Wall Street Journal Brief - Bold Business Report

WSJ Brief - 4/6/2010

Front Page
§ Mine Disasters Grip U.S., China
§ China
® China 115 pulled from mine after being there for more than a week
® They are world leader in mining fatalities
§ Virginia
® Explosion kills 7 in West Virginia
® Massey Energy Co. located in Richmond, VA
§ Fujitisu's Boardroom Drama
§ Kuniaki Nozoe being forced out after making many broad changes
§ They say it was first because of illness, then inappropriate ties to a disreputable firm.
§ Nozoe says that impolitic drive to overhaul Fujitsu.
Marketplace
§ Toyota Faces $16.4M in US Fine
§ Transportation Sec. Ray Lahood says US to seek maximum fine against Toyota
§ LaHood says this was done knowingly
§ Toyota has 2 weeks to contest
§ UPS Thinks Outside the Box on Driver Training
§ Trying to fix a 30% failure rate for new drivers
§ Using high-tech simulations to get the 20 something's up to speed
§ So far the new training is working
Money & Investing
§ Traders Beat Wall Street CEOs in Pay
§ CEOs took pay cut in 09, but there traders hit pay dirt
§ While some traders are leaving for greener grass at Hedge funds, others are being offered large packages to stay, i.e. $5M - $10M
§ How Odds of Success Got Longer for Morg Stn Casino
§ Big losses and public opposition has left only one option, to "fold 'em"
§ Proposed project of $2.6B in Atlantic City

Tax incentives and threats from casino union hamper the prospect of selling the project.

Category:

News & Politics

Tags:

• mining disaster in China
• explosion in Virginia mine
• Nozoe changes to Fujitsu
• traders making big money