LOS ANGELES (Reuters) – Biotechnology company Amylin Pharmaceuticals Inc on Friday said it was notified of two plans to nominate directors to the company’s board: one by entities associated with investor Carl Icahn and another from shareholder Black Bear Fund I.
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Icahn, Black Bear to nominate Amylin directors
It’s been an unusually cold January on Wall Street. The Standard & Poor’s 500 index was down 8.57 percent for the month, its worst January ever and a worrisome sign for investors who see the first month as a trendsetter for the 11 that follow. They’re…
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Stocks’ January drop isn’t welcome sign for 2009
Carnival Corp. Chairman and Chief Executive Micky Arison received compensation valued at $4.8 million in fiscal 2007, a 34 percent decrease from the previous year, according to a regulatory filing Friday. The Miami-based cruise operator awarded Arison $…
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Carnival CEO Arison got $4.8 million in 2008 pay
After a week of sparring over the budget, Republican Gov. Jim Gibbons and Democrats running the Legislature ended up agreeing _ more or less _ on at least one thing: the need for “green jobs” and renewable energy infrastructure in Nevada. Senate Majority…
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Nevada seeks ‘green jobs’
WASHINGTON (Reuters) – U.S. bank regulators closed small banks in Utah, Florida and Maryland on Friday, bringing the total of U.S. bank failures this year to six.
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Regulators close 3 more small U.S. banks
BB&T Corp. said Friday that its executives won’t get annual bonuses for 2008 because the banking company didn’t meet its financial targets. The Winston-Salem, N.C.-based company, which recorded $1.5 billion in net profit in 2008, blamed the “extremely…
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BB&T says execs won’t get 2008 bonuses
WASHINGTON (Reuters) – The White House pledged action against “irresponsible” bonuses for executives at bailed-out Wall Street companies as a Democratic senator unveiled legislation to limit their compensation to $400,000 a year.
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White House, Senate take aim at Wall St pay
Merrill Lynch on Friday agreed to pay a $1 million civil fine to settle with federal regulators who accused the company of misleading pension consulting clients and failing to disclose conflicts of interest in recommending the use of its affiliated services….
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Merrill paying $1M fine in settlement with SEC
The Internal Revenue Service warns that many taxpayers are mistakenly trying to double-dip on last year’s federal tax rebate when they file their tax returns this year _ and the IRS is catching the errors. A sampling of returns shows that 15 percent of early…
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Lots of early filers mistakenly try tax credit
To President Barack Obama, Wall Street’s $18.4 billion in bonuses is “shameful.” To thousands of bank employees who don’t sit in corner offices, that money helps pay the bills. Outrage over the bonuses reached as high as the White House this week following…
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Bonuses no luxury for some Wall Street workers
A former irrigation district worker facing federal charges that he conspired to defraud the U.S. government of water has died. Shelby Cecil, who was suffering from lung cancer, was hospitalized a week ago with an infection and died from complications Thursday…
Southwest Airlines Co. said Friday it agreed on raises for its pilots, and the carrier’s mechanics ratified a new contract that includes higher pay and bonuses. Details of the tentative agreement with the Southwest Airlines Pilots’ Association were not…
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Southwest agrees on raises for pilots, mechanics
WASHINGTON (Reuters) – General Motors Corp could face a multibillion-dollar tax hit under its $13.4 billion federal bailout, a scenario the automaker faces just weeks before it must file a restructuring plan with the government.
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GM could face U.S. bailout tax hit, seeks changes
NEW YORK (Reuters) – Stocks closed out their worst January ever with another slide on Friday after data showed the economy contracted at the fastest pace in nearly 27 years in the fourth quarter.