Morgan Stanley's Gorman weighs in on CEO pay package James Gorman, chairman & CEO of Morgan Stanley, discusses comments made by Jamie Dimon about "lazy shareholders" and explains why he feels bankers should be paid according to their performances.
Charter-Time Warner Cable deal could spawn an online video service NEW YORK, May 27- Charter Communications Inc executives are exploring whether to launch an online video service as part of its combination with larger rival Time Warner Cable Inc, in what would be an unprecedented move in the cable industry. Internet and cable company after Comcast Corp. Charter's top shareholder John Malone, a cable industry pioneer, is on...
| By: Malathi Nayak
Meet Helpling, the Uber for cleaners The "Uber for cleaners" has swept into Singapore, and it's planning to scrub up an industry it says is full of scams and black-market operators.
| By: Jessy Edwards | Special to CNBC.com
UPDATE 1-Brazil's Senate passes savings bill key for Rousseff BRASILIA, May 27- Brazil's Senate on Wednesday approved an austerity measure that cuts pension benefits as part of President Dilma Rousseff's drive to reduce a widening fiscal deficit and regain investors' confidence in the once-booming economy. On Tuesday, the Senate approved a similarly watered-down version of another measure curbing unemployment...
US high court: California county drug disposal law stands OAKLAND, Calif.- The U.S. Supreme Court is letting a Northern California county's drug disposal law stand, paving the way for similar ordinances elsewhere. The court refused to hear the pharmaceutical industry's challenge to an Alameda County program that requires drug companies to pay for the disposal of unused medicines. The law was passed to prevent unused...
Source: The Associated Press
Ocwen to cut 140 jobs at Houston May 27- Private mortgage servicer Ocwen Financial Corp said it will cut 140 jobs as part of its move to stop residential servicing operations in Houston. Ocwen has sold more than $90 billion of servicing rights since February, which includes $45 billion of mortgage servicing rights to JPMorgan Chase& Co's consumer and commercial banking unit.
JPMorgan CEO faults company and shareholders for disagreements NEW YORK, May 27- JPMorgan Chase& Co officials have not done enough to show how well the company is run, Chairman and CEO Jamie Dimon said on Wednesday, after one-third of shareholders disapproved last week of his pay and the practice of one person holding his two jobs. At the company's annual meeting last week in Detroit, JPMorgan's compensation for top executives...