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Bonus, given again. Why so much to handle money? What did he and all the others do to desire that big of a bonus? A lot of Americans do a good job every day and we are lucky we get paid. I didn’t understand why they have to get so much for a bonus.

Full Story at money.cnn.com

NEW YORK (CNNMoney.com) — Goldman Sachs stunned many in the Wall Street community Friday by awarding chief executive Lloyd Blankfein $9 million as his year-end bonus, far less than many were anticipating, and none of it in cash.

Following weeks of speculation about what the top executive at Wall Street’s leading investment bank would take home as his discretionary pay for 2009, the company revealed in a securities filing it was paying Blankfein 58,381 shares of company restricted stock.

Full Story at news.yahoo.com

SEATTLE – Boeing Co.’s giant 747-8 freighter should make its first flight Monday after performing well on taxi tests and reaching a top speed of about 103.5 mph, the company said.

At 250 feet long, the plane is the largest Boeing has ever built and about 18 feet longer than the existing 747-400 jumbo jet. The company conducted taxi tests on the freighter Saturday at Paine Field in Everett, north of Seattle.

“Based on early indications, the airplane is ready to fly,” said Mo Yahyavi, the 747 program’s vice president and general manager.

Big bonus,is he worth it? No one is worth that kind of bonus just because he works with money.
Full Story at money.cnn.com

NEW YORK (CNNMoney.com) — JPMorgan Chase Chairman and CEO Jamie Dimon will take home a nearly $16 million bonus in restricted stock and options for leading the bank to a big profit last year.

In a company filing with the Securities and Exchange Commission Friday, the New York City-based bank said Dimon would collect nearly 200,000 shares of restricted stock and more than a half million in options.

Full Story at money.cnn.com

Job losses during the recession may have been underestimated by close to a million jobs. So instead of employers cutting just over 7 million jobs from their payrolls since the economic downturn began in December 2007, it’s expected that the Labor Department’s new estimate will be a loss of 8 million jobs.

Full Story atmoney.cnn.com

Former homeowners may still be on the hook if there’s a difference between what they owed on their mortgage and what the bank could sell it for at auction. And these “deficiency judgments” are ticking time bombs that can explode years after borrowers lose their homes.

It can even happen to people who got their bank to approve them selling their home for less than it is worth.

Full Story at money.cnn.com

NEW YORK (CNNMoney.com) — The watchdog charged with monitoring the government’s $700 billion bailout unleashed one of his harshest criticisms of the program to date, questioning its overall effectiveness.

In his latest quarterly report to Congress, special inspector general Neil Barofsky said that the Troubled Asset Relief Program, or TARP, has failed to boost bank lending as well as halt the spread of foreclosures — two key aims of the sprawling program.

Full Story at msnbc.com

WASHINGTON – While President Barack Obama is proposing to cut some taxes for companies that hire workers, his budget would raise a host of other taxes on businesses and wealthy individuals.

The budget proposal released Monday would extend Obama’s signature Making Work Pay tax credit — $400 for individuals, $800 for a couple filing jointly — through 2011. But it would also impose nearly $1 trillion in higher taxes on couples making more than $250,000 and individuals making more than $200,000 by not renewing tax cuts enacted under former President George W. Bush.

Full Story at msnbc.com

WASHINGTON – Ever make a personal call on your company cell phone? Did you record the value of that call as taxable income, as required by law?

Join the club, but don’t worry. President Barack Obama will propose repealing the widely ignored requirement as part of his 2011 budget plan, a Treasury Department official said Saturday.

The administration made a similar proposal in June, and it was well received in Congress. Lawmakers, however, became preoccupied by the health care debate for much of the year and a lot of their work on tax law was delayed.

Full Story at msnbc.com

DETROIT – Toyota Motor Corp. plans to start sending parts to dealers in the coming days to fix a sticky gas pedal problem that has tarnished its image and led to the recall of 4.2 million cars and trucks on three continents, according to people briefed on the matter.

Toyota plans to reveal details of the fix on Monday morning, according to two dealers who asked not to be identified because the plan had not been announced

Full Story at money.cnn.com

NEW YORK (CNNMoney.com) — State laws that ban drivers from talking on hand-held cell phones seem to have no effect on crash rates, according to a study released Friday.

The Highway Loss Data Institute compared collisions of 100 insured vehicles per year in four different jurisdictions before and after bans on handheld cell phone use took effect. The study was done in New York, Washington, D.C., Connecticut and California.

Full Story at money.cnn.com

NEW YORK (CNNMoney.com) — Ford Motor reported its first full-year profit since 2005 and said it expects to be profitable again in 2010.

The automaker, which has outpaced the turnaround at both its domestic and some overseas rivals, said Thursday that it earned $2.7 billion in 2009. The company was helped by special items that added $2.6 billion to its bottom line during the year.

Full Story at money.cnn.com

NEW YORK (CNNMoney.com) — After posting a fourth-quarter loss, Verizon Communications, Inc. said Tuesday it plans to cut about 13,000 jobs this year.

Verizon recorded a net loss of $653 million, or 23 cents per share, compared with a profit of $1.24 billion, or 43 cents a share, a year earlier.