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Bank of America CEO Kenneth Lewis may be in for much more than a trip to the woodshed. Ever since Bank of America completed its deal to buy Merrill Lynch, questions have lingered about whether the chief executive was completely honest with shareholders about the state of Merrill - specifically about the year-end bonuses paid out to Merrill employees despite the investment bank's huge 2008 losses. Bank of America shareholders have already voted to remove Lewis from the post of chairman in part because losses at Merrill turned out to be worse than Lewis let on. But that...
Some have signed deals with even cheaper retailers, such as Jimmy Choo designer Tamara Mellon's deal with H&M, Anna Sui's clothing line for Target, and Vera Wang's partnership with Kohl's. This week, Narciso Rodriguez announced plans to sell a line of his clothing exclusively...
...Obama reportedly wrote a private letter to Medvedev suggesting that the missile shield would become unnecessary were Russia to help the U.S. prevent Iran from developing into a nuclear threat. The Russians also made the missile shield a central issue in negotiations with Washington over a new arms-control deal to replace the Strategic Arms Reduction Treaty. That treaty expires in December, and Obama has made putting a new treaty in place by then a priority of his Russia policy. (Read "Anders Fogh Rasmussen: The Reformer...
...difficult for the U.S. - for the simple reason that the shield doesn't offer any significant protection. The system that would have been deployed in Poland and the Czech Republic was in every sense a work in progress whose testing had not yet proved any real-world capacity to deal with a hostile missile threat. In that sense, the missile "shield" was every bit as hypothetical as the Iranian missile threat against which it was ostensibly deployed...
...that government works - and that's reflected in this Cabinet." Hatoyama has surrounded himself with key DPJ executives in what Okumura says could be the "strongest across the board" Cabinet ever. Key members are Finance Minister Hirohisa Fujii and Health Minister Akira Nagatsuma, who will have to deal with tough issues that the Japanese public - aging and anxious about the future - want tackled quickly: the anemic economy and the mismanaged pension system run by the Health Ministry...