By MAE ANDERSON AP Business Writer NEW YORK (AP) — Pay packages for the women who run S&P 500 companies jumped in 2021 as the economy recovered and stock prices and profits soared. Median pay for the women occupying the corner office rose 26% to nearly $16 million, according to the annual survey done by
Continue Reading MADRID (AP) — The Spanish government will tighten judicial control over the country’s intelligence agency. Prime Minister Pedro Sánchez made the announcement Thursday, weeks after the agency admitted it had spied on several pro-independence supporters in Catalonia with judicial authorization. The country’s National Intelligence Center has been under fire since April, after the digital rights
Continue Reading The Associated Press For its annual analysis of CEO pay, The Associated Press used data provided by Equilar, an executive data firm. Equilar examined regulatory filings detailing the pay packages of 343 executives. Equilar looked at companies in the S&P 500 index that filed proxy statements with federal regulators between Jan. 1 and April 30,
Continue Reading The Associated Press Expedia’s Peter Kern and Advanced Micro Devices’ Lisa Su are among the top paid CEOs in the S&P 500 index. Median compensation for CEOs in the index of big U.S. companies climbed to $14.5 million last year, up 17.1%, according to an annual survey conducted for The Associated Press by Equilar. Atop
Continue Reading ISTANBUL (AP) — Turkey’s central bank kept its main interest rate unchanged for a fifth month running despite an annual inflation rate of nearly 70%. The bank said Thursday it would keep its policy rate “constant” at 14%. It argued inflation was driven by geopolitical developments and the “temporary effects of pricing formations.” The decision
Continue Reading NEW YORK (AP) — U.S. markets marched higher before the open, one day after details from the Federal Reserve’s latest meeting confirmed expectations of more interest rate hikes but no big surprises. On Wall Street, futures for the benchmark Dow Jones Industrial Average rose 0.8%, as did the S&P 500. Investors are uneasy over the
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CNN By Holmes Lybrand A father and son team was convicted Wednesday for rushing a group of police officers guarding an entrance to the US Capitol on January 6, 2021, helping to allow the mob outside to flood in. It was a “major breach point,” prosecutors said during a sentencing hearing for the pair on
Continue ReadingBy Frank Pallotta, CNN Business Jimmy Kimmel delivered yet another emotional plea to America’s lawmakers after a mass shooting in America. The ABC late night host responded to the school shooting this week at Robb Elementary School in Uvalde, Texas, with tears in his eyes. “Here we are again, on another day of mourning in
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By MICHELLE CHAPMAN AP Business Writer Computer chip and software maker Broadcom will spend about $61 billion to acquire the cloud technology company VMware, one of the biggest deals of the year despite rising inflation and economic uncertainty. The proposed deal comes just weeks after billionaire and Tesla CEO Elon Musk offered to spend $44
Continue Reading By ZEKE MILLER Associated Press WASHINGTON (AP) — The White House on Thursday announced more steps to make the antiviral treatment Paxlovid more accessible across the U.S. as it projects COVID-19 infections will continue to spread over the summer travel season. The nation’s first federally backed test-to-treat site is opening Thursday in Rhode Island, providing
Continue Reading By JILL LAWLESS and SYLVIA HUI Associated Press LONDON (AP) — The British government unveiled a multibillion-pound package Thursday to ease a severe cost-of-living squeeze, announcing the plan a day after Prime Minister Boris Johnson vowed to “move on” from a months-long scandal over parties in government buildings during COVID-19 lockdowns. Treasury chief Rishi Sunak
Continue Reading NEW YORK (AP) — Computer chip and software maker Broadcom will pay $61 billion for VMware, one of the biggest acquisitions of the year.
Continue ReadingMelissa Velásquez Loaiza (CNN) — Once bebés recién nacidos murieron después de un incendio que se desató en el departamento de neonatología del Hospital Mame Abdou Aziz Sy Dabakh en la ciudad de Tivaouane, en el oeste de Senegal, dijo este jueves el presidente del país, Macky Sall. “Acabo de enterarme, con dolor y consternación,
Continue ReadingBy CNN Sports Staff As the United States reels from the mass shooting at an elementary school in Uvalde, Texas, that killed 19 children and two teachers, its sports leagues reacted by offering condolences to the victims’ families and calling for stricter gun legislation. While sport continued, each game seemed diminished by the magnitude of
Continue ReadingBy Mark Thompson and Clare Sebastian, CNN Business Russia slashed interest rates on Thursday as a resurgent ruble — buoyed by robust oil and gas revenues and government support — takes some pressure off its wobbling economy. At an extraordinary meeting, the Russian central bank cut interest rates to 11% from 14% and said further
Continue Reading LISBON, Portugal (AP) — The Portuguese government has given its authorization for the sale of Chelsea by Roman Abramovich, who as a Portuguese passport holder needed its approval. The decision by Portugal was announced a day after the British government approved the sale of Chelsea by the sanctioned Russian oligarch to a consortium fronted by
Continue Reading By JAMEY KEATEN Associated Press DAVOS, Switzerland (AP) — German Chancellor Olaf Scholz expressed hopes Friday for global cooperation on climate change, hunger and war, while dozens of climate activists demonstrated in the Swiss town of Davos as a meeting of global elites ended with many words but little concrete action to solve the world’s
Continue ReadingJuan Pablo Elverdin (CNN) — El fatal tiroteo de 19 niños y dos adultos este martes en Uvalde, Texas, ha conmocionado al país, evocando recuerdos de otros trágicos tiroteos en escuelas como Columbine, Newtown y Parkland, y renovando los llamamientos para que el Congreso haga algo. Pero la respuesta a esos llamamientos de muchos legisladores
Continue Reading KYIV, Ukraine (AP) — Russia pressed Thursday for the West to lift sanctions imposed because of its war in Ukraine, claiming without proof that the punitive measures are preventing millions of tons of grain and other agricultural products from leaving Ukrainian ports, exacerbating a global food crisis. Ukraine is one of the world’s largest exporters
Continue ReadingBy Katie Lobosco, CNN President Joe Biden is canceling some federal student loan debt, making a once pie-in-the-sky idea a reality. The application officially opened Monday, allowing low- and middle-class federal student loan borrowers to apply for up to $20,000 in debt relief. But while some Democrats have urged the President to erase large amounts
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