American Airlines pilots okay $660m wage cuts
California: The pilots' union at American Airlines on Sunday said it presented the cash-starved carrier with a concession deal worth $660m a year, which will achieve the cost-savings sought by the management.
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Callum McCarthy to head FSA
London: Former bank and energy watchdog chief Callum McCarthy is set to replace Howard Davies as the head of London’s most powerful financial watchdog, the Financial Services Authority, the Sunday Telegraph reported. An announcement is expected this week.
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Halliburton out of race for Iraq deal
Washington: Energy and construction company Halliburton Co. is out of the running for a massive U.S. government contract for reconstruction in Iraq, the Agency for International Development (AID).
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AOL says SEC questions Bertelsmann deal accounting
Washington: The U.S. Securities and Exchange Commission has questioned the accounting treatment of some advertising-related deals AOL Time Warner conducted with Bertelsmann AG in 2001, AOL said in a filing with securities regulators on Friday.
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