NEW YORK - WALL Street paid out 44 per cent less in bonuses last year as securities companies laid off thousands of workers and stock prices plunged, New York state officials said on Wednesday.
NEW YORK - US STOCKS opened higher on Wednesday amid market optimism President Barack Obama was moving swiftly to rescue loss-ridden banks and jolt the economy from deep recession.
MADRID - THE Spanish economy is in recession for the first time since 1993, contracting during the final two quarters of 2008, an estimate by the central bank here showed on Wednesday.
NEW DELHI - SATYAM founder B. Ramalinga Raju created a network of almost 300 companies to divert funds from the fraud-hit Indian outsourcing giant, an Indian minister said on Wednesday.
