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Business International

'Cool hand Cayne' toughs out crisis

If Jimmy Cayne's card playing is any guide, don't expect the Bear Stearns chairman to make any rash or aggressive moves as the New York investment bank faces one of the worst crises in its history.

Retailer reports higher Q2 profit

Limited Brands Inc, the operator of Victoria's Secret and Bath & Body Works, on Wednesday (local time) posted a higher second-quarter net profit, helped by a $304 million gain from the sale of its Express apparel business.

Is it time for top CEOs to exercise a little pay restraint?

More than 100 US chief executive officers, including James Mulva of ConocoPhillips, Meg Whitman of EBay Inc and Jamie Dimon of JPMorgan Chase & Co, are sitting on unexercised-option paper profits of $6 billion, or $45 million each.

Leading leaders borrow $2b from Fed

Citigroup and four other top banks took the rare step of borrowing more than $2 billion total from the US Federal Reserve, the banks said on Wednesday, in a bid to reassure markets and remove the stigma of getting short-term financing from the central bank.

Biz People

Mohl set to quit life insurer AMP

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Business International

Biz People

Mueller takes up reins at Qwest

Toymakers reach out to minority kids

Toy store aisles are getting a multicultural makeover.

IN BRIEF (Page 16)