The mining and construction equipment maker said it would reduce executive compensation by up to 50 percent next year because of weakening demand.

In a Wall Street bonus season unlike any other, banks are shrinking bonuses and using novel payments to deflect public hostility.

In a Wall Street bonus season unlike any other, banks are shrinking bonuses and using novel payments to deflect public hostility.

NBC Universal’s entertainment division announced an overhaul anticipated since reports leaked that the company would streamline operations under new executives.

A spokesman for Julius Baer declined to comment on the cause amid reports, attributed to unidentified sources, that it was suicide.

The ascension of Philip J. Smith and Robert E. Wankel to the top of the Shubert Organization ended a 20-plus-year guessing game about the future of the largest theater-owning enterprise in the nation.

The chief executives of Detroit’s Big Three, who took a drubbing for flying on private jets to Washington last month for a Congressional hearing, will be driving to get to the capital this time.

The Detroit automakers will have diverging agendas as they take their second run at Congress for federal aid.

After three years at Goldman Sachs, James H. M. Sprayregen will return to Kirkland & Ellis, the law firm where he spent 16 years advising companies on bankruptcy matters.

The Detroit automakers have been lumped together for decades as the Big Three, and for good reason, as their goals have usually been aligned.