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  • Reuters

    Exclusive-Chinese brokerage CICC cutting dealmakers' base pay by 25%, sources say

    China International Capital Corp (CICC) is cutting the base pay of onshore investment bankers by as much as 25%, three sources said, in a major effort to reduce costs amid volatile markets and Beijing's austerity drive. CICC didn't immediately respond to Reuters' request for comment on Sunday. The salary cuts will affect more than 2,000 bankers, and come after one of the largest investment banks in China by headcount trimmed bankers' bonuses last year by up to 40%, as Reuters reported in April last year.

  • Portland Press Herald, Maine

    EDITORIAL: Julia Gagnon rightly the pride of Maine

    Apr. 28—Before "American Idol," there was "Central Maine Idol." Julia Gagnon, the 22-year-old Guatemala native who went to middle school in North Yarmouth, took the top prize in the contest at the Quarry Tap Room in Hallowell last summer. Little did Gagnon know that — within the year — she would successfully audition for the national series it was modeled on (with an Aretha Franklin number), ...

  • Portland Press Herald, Maine

    EDITORIAL: Maine Legislature should be able to finish unfinished business

    Apr. 28—"There are a lot of important bills that deserve to be funded and will make a difference in the lives of Mainers." Christine Kirby, the communications director for Senate President Troy Jackson, summed it up well in this simple statement last week. The 131st Legislature finished its session (at 5:30 a.m., with the sun up) without funding a host of bills that were approved by the House ...