Metro-East News

May 27, 2014

Daily business briefing: CEO pay up

The median pay package for a chief executive officer rose above eight figures for the first time last year. The head of a typical large public company earned a record $10.5 million, an increase of 8.8 percent from $9.6 million in 2012. Read more at http://www.bnd.com/business. ...

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Bank of America has resubmitted its capital plan to the Federal Reserve. Last month, the bank's shares fell 4 percent after errors were discovered in an initial report. For more information, go to http://www.bnd.com/business. ...

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The price of oil has remains above $104 a barrel early Tuesday as conflicts in Ukraine and Libya were likely to affect crude supplies. Learn more at http://www.bnd.com/business. ...

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The American Booksellers Association has reported its core membership has increased to 1,664, up from 1,632 last year and more than 200 higher since 2009. Find out more at http://www.bnd.com/business.

-- Will Buss, BND business writer

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