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About 1,200 U.S. sales representatives at Wyeth have been told their positions are being eliminated as of Monday, the drug maker said Thursday.
The move is part of a major companywide program, announced nine weeks ago, to cut jobs and other costs and redesign the business of Madison, N.J.-based Wyeth, which is struggling with increased […]

Airbus parent EADS landed its second big government order in as many months Thursday when the British company signed a $26.36 billion contract to replace the Royal Air Force’s aging fleet of mid-air refueling tankers.
Airbus will provide the Royal Air Force with 14 new A330-200 passenger aircraft converted for military use under a 27-year […]

JPMorgan Chase & Co. is offering bonuses to the top brokers at Bear Stearns Cos. to get them to stay with the company after it is acquired, JPMorgan said Tuesday.
The packages, which would go into effect when JPMorgan’s buyout is completed, are aimed at keeping Bear Stearns’ best-performing brokers from leaving for another investment […]

Delays are expected in deliveries of the first Superjets, a regional jet that Russia is banking on to restore the country’s aircraft competitiveness, the director of Russia’s airplane-building conglomerate was quoted as saying Monday.
The first Superjets were to be delivered to Aeroflot at the end of this year. But Russian news agencies quoted United […]

One spouse or partner in a relationship balances the checkbook and pays the bills. The other is in charge of investments. They communicate about household finances and ask three essential questions:
•How will the survivor’s monthly income be affected after one of them dies?
•What will happen to their savings in case of a […]

An agreement by government-run funds of Abu Dhabi and Singapore to increase transparency won't shed more light on Temasek Holdings Pte's $118 billion portfolio, because the company said it already meets disclosure guidelines.
U.S. Treasury Secretary Henry Paulson said yesterday that funds including the Government of Singapore Investment Corp. agreed to adopt rules for […]

A reading of U.S. homebuilders’ sentiment was stuck near its lowest level in March, as the housing industry’s malaise gave it little reason to improve.
The National Association of Home Builders said Monday its housing market index for March was the third lowest reading on record. The index, which gauges builders’ perceptions of current conditions, […]

Investors should avoid owning shares of most financial institutions until the industry begins raising up to $1.2 trillion in fresh capital, a Friedman Billings Ramsey analyst said Monday.
Government-sponsored enterprises, which include mortgage lenders Fannie Mae and Freddie Mac, need to raise about $20 billion apiece and the banking system needs $200 billion to $250 […]

A housing and fair lending activist group has challenged the legality of the Federal Reserve’s quick approval of financing for Bear Stearns (BSC.N: Quote, Profile, Research) via JPMorgan Chase (JPM.N: Quote, Profile, Research), questioning the Fed’s authority to approve the deal because it involves a non-bank institution.
Inner City Press Community on the Move, in […]

Genentech Inc. Chairman and Chief Executive Arthur Levinson collected compensation valued at $13.9 million in 2007 as the biotechnology giant watched its share prices fall amid slowing growth in sales of its cancer-fighting drugs.
According to a proxy statement the company filed Wednesday with the Securities and Exchange Commission, Levinson received just under $1 million […]