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Business

Business briefs

By
Post Staff Report
Published Feb. 20, 2010, 5:00 a.m. ET

Nevermind

* GM yesterday hired former CEO Fritz Hen derson as a $59,090 a month adviser, while the man who replaced him, Chairman Ed Whitacre, urged em ployees to move faster to change the com pany.

Inflation rate

Consumer prices crept up just 0.2 percent in January even though economists were ex pecting a 0.3 percent in crease, while core infla tion — prices excluding food and energy — fell for the first time since 1982, by 0.1 percent.

Goldman suit

Goldman Sachs has dropped its lawsuit against seven former wealth advisers who left the bank’s Atlanta offices to join rival Credit Suisse Group and allegedly tried to persuade others to join them, calling the matter “resolved.”

UBS bonuses

UBS, Switzerland’s biggest bank, is giving employees who earn more than $250,000 bonuses that are 60 percent deferred stock and 40 percent cash in order to limit compen sation costs, according to a memo sent to sen ior employees.