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Top executives at Goldman Sachs will not be paid cash bonuses this year, the company said Thursday.
In the face of public outrage over Wall Street bonuses, the company said that its 30-member management committee will receive restricted company stock instead.
Goldman Sachs’ (GS, Fortune 500) bonus pool is currently on track to hit $21 billion […]
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LONDON–Britain’s Treasury chief said Sunday that the government must make difficult choices on spending cuts as it seeks to slash the country’s growing deficit.
Chancellor of the Exchequer Alistair Darling is expected to announce tax hikes and public-sector spending cuts in a pre-budget review on Wednesday.
The government has said it wants to halve […]
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His neck turns red. His cheeks become flushed. Frank Stronach is close to erupting again in another row over one of his ideas.
The physical changes are cues for anyone else to leave the room. Come back later. Fight another day. Perhaps.
The entrepreneurial atmosphere can get hot and heavy behind closed doors at the elegant headquarters […]
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The U.S. manufacturing sector grew for the fourth straight month in November, though at a slower pace, and questions remain about the staying power of the incipient economic recovery.
Signs the housing market was bouncing back in October were also tempered by a flat reading for construction spending for that month in other data reported […]
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Gold prices hit record highs above $1,180 an ounce in Europe on Wednesday, boosted by the euro’s move through $1.50 against the dollar and by a report that India may consider buying more bullion from the IMF.
U.S. gold futures for December delivery on the COMEX division of the New York Mercantile Exchange rose $21.20 […]
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For Christy Harp, a math teacher from Ohio, it was a great year for competitive gourd growing — her 1,725-pound giant pumpkin shattered the world record by more than 30 pounds.
But that achievement is a lone bright spot in the Midwestern world of pumpkins. In Morton, Ill., the "Pumpkin Capital of the World," […]
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The head of the International Monetary Fund said on Friday the pace of the recovery in the U.S. economy remains sluggish but he does not believe there will be a double-dip recession.
IMF managing director Dominique Strauss-Kahn said that capital flows to emerging markets reflected the positive outlook for those economies but warned that they […]
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Treasury Secretary Timothy Geithner said on Wednesday he believes strongly in the need to maintain a strong dollar and said the United States was determined to get its budget deficit down.
The dollar’s decline has been a source of concern in the export-heavy region, especially since top exporter China keeps its currency’s value closely managed […]
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Cadbury’s shares edged up in early trade on Monday as the clock ticked toward a 1700 GMT (12 noon EST) deadline for Kraft Foods to either make a formal takeover bid for the British confectionery group or walk away.
Cadbury is the world’s second largest confectionery group while Kraft is number five with brands such […]
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A voluntary recall was announced Monday for more than half a million pounds of ground beef because it may be contaminated with bacteria linked to at least two deaths, officials said.
Fairbank Farms of Ashville, New York, said the recall was issued Saturday for approximately 545,699 pounds of ground beef produced between September 14 and […]
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