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Wall St. Bonus Season Likely to Be Hit or MissBonus time will be very hit or miss this year amid a growing divergence in incentive compensation across the financial services industry, according to projections from Johnson & Associates, a consulting firm. ... |
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Fannie May Write Off $5.2 Billion in Tax CreditsFannie Mae, the mortgage finance giant, said Monday that it was reviewing whether it would have to write off $5.2 billion in low-income housing tax credits after the Treasury Department rejected its request to sell the credits to Goldman Sachs. ... |
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Buffett to Sell Stakes in 2 Other Railroad FirmsAs Warren E. Buffett takes on Burlington Northern Santa Fe in his biggest-ever deal, he is looking to sell off his stakes in two other big railroad companies, Union Pacific and Norfolk Southern. ... |
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Cisco Extends Acceptance Period for Tandberg BidThe network equipment maker Cisco Systems said Monday that it was extending the offer period for its $3 billion bid for the Norwegian video conferencing company Tandberg by nine days to Nov. 18. ... |
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JPMorgan Chase Ends Salary FreezeJPMorgan Chase is lifting a salary freeze on employees earning more than $60,000 a year, according to an internal memorandum obtained by DealBook. ... |
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