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Czar wants $198 million cut in AIG pay
The government-appointed "pay czar" wants $198 million in retention pay at American International Group reduced, according to an oversight report on the financial bailouts.
Market Watch

Northgate Minerals Announces Diamond Drill Results Adjacent to Established Reserves on the Young-Davidson Property
VANCOUVER, Oct. 13 /PRNewswire-FirstCall/ - Northgate Minerals Corporation (TSX: NGX, NYSE Amex: NXG) is pleased to report drill results for 29 shallow diamond drill holes totalling 2,424 metres (m) at its 100%-owned Young-Davidson project near the town of Matachewan in northern Ontario. Drilling took place on Northgate's Young-Davidson property immediately east of the current ore reserve in and around historic mine workings, which was operated by Matachewan Consolidated during the mid 1900s (1934-1954).
prnewswire.com

UPDATE 3-Bloomberg to buy BusinessWeek from McGraw-Hill
* Bloomberg to pay $2 mln to $5 mln, BusinessWeek reports
Reuters

Cut AIG bonuses now
The Treasury Department, after missing an opportunity to rein in controversial bonuses to AIG employees last year, is now pressing the bailed out insurer to reduce a $198 million bonus pool, according to an overseer's report released Tuesday.
CNN

JPMorgan Reports Wednesday
Don't count on another surprise.
Forbes

Report on corruption at dry ports
creates panic among officials Wednesday, October 14, 2009 By Ikram Hoti ISLAMABAD: The office of the Chief Justice of Pakistan has demanded an immediate report on rampant corruption at the 10 d...
India Gazette

DCB Q2 net loss at Rs 16.9 crore
In the quarter ended June 2009, the bank had recorded a net loss of Rs 35.3 crore. It expects a turnaround in 6-9 months. Total income, comprising interest and other income, in the reporting quarter fell to Rs 145.74 crore from Rs 201.31 crore.
Business Standard

Intel optimistic about the recovery
Microchip maker Intel reported quarterly sales, profit and an outlook that easily beat Wall Street's estimates Tuesday, and said it is optimistic that demand for chips will continue to rise as the economy recovers.
CNN

Roche to review Genentech pay next year
Genentech employees could receive more long-term stock options than other employees of parent company Roche after the parent company reviews pay at the South San Francisco-based biotech next year, according to a report in the Financial Times.
Biz Journal

Earnings roundup: Johnson & Johnson, KMG Chemicals (AP)
Johnson & Johnson on Tuesday reported a meager 1 percent increase in third-quarter profit, as intensifying generic competition slashed sales of blockbuster prescription drugs. In addition, the global recession hurt consumer product sales and slowed growth for medical devices, the only J&J segment not declining.
yahoo.com

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