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Suit Alleges Nextel Faked Pre-merger Sales Data: Paper

NEW YORK (Reuters) - A former Sprint Nextel <S.N> executive has sued the No. 3 mobile service provider for wrongful dismissal, saying that she was fired after claiming Nextel Partners

AIG’s Sullivan Sees Pay Fall About 48 Pct in 2007

NEW YORK (Reuters) - American International Group <AIG.N>, the world's largest insurer, cut Chief Executive Martin Sullivan's 2007 pay by about 48 percent from 2006, to $13.93 million, according to

MBIA’s Bond Insurer Unit Loses Top Rating From Fitch

NEW YORK (Reuters) - MBIA Inc's <MBI.N> insurance arm on Friday lost its top rating from Fitch Ratings, which also cut the parent company's ratings due to capital adequacy concerns.

Ford Pays CEO $22 Million, Cites Turnaround Gains

DETROIT (Reuters) - Ford Motor Co <F.N> reported on Friday that Chief Executive Alan Mulally earned more than $22 million in 2007, citing progress in revamping both the strategy and

Trump Says No Deals in the Works to Sell Casinos

LOS ANGELES (Reuters) - Trump Entertainment Resorts Inc <TRMP.O> said on Friday it remains focused on its strategic plan for operating, and improving performance at all of its casino hotels,

Lehman Sees Banks, Others Writing Down $400 Billion

NEW YORK (Reuters) - Lehman Brothers Inc strategists expect financial institutions worldwide to write down as much as $400 billion for bad debts by the end of 2008, and said

Analysts Slash Q1 Estimates For U.S. Banks

BANGALORE (Reuters) - Since the start of the month, Wall Street analysts have forecast first-quarter losses at Citigroup <C.N> and Merrill Lynch <MER.N> and slashed their earnings estimates for several

MBIA Says Disagrees With Fitch’s Downgrade

NEW YORK (Reuters) - MBIA Inc <MBI.N>, the largest bond insurer in the world, said on Friday it disagreed with rating agency Fitch's decision to strip its main unit of

Gates Sees Next Windows "sometime" in Next Year

MIAMI (Reuters) - Microsoft Corp.<MSFT.O> co-founder Bill Gates said on Friday he expected the new version of Windows operating software, code-named Windows 7, to be released "sometime in the next

All about Standard & Poor’s (S&P)

Standard & Poor's (S&P) is a division of McGraw-Hill that publishes financial research and analysis on stocks and bonds. It is one of the top three companies in this business,