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The top executive of office furniture and fireplace manufacturer HNI Corp. received compensation valued at $2.8 million in 2007. via Chicago Tribune

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The U.S. Securities and Exchange Commission has charged Biovail Corp. , its founder Eugene Melnyk, and three other current and former executives with accounting fraud. via The Globe and Mail

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The vice president of brand development for Samuel Adams beer maker Boston Beer Co. via Canadian Business Magazine

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Ethanex Energy Inc. plans to seek bankruptcy court protection in the ‘immediate future,’ according to its posting with securities regulators this morning.The Basehor, Kan., ethanol company has ended an agreement to buy a small ethanol plant in Nebraska and dismissed three of its six officials. Its decisions follow failed efforts to raise $1.5 million in interim financing.Ethanex had suggested bankruptcy as a possibility in a March 12 filing in which it outlined its financing problems. Read more

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Surging oil prices could leave American Airlines parent AMR with a much fatter fuel bill. via News 8 Austin

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“The amounts of the bonuses for 2007 are not calculable as of the date of this proxy statement and it is not possible to estimate the date that they are expected to be determined at this time” American Axle and Manufacturing Holdings Inc. Chairman and CEO Richard Dauch received compensation valued at $5.6 million for leading the auto parts supplier last year, but he could make considerably more once … via Crain’s Detroit Business

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Passenger revenues at AMR Corp., parent of American Airlines, rose during the first quarter, but higher fuel prices are taking a large bite from the carrier’s finances this year.In a filing Monday with the Securities and Exchange Commission, AMR said revenues measured by passengers flown per mile will be up between 7 percent and 8 percent for the first quarter, suggesting that a slowing economy has not yet had a significant impact on the world’s largest airline.Jamie Baker, airline analyst with JPMorgan, improved his forecast for the first quarter, citing the increased revenues. The update ’suggests a slightly narrower loss than originally anticipated on stronger revenue performance,’ he wrote in a note to investors Monday. Read more

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The SEC filed its case against Black, former Hollinger chief operating officer David Radler, and Hollinger Inc. via CBC

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NEW YORK: Indra Nooyi, the CEO of beverages major Pepsico, received compensation to the tune of 11.79 million dollars last year, an increase of 24 per cent over that in 2006. via The Times of India

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