American International Group has launched a new system to determine how employees get incentive pay, a move that follows public outcry over retention payments the bailed-out insurer made to some staff. Under the plan, which is being pushed by Chief Executive Robert Benmosche, AIG will rank employees on a scale of 1 to 4, based [...]
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Wall Street cuts losses, ends up with techs, materials
February 7th, 2010 
admin NEW YORK: Stocks erased a midday drop to end slightly higher on Friday, closing out a volatile week punctuated by mixed signals from the labor market data and growing anxiety over fiscal problems in Europe. Major indexes turned positive heading into the close, as investors scooped up shares in the technology and materials sectors — [...]
