FDA gives staff $8m in retention bonuses
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The Food and Drug Administration is giving workers more than $8 million in bonuses to keep them from defecting to pharmaceutical and other regulated industries, at the same time the agency is being pressed to spend more on food and drug safety.
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Electronic Data Systems on Tuesday  made a voluntary early retirement offer to about 9,200 U.S.  employees, or up to 8 percent of its total workforce, as part  of its plan to reduce up to 20,000 jobs over the next two years  to cut its costs.
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Most of the $126 million that American International Group paid to settle with regulators last year came out of a bonus pool for executives.
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BRISBANE, Calif. -- A Brisbane company has been awarded an $877.5 million contract to supply 75 million doses of anthrax vaccine to the federal government, company officials said today.
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Merck &amp; Co. has adopted a severance plan that offers some executives one-time payments of up to triple their salary plus other perks if the troubled pharmaceutical giant is acquired and they lose their jobs.
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To reduce costs, a number of employers are giving away drugs to help workers manage chronic conditions.
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The federal government awarded an $878 million anthrax vaccine contract to a Brisbane biotech company Thursday, ordering a stockpile of 75 million doses to guard against terrorist attacks.
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More employers are offering this helpful benefit.
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SRA International of Fairfax won a $68.6 million contract from the Health and Human Services Department to manage two data banks that collect information on medical and dental malpractice, improper payments and licensing issues.
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The government awarded an $877 million contract to a small California company to make 75 million doses of a new anthrax vaccine. VaxGen Inc.
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McDonald's Corp.  on Wednesday said Chief Executive Jim Skinner will receive a bonus of more than $8.8 million, mostly to reward him for the hamburger chain's sharp turnaround during the last three years.
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The Federal Aviation Administration told its employees yesterday that they would receive a 3.08 percent pay raise and a geographic-based increase that will average about 1 percent plus an additional raise based on individual job performance.
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President Bush today signed an executive order that provides nearly 1.8 million federal employees with an average 3.5 percent pay raise and also increases salaries by smaller percentages for the armed forces, members of Congress, federal judges, diplomats and others.
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Even as contractors built patrol boats with buckling hulls and a large new cutter with structural flaws, a U.S. Coast Guard review gave their performance high marks last year, extended their deal for nearly four years and paid them a multimillion-dollar bonus, government investigators said.
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The Department of Health and Human Services announced Tuesday that flu vaccine maker Aventis Pasteur will be able to deliver 2.8 million more vaccine
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ITSolutions will provide IT consolidation services to help streamline operations at eight branches of the U.S. Food and Drug Administration.
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A consortium of private equity firms agreed to pay $8.5 billion, nearly $2 billion less than the original agreement.