Wall Street 2006 bonuses seen at record $23.9 bln
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Wall Street bonuses are expected to rise 17 percent to a record $23.9 billion in 2006 New York State Comptroller Alan Hevesi said on Tuesday.
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Wall Street's five biggest firms together paid a record $39 billion in bonuses, even though three of them suffered the worst quarterly losses in their history and shareholders lost more than $80 billion.
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It's bonus season on Wall Street and there's plenty of holiday cheer this year. The New York State comptroller yesterday said the securities industry will distribute envelopes stuffed with about $24 billion -- a sum larger than the gross national product of many countries. If you were to add in the hedge funds arrayed along the Connecticut gold coast and the private-equity firms scattered around the country, the number could easily top $50 billion....
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NEW YORK, Oct. 3 -- The Dow Jones industrial average leaped into record territory Tuesday, highlighting Wall Street's long recovery from the popping of the technology bubble, the 2001 terrorist attacks and a wave of corporate scandals.
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The Dow Jones index closes at a record high of 12,673, on strong earnings and interest rate confidence.
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A slowdown in Wall Street profits has some experts warning that year-end bonus checks for the Street&#39;s workers - the adrenaline that provides much of the zip in New York City&#39;s economy - may
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Investment banking firm Goldman Sachs Group Inc. said Thursday that fourth-quarter earnings rose 23 percent to beat Wall Street expectations.
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News Corporation has awarded its executive chairman Rupert Murdoch a staggering $US12.5 million ($18 million) performance bonus for the latest financial year - believed to be the biggest in Australian corporate history.
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The Dow closed at a record on Tuesday, striking above the 14,000 mark for the first time, and the Nasdaq rose to a six-and-a-half-year high on a cascade of stronger-than-expected earnings.
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Wall Street hotshots are lining up for the second biggest bonus windfall in history despite a big slip in the industry&#39;s profits that stunted job growth.
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The Dow Jones industrial average reached a milestone in Wall StreetÂs nearly seven-year recovery from corporate upheaval.
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Goldman Sachs Group's  board of  directors awarded a $67.9 million bonus to Chairman and Chief  Executive Lloyd Blankfein for 2007, according to a filing with  regulators.
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Goldman Sachs Group  Chairman  and Chief Executive Lloyd Blankfein received more than $54.3  million in cash, stock and options last year after leading Wall  Street's most profitable investment bank for just six months.
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The tally of billionaires around the globe reached a high of 946, their combined wealth growing 35 percent to $3.5 trillion
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The Dow soared about 280 points to a record close Thursday, posting its biggest gain in nearly 5 years, on a flurry of takeover activity and some upbeat retail sales numbers.
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NEW YORK, Oct. 3 -- The Dow Jones industrial average leaped into record territory today, highlighting Wall Street's long recovery from the popping of the technology bubble, the 2001 terrorist attacks and a wave of corporate scandals.
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The Dow Jones industrial average hit an all-time high on Tuesday, surpassing the previous record set in 2000, as investors bet that sliding crude oil prices will stimulate spending and lift profits even as the economy slows.