GM CEO pay package: $ 9 million - General Motors

NEW YORK (CNNMoney.com) -- Daniel Akerson, the new chief executive of General Motors, has scored a $9 million compensation package, including $1.7 million in cash annually and $5.3 million in company stock over the next three years.




Akerson is also entitled to $2 million worth of restricted stock as a part of a long-term incentive pay program, according to a filing Friday with the Securities and Exchange Commission.

China's inflation battle intensifies - China and the high price

NEW YORK (CNNMoney.com) -- Inflation in China accelerated last month, as rising food prices pushed overall prices higher.



The consumer price index increased to 3.5% in August, compared to a 3.3% annual rate in July, China's National Bureau of Statistics reported on Saturday.




from cnn