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10 Nov

Wall St. Bonus Season Likely to Be Hit or Miss

Bonus 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 Credits

Fannie 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 Firms

As 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. ...


Cisco Extends Acceptance Period for Tandberg Bid

The 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. ...


JPMorgan Chase Ends Salary Freeze

JPMorgan 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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