Thursday | September 9, 2010

Business

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Oracle plans to pay Hurd US$950,000

Oracle plans to pay newly appointed President Mark Hurd a base salary of US$950,000 a year. The company also says the former Hewlett-Packard Company CEO, who was ousted by that company last month, is eligible for a fiscal 2011 bonus...

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EU stress-test body defends assessment

The little-known body that organised this summer's stress tests into 91 banks in the European Union (EU) bloc defended itself on Wednesday against charges that its assessment was not rigorous enough...