The two pilots for Delta Air Lines Inc.’s Northwest unit who had their licenses suspended after accidentally flying past Minneapolis in October can reapply to fly Aug. 29, the Federal Aviation Administration said today.

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Pilots Who Flew Past Minneapolis Can Apply to Fly Again

American International Group Inc., the bailed-out insurer, cut retention bonuses to be delivered to former employees today by about $21 million to meet a target imposed by U.S. paymaster Kenneth Feinberg, said a person briefed on the company’s plans.

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AIG Said to Cut Bonuses by $21 Million to Hit Target (Update1)

Senator Christopher Dodd unveiled legislation that empowers regulators to break up large financial firms, ban proprietary trading, and oversee hedge funds and derivatives, aiming to enact the most sweeping rules overhaul since the 1930s.

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Dodd Bill Empowers Regulators to Limit Size of Financial Firms

Interest rates have barely budged in the bond market ahead of the Federal Reserve’s meeting on interest rates. Policymakers aren’t expected to raise the Fed’s benchmark rate from record low levels at their meeting Tuesday. Traders will be looking for any hint…

Federal Reserve System – Interest rate – Bond market – Business – Economic

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Rates hold to tight range ahead of Fed meeting

President Barack Obama pushed congressional Democrats to vote for an overhaul of the U.S. medical system as he focused on the plight of Americans without health insurance in a visit to Ohio.

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Obama Highlights Uninsured in Push for Health Bill (Update3)

Dolby Laboratories Inc., aiming to entice more movie theaters to use its 3-D video technology, cut the price of its 3-D glasses to $17 from $27.50.

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Dolby Cuts Price of 3-D Glasses to $17 From $27.50 (Update2)

Brenntag Holding GmbH, the German chemicals distributor owned by private-equity firm BC Partners Ltd., started an initial public offering that may raise as much as 837 million euros ($1.15 billion).

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Brenntag Starts $1.15 Billion Initial Public Offering (Update2)

Investors turned cautious Monday ahead of the Federal Reserve’s meeting on interest rates. Major stock indexes closed narrowly mixed after trading lower for most of the day. An analyst upgrade of Wal-Mart Stores Inc. helped lift the Dow Jones industrial…

Business – Investing – Commodities and Futures – Economy of the United States – United States Department of Commerce

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Stocks end mixed ahead of Fed’s rate meeting

Shares of Interactive Brokers Group Inc. fell Monday after an analyst downgraded the automated electronic broker, citing its exposure to market volatility. Keefe Bruyette & Woods analyst Niamh Alexander lowered his rating on the company to “underperform” from…

Keefe Bruyette & Woods – Business – Bruyette & Woods – Business and Economy – Niamh Alexander

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Interactive Brokers shares fall on KBW downgrade

News Corp. will earn $350 million to $400 million from James Cameron’s “Avatar” once the world’s top-grossing film is also released on pay television and DVD, said two people with knowledge of its financial performance.

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Murdoch Spreads Risk, Nets $400 Million From ‘Avatar’ (Update2)

Oil prices settled below $80 a barrel Monday, dragged down by a stronger dollar and increasing investor concerns about energy demand. Energy prices fell across the board, with benchmark crude contracts for April delivery sliding $1.44 to settle at $79.80 a…

International Energy Agency – Developed country – Business – Economic – Energy

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Oil settles below $80 as demand worries persist

The Obama administration’s pay czar is reducing 2010 compensation for top executives at GMAC Inc. because the auto finance giant continues to lose money and has no strategy for repaying its $16.3 billion taxpayer bailout, according to people familiar with the…

GMAC – Finance – Presidency of Barack Obama – United States – General Motors

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Pay czar limits exec pay at still-struggling GMAC

Bank of America Corp. and JPMorgan Chase & Co. led five of the six biggest U.S. credit-card issuers in reporting that late payments fell or held steady in February, signaling a retreat from record industry losses.

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BofA Leads in Late-Card Improvement

Chelsea’s search for a stadium naming rights deal is being led by an American sports agency that recently hired the Premier League club’s former chief executive. Creative Artists Agency, whose European operation is headed by Peter Kenyon, is tasked with…

Premier League – Peter Kenyon – Chelsea F.C. – Creative Artists Agency – Chelsea

AP sources: CAA leads Chelsea naming-rights search

Harsh winter weather and competition from deeply discounted foreclosures are putting a damper on sales prospects for homebuilders. The National Association of Home Builders said Monday its housing market index, which tracks industry confidence, slipped this…

National Association of Home Builders – Trade association – Washington – Home Builders – Business

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Homebuilder sentiment index falls in March