NEW YORK (AP) — Facebook's top executives, including CEO Mark Zuckerberg, are eligible for twice-a-year bonuses of up to 45 percent of their base salaries and other earnings, according to a recent regulatory filing.

Facebook Inc. said in a filing Wednesday it will pay Zuckerberg, 27, a base salary of $500,000 per year. Zuckerberg's 45 percent target bonus will be based on his performance.

Chief Operating Officer Sheryl Sandberg will receive a base salary of $300,000. Her target bonus is also 45 percent, the same as the other execs.

David Ebersman will continue to serve as chief financial officer and he will get a base salary of $300,000.

Mike Schroepfer, Facebook's vice president of engineering, will receive a base salary of $275,000.

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SAN FRANCISCO (AP) — A consumer watchdog group is suing the Federal Trade Commission in an attempt to prevent Google from making sweeping changes to its privacy policies next month.

The planned revisions would enable Google to bundle the personal information gathered by its Internet search engine and other services so the company can gain a better understanding of its users and potentially sell more advertising.

But the Electronic Privacy Information Center contends Google's policy switch will violate restrictions imposed in an agreement reached with the FTC last year. A lawsuit filed Wednesday by the group is trying to force FTC to enforce those rules. The complaint also is seeking a court order to block Google's policy changes from taking effect March 1.

European regulators already have asked Google to delay the policy changes.

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WOONSOCKET, R.I. (AP) — CVS Caremark says its fourth-quarter earnings climbed nearly four percent, as the drugstore operator's pharmacy services revenue swelled because of a long-term contract and new business.

The Woonsocket, R.I., company also says it is increasing its 2012 earnings forecast by three cents per share to account for gains it expects because of a contract dispute between competitors Walgreen and Express Scripts.

CVS Caremark says it earned $1.06 billion, or 81 cents per share, in the three months that ended Dec. 31st. That compares with $1.03 billion, or 75 cents per share, in the final quarter of 2010.

Adjusted earnings were 89 cents per share, in line with analyst forecasts.

Revenue rose 15 percent to $28.32 billion, above the $28.09 billion analysts expected.

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NEW YORK (AP) — The Madison Square Garden Co. said Wednesday that the shortened NBA season drove its second-quarter profit down nearly 22 percent.

The lockout delayed the start of the regular basketball season by about two months. As a result, the New York Knicks only played a combined six preseason and regular season games during the quarter, compared with 40 in the same period last year, cutting into its revenue.

Madison Square Garden, which owns several sports franchises, sports networks and entertainment venues, reported that it earned $25.6 million, or 33 cents per share, for the quarter that ended Dec. 31st. That's down from $32.7 million, or 42 cents per share, in the same quarter last year. Revenue fell nearly 14 percent to $373 million.

The decline in revenue was almost entirely due the NBA work stoppage, which sent its MSG Sports segment revenue down 31 percent. The company also saw a smaller 15 percent decrease in MSG Entertainment revenue due to the absence of a Cirque de Soleil performance that wrapped up in 2010, which was partially offset by holiday performances.

The company's media segment revenue fell 1.2 percent due to lower advertising revenue tied to fewer NBA games being televised on its network and the expiration of an affiliate agreement.

Madison Square Garden owns sports teams such as the New York Knicks and New York Rangers, puts on events such as Radio City Christmas Spectacular and hosts events at its variety of venues including New York's Madison Square Garden and Radio City Music Hall.

Shares of the company rose 48 cents, nearly two percent, to $30.25 in midday trading.

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WASHINGTON (AP) — The Washington Post is launching another round of buyouts — its fifth in the last decade — in its shrinking newsroom.

The Post's executive editor, Marcus Brauchli, sent a memo to newsroom staff Wednesday outlining the plan. He did not say how many buyouts he hopes to garner in the 600-person newsroom. Post spokeswoman Kris Coratti said she had no information on how many buyouts were anticipated.

Brauchli said the paper needs to achieve "real savings" in the buyout, but said it would turn down volunteers whose departure would impair the quality of the paper's journalism.

In its most recent earnings report, The Washington Post Co. reported a nine percent drop in revenue from its newspaper publishing division. The Post Co. owns the Kaplan education company, a cable network and TV stations.

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OAK BROOK, Ill. (AP) — McDonald's Corp. says a key revenue figure climbed 6.7 percent in January as U.S. customers spent more on breakfast items, beverages and its new Chicken McBites.

The world's biggest hamburger chain says revenue in restaurants open at least 13 months rose 7.8 percent in the U.S., 7.3 percent in the region made up of Asia, the Middle East and Africa, and four percent in Europe.

The comparison is a key measure of a restaurant chain's performance, because it excludes the impact of recently opened or closed stores. It does include the Oak Brook, Ill.-based company's temporarily closed restaurants.

The figures are a snapshot of money spent on food at both company-owned and franchised restaurants. They do not reflect corporate revenue.

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PEORIA, Ill. (AP) — Caterpillar Inc. has ruled Illinois out of plans to relocate a factory and 1,400 jobs from Japan. The Peoria-based heavy-equipment maker cited both logistical problems and ongoing concerns about the state's business climate.

Caterpillar laid out its decision Tuesday in an email to leaders in Peoria County. The county was one of fewer than a dozen Illinois locations trying to win the new plant.

In the email, the company says it considered factors including port access and labor markets in deciding Illinois won't work. The email also says a key factor was proximity to Caterpillar's division headquarters in Cary, N.C.

Caterpillar spokesman Jim Dugan would only say Wednesday that a location will be announced by April 1st.

Gov. Pat Quinn's office didn't immediately respond to a request for comment.

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NEW YORK (AP) — The iPhone helped Sprint gain customers in the latest quarter, but also forced the carrier to post its largest loss in three years because of the high cost of the phone a network upgrade.

Sprint Nextel Corp., the No. 3 wireless carrier, says it lost $1.3 billion, or 43 cents per share, in the October to December period. That compares with a loss of $301 million, or 10 cents per share, a year earlier.

Excluding one-time charges, the loss was 35 cents per share. Analysts polled by FactSet were on average expecting a loss of 38 cents per share, excluding items.

Revenue rose five percent to $8.7 billion, matching the analyst estimate.

Sprint started selling the iPhone in October, hoping it will help it keep and attract customers.

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NEW YORK (AP) — Time Warner says its fourth-quarter earnings grew slightly as revenue jumped five percent on strong performance at its Warner Bros. movie studio and its cable television networks.

Net income was $773 million, or 76 cents per share, for the last three months of 2011 compared with $769 million, or 68 per share, a year earlier. Adjusted for one-time items, the company earned 94 cents per share. That beat Wall Street's expectations of 87 cents as surveyed by FactSet.

Revenue grew to $8.2 billion, beating analysts' expectations for $8.06 billion. The company benefited from higher licensing revenue at its Turner cable networks and from strong home sales of its movies.

Time Warner Inc. also says it will raise its quarterly dividend by 11 percent to 26 cents per share, to be paid March 15 to shareholders of record on Feb. 29th.

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TOKYO (AP) — Nissan is seeing a 3.2 percent rise in fiscal third quarter profit on healthier sales that offset production damage from flooding in Thailand.

Nissan Motor Co. reported Wednesday October-December profit of 82.7 billion yen ($1.07 billion), up from 80.1 billion yen the same period the previous year.

Nissan said it sold 1.2 million vehicles worldwide during the quarter, an increase of 19.5 percent on year.

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