Ford zooms
Ford Motor’s 43 per cent sales jump in Feb ruary outpaced the rest of the auto industry. Separately, GM re called 1.3 million com pact cars over power steering problems.
Greece cuts
Greek Prime Minister George Papandreou said his government is discov ering “new holes” in the budget on a daily basis as it prepares to announce as much as $6.5 billion in extra deficit cuts today.
Salary hike
American International Group Inc., the bailed-out insurer, may be allowed by the US paymaster to boost salaries for some of its highest-paid execu tives.
Key defeat
Istithmar World Capital, the private equity arm of the Dubai government’s investment fund, has handed back the keys of the 300,000 square foot building at 42nd Street and Broadway to its lender Danske Bank after defaulting on its $300 mil lion mortgage.
Bartz chatter
Yahoo Inc. CEO Carol Bartz says she hopes in vestors growing impatient for her to turn around the slumping Internet com pany remember how long it took for Steve Jobs to revive Apple Inc.