation of part of his healthcare reform law will cost $12 billion and leave a million fewer Americans with employer-sponsored health insurance in 2014, congressional researchers said Tuesday.
Director's cut: Best-paid corporate boards
A seat on a corporate board is nice work if you can get it, especially at three companies that pay their directors more than $100,000 per meeting. A Reuters Special Report. Full Article

