Business Notebook

No bonuses: Nissan Motor Co. scrapped bonuses for its nine top executives after profit dropped for the first time in seven years and the company was overtaken as Japan's second-largest automaker by Honda Motor Co.

Banned: Ireland imposed its first ban on a video game, citing "gross, unrelenting, and gratuitous violence" in Manhunt 2 by Rockstar Games.

Dissent: Galt Investements, a minority shareholder of Everlast Worldwide Inc., expressed opposition to the boxing equipment maker's $146 million acquisition by the Hidary Group, because the offer of $26.50 per share is too low.

Not named: Treasury Secretary Henry Paulson said the United States refrained from designating China as a currency manipulator after moves Beijing made on exchange-rate liberalization.

Restructuring: Nokia Corp. unveiled plans to reorganize its corporate structure into three divisions next year, saying the move would help it take advantage of new opportunities in the convergence of mobile communications and Internet technologies.

Going private: Investment manager Nuveen Investments Inc. said it has agreed to be acquired by a private equity group led by Madison Dearborn Partners LLC for $5.42 billion.

Perks: Former Hollinger International Inc. chairman Conrad Black deserved a free New York apartment and a partially paid birthday party for his wife because he was the "face" of the company, his lawyer said in closing arguments at Black's fraud trial in Chicago.

Plane talk: Airbus racked up 166 more orders for its A350 XWB at the Paris Air Show a day after Boeing Co. snagged the troubled jet's original launch customer for its own 787 Dreamliner. At right, a mock-up of the interior of an EADS Astrium aircraft, which can carry four passengers 62 miles above the earth, where they will be able to experience about three minutes of weightlessness.

Fed guidelines: A steady decline in the US working-age population as baby boomers retire may significantly reduce economic output, requiring new rules of thumb to guide the Federal Reserve as it seeks to keep inflation at bay by manipulating interest rates.

(Globe wire services)