Finance

Profits at big U.S. companies broke records last year, and so did pay for CEOs. The head of a typical public company made $9.6 million in 2011, according to an analysis by The Associated Press using data from Equilar, an executive pay research firm. That was up more than 6 percent from the previous year, and is the second year in a row of increases.

More Americans will hit the road this holiday weekend than a year ago. And they'll have a bit more money to spend thanks to lower gas prices. Memorial Day kicks off the summer travel season, and since pump prices never reached $4 or $5 a gallon, as feared, economists says travelers are likely to dine out or shop more once they pull off the road. About 30.7 million people will drive more than 50 miles for Memorial Day

Tweet Share this Email Print Related News Citadel lost $30 million in Facebook fiasco: source 3:42pm EDT Facebook IPO is flashback to dot-com class action 8:17pm EDT Analysis & Opinion One reason for Facebook IPO mess: Zuck didn't care Facebook: The List of Incompetents Related Topics Tech " Media " Facebook " Related Video Nasdaq's Facebook mess gets nastier 5:29pm EDT U.S.

NEW YORK: The spate of complaints and investigations over the Facebook stock offering suggests big institutions had an edge over small investors, raising questions about the process. The initial public offering last week which raised a record US$16 billion has sparked fury, and lawsuits, amid concerns that key information about the outlook for the social network giant might not have been made widely available.

Chief justice denies in court that amount was $10m and apologises leaving the previous day citing medical condition By Gilbert P. Felongco, Correspondent Image Credit: Reuters Supreme Court Chief Justice Renato Corona, with a hep- lock attached to his hand, signs a waiver authorising banks to open his dollar and peso bank accounts during his trial. Manila: Supreme Court chief justice Renato Corona appeared for the second