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Credit card companies are tripping over themselves to attract big spending, timely payers. The credit industry mavens at CardHub.com report that there credit cards than ever offering higher initial rewards bonuses -- for people with credit scores above 700.
Less than two years after they exited bankruptcy, Chrysler Group and General Motors will soon distribute bonuses to salaried employees in recognition of their efforts to help revive the once-flagging Detroit automakers. The payout is likely to anger the companies' unionized workers.
Recession-weary workers may finally get some encouraging news: Private-sector annual wages will improve in the coming months, albeit modestly, according to data compiled by BNA, publisher of Daily Labor Report.
Though most Americans wish that Congress would rein in excessive pay on Wall Street, that won't happen while the huge campaign contributions keep flowing. And the financial industry's big money shell game drains away something more precious from our society than money -- it siphons off talent.
For retail employees, holiday bonuses tend toward the low-cash-value gift certificate -- and it's not unusual to get gift cards for your own store, or nearby casual-dining chains. For years, the IKEA stores have been rather run-of-the-mill in this regard. Last year, according to one employee, the...
Could 2010 be the return of the holiday bonus? Recent news says, "maybe." Google employees won't get a turkey (or if they have, that memo hasn't yet been leaked), but they will be getting a $1,000 holiday bonus in addition to the generous performance-based pay increases of up to 10%. Oh, except for...
As Bank of America continues to cope with fallout from the housing and mortgage crisis, the financial institution may have to pay some year-end employee bonuses in the form of stock because of a possible cash shortfall related to its buy-back of stock from the federal government.
Wal-Mart Stores, the world's largest retailer, is ending its 39-year-old policy of automatic profit sharing for employees. It's replacing the bonuses with retirement benefits which could increase employees' total compensation, but employees are only eligible if they pay into their plans.
Workers who got less of a raise than they anticipated this year aren't alone. A new Hewitt survey of large companies finds the nation's slack recovery has prompted many employers to rein in expenses, thereby reducing planned raises and bonuses.
Goldman Sachs earnings fell sharply in the second quarter, hurt by its $550 million settlement with the Securities and Exchange Commission and a U.K. payroll tax. But on an adjusted basis, the investment bank's profits easily topped expectations.

Market Movers

SymbolLastChange / %Volume

Most Actives

BAC
Bank of America Corp
8.10-0.09
-1.04%
158.19M
ALU
Alcatel-Lucent (ADR)
2.20+0.26
+13.14%
95.52M
GE
General Electric Company
18.90-0.24
-1.23%
26.45M
F
Ford
12.41-0.28
-2.21%
25.99M

% Gainers

CIE
Cobalt International Energy
32.62 +8.72
+36.49%
14.25M
LNKD
LinkedIn Corp.
89.53 +13.14
+17.20%
9.05M
ALU
Alcatel-Lucent (ADR)
2.20 +0.26
+13.14%
95.52M
WNS
WNS (Holdings) Limited (ADR)
10.52 +1.12
+11.91%
2.68M

% Losers

KV-A
K V Pharmaceutical Co. Class A
2.10-0.51
-19.54%
1.45M
KV-B
K-V Pharmaceutical Co. Class B
2.16-0.47
-17.87%
4,779
NBG-A
National Bank of Greece SA (ADR)
5.74-1.01
-14.96%
125,314
OSG
Overseas Shipholding Group, Inc.
10.43-1.40
-11.83%
1.35M
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