US firms brace for China backlash over cyber spying charges

U.S. technology companies will likely bear the brunt of soured ties between Beijing and Washington over internet security, after the U.S. Department of Justice charged five Chinese military officers with cyber espionage.

US co bribed several Indian firms

Officials of Indian PSUs like BHEL and NTPC appear to be the beneficiaries of bribes that were doled out by a California-based valve company to bag lucrative contracts, mostly for tools used in the construction of power plants.

Lockheed Martin assures India of full serviceability

As IAF gets ready to induct the first of its C-130J transport aircraft early next year, Lockheed Martin has assured India of full serviceability at all times.

‘Attacks on Google, US firms traced to 2 Chinese schools’

The series of online attacks on Google and dozens of other American corporations have been traced to computers located in two Chinese schools, including one with close ties to the Chinese military.

Most US firms plan to reduce bonus component: Grant Thornton

Most of the companies in the US
are still practising cost-cutting measures and more than half
of the firms are in favour of reducing the bonus component of
their employees, says a survey.

Major US firms on route to award record pay in `09: Report

Major US banks and securities firms are on track to pay employees about $140 billion in total compensation and benefits this year.

Most US firms may not reverse pay cuts in next 6 months: Survey

Most US companies are not planning
to reverse the pay cuts made in executive salaries during the
economic crisis in the next six months despite the improving
economic climate, a survey by HR consultancy Watson Wyatt
says.

Many bailed out US firms see steep stock mkt losses

Billions of dollars of taxpayers` money may have bolstered Wall Street giants in fighting the financial turmoil but stocks of many such entities like Citigroup have plunged 75 percent in just one year.