Lexus tops J.D. Power's most dependable car ranking
American automakers are closing the gap but Lexus, Toyota Motor Co.'s luxury division, still makes the most dependable cars sold in America, according to the latest survey by J.D. Power and Associates.
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CNN Money
Jamie Dimon Will Get a Pay Cut After Trading Loss
NEW YORK — JPMorgan Chase reported a 55 percent jump in earnings for the last three months of 2012 as mortgage fees and other income surged. The bank also released internal reviews of a surprise $6 billion trading loss that has drawn sanctions from regulators and said it would cut its CEO’s pay as a result. JPMorgan, the country’s biggest bank by assets, will pay Jamie Dimon $11.5 million for 2012, consisting of $1.5 million in salary and restricted stock awards of $10 million. That’s less than half what he made last year, $23 million, which made him the highest-paid chief executive of any of the country’s mega-banks. The bank’s board of directors sets the pay for Dimon and other top executives. In a call with reporters, Dimon said he wasn’t involved in their decision but respected it. When a reporter asked him for his “gut feeling,” he replied, “Nope, you’re not gonna get it.” (MORE: What the Current Economic Outlook Means for American Families) It was just the latest ...
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Acura's NSX supercar a step closer to production
The once and future Acura NSX has taken a big leap closer to returning to production, the Honda luxury division revealing a second prototype version of the supercar during a preview at the North American International Auto Show in Detroit.
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MSNBC
Gymboree names Gap executive as new CEO
Mark Breitbard, president of the Gap Inc's North American division is going to take over as Chief Executive of children's clothes company Gymboree Corp, the children's clothes company said on Tuesday.
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Reuters
AIG's aircraft leasing arm confident of China dominance
HONG KONG - International Lease Finance Corp (ILFC), the aircraft leasing arm of American International Group Inc , has shrugged off threats from a growing number of domestic players in China, its biggest single market, saying it has the "first mover" advantage with over 200 planes on order.
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Reuters