The winning bids have exceeded $2 million in four of the past six years, and in 2012 the auction winner paid $3,456,789.
Former New York Mayor Michael Bloomberg, in his new U.N. job, said cities hold the key to confronting climate change because they account for 75 percent of the heat-trapping gases and their mayors have executive powers to reduce emissions.
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, according to an Associated Press/Equilar pay study.
Donald Levine, the Hasbro executive credited as the father of G.I. Joe for developing the world's first action figure, has died. He was 86.
Federal Reserve Chair Janet Yellen is paying tribute to the man she succeeded three months ago, saying Ben Bernanke demonstrated the courage and grit that were needed to stabilize the financial system and restore economic growth.
General Motors is hiring Volkswagen's top U.S. spokesman Tony Cervone as its new public relations chief.
Anheuser-Busch did not discriminate against a former executive by paying her significantly less than a male predecessor, a jury in St. Louis decided Friday.
"Think different" became Apple's creed during the late Steve Jobs' reign as CEO. Now, chief executive Tim Cook is embracing the idea while making decisions that would have seemed crazy to his fabled predecessor.
Colin Pillinger, an ebullient space scientist who captured the popular imagination with his failed attempt to land a British probe on Mars, has died. He was 70.
Thirteen young entrepreneurs from across the country have won the chance to present their business ideas to investor Warren Buffett later this month.
Billionaire Warren Buffett says he's confident that the man who eventually succeeds him as Berkshire Hathaway's chief executive will have the right skills for the job.
Another former Anheuser-Busch CEO is defending the beer maker's executive pay plan in a gender discrimination lawsuit filed by a one-time top-ranking female executive with the St. Louis brewer.
Federico was GM's highest-ranking executive with safety in his title in February, when the company began recalling 2.6 million older-model small cars to replace the defective ignition switches.
Investor Warren Buffett says General Motors' new CEO would do a great job running any business, and she is the best person to handle the company's recall problems.
Six years after the sale of AB to inBev, the trial fascinates a company town, threatening to give more unwanted publicity to a family dynasty that's had its fair share.
Alan Mulally, the man who transformed Ford Motor Co. from a dysfunctional money-loser to a thriving company, will retire July 1 and be replaced by Mark Fields, the current chief operating officer.
Former General Motors CEO Dan Akerson's compensation fell 18 percent last year to just over $9 million, which the company said was due to the timing of stock awards.
A German court has thrown out market manipulation charges against the former CEO and chief financial officer of Porsche over the sports car maker's failed attempt to take over Volkswagen AG in 2009.
Caterpillar cut the value of its CEO's pay package by 32 percent to $12 million in 2013, a year when the heavy machinery maker saw its profits fall by a third, according to an Associated Press analysis.
General Motors is replacing the executives in charge of communications and human resources as it struggles with a string of embarrassing recalls that have led to congressional hearings and federal investigations.
Contreras-Sweet says entrepreneurs are the difference-makers in the U.S. economy and that SBA plays a pivotal role in helping them overcome hurdles.
Ford CEO Alan Mulally's compensation rose 11 percent to $23.2 million in 2013, as the company reported record profits in North America and Asia.
Google paid co-founders Larry Page and Sergey Brin their customary $1 salaries last year while Executive Chairman Eric Schmidt's compensation more than doubled to $19.3 million.
Frank Fischer, who has headed Volkswagen's only U.S. plant in Chattanooga since its construction, is leaving to manage the automaker's factory in Emden, Germany.