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Merrill delivered bonuses before BofA deal Merrill Lynch took the unusual step of accelerating bonus payments by a month last year, doling out billions of dollars to employees just three days before the closing of its sale to Bank of America FT.comMerrill paid bonuses early as BofA deal closed- FT NEW YORK, Jan 21 (Reuters) - Merrill Lynch paid billions ofdollars of bonuses to its employees, three days beforecompleting its life-saving sale to Bank of America Corp, the Financial Times reported on its website onWednesday. ReutersGreen From Day One When Ronald Reagan assumed the presidency in 1981, one of the first things his administration did was to take down the White House's solar panels. These panels had been installed by President Jimmy Carter in reaction to the oil shock of 1979, and were a well-meaning attempt to show that Carter was trying to deal with escalating oil prices by investigating alternative energy sources. Unfortunately, this well-meaning measure like many of his others, never got much traction. It also didn't help that OPEC's reaction to America rationing oil and gas and making forays into alternative energy was to drop the price of oil to $10 per barrel. There was no need to seek anywhere else for energy when oil once again became so cheap. Was Reagan's solar panel removal cynical, or was it more a kind of posturing to show that this nation would make it through that particular crisis? We'll never know, and it really doesn't matter. We're here now, watching oil prices jump from $150 per barrel last summe Metro Green BusinessHold the bailout as Hollywood defies odds The Producers Guild of America has remained an island of relative tranquility amid the uncertainty pervading Hollywood. topix.netHistory made, challenges await Barack Hussein Obama has stepped on to the pages of history, as Americas first African-American presidentmarking a symbolic transition after more than two centuries of slavery, segregation and discrimination. Mr Obama is also an unusually qualified president for very troubled times. He is intelligent, well-educated, and has a cool temperament as well as his heart in the right place. He cuts a good figure, has the relaxed manner of someone who is comfortable with himself, and leads a closely knit family. In addition, he has the gift of eloquence (though his inaugural address would have disappointed many). Put together, they explain why he comes to office with an 82 per cent approval rating. Business StandardElectric Power - Regional - Magma to advance projects with new financing Vancouver-based geothermal company Magma Energy, which has properties in Latin America, will advance all projects this year with the Cdn$26.3mn (US$20.6mn) in financing it has raised.Magma secured... BN AmericasFundWatch: Fund managers turn slightly less negative on growth prospects Fund managers turn slightly less negative on the outlook for global growth, according to Banc of America Securities-Merrill Lynch's latest survey of fund managers. Market WatchBattering Highlights Banking Sector`s Fragility Shares of Citigroup and Bank of America have bounced back after falling more than 20 percent Tuesday. Bank stocks plummeted after State Street, a bank thought to be relatively healthy, reported a huge loss on its investment portfolio. NPRReasons to Be Cheerful, One, Two, Three A grand new beginning for America? Or the funeral procession of the American Dream? The opinions diverge at the TFN editorial office. Here's what TFN editors think the future has in store for us... and your opportunity to chime in with your own suggestions. Todays Financial NewsLewis, BofA Officials Buy Shares Several Bank of America directors and CEO Kenneth Lewis purchased more than 513,000 shares of common stock, an apparent show of confidence in the reeling lender. Wall Street Journal1 2 3 |
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