IBT Staff Reporter

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U.S. to force Wall Street to defer half of bonuses

U.S. regulators will propose on Monday that executives at the largest financial institutions have half of their bonuses deferred for at least three years as part of efforts to curb excessive risk taking, according to two people familiar with proposal.

Video shows Cuban fears of Internet, social media

Cuba fears the United States is encouraging dissent through social media such as Facebook and Twitter with the goal of toppling the government, according to the video of what appears a meeting of Cuban officials posted on websites this week.

Hackers breach Nasdaq's computers

The operator of the Nasdaq Stock Market said it found suspicious files on its U.S. computer servers and determined that hackers could have affected one of its Internet-based client applications.

Nasdaq finds suspicious files in hacker probe

Exchange operator Nasdaq OMX Group Inc found suspicious files on its U.S. computer servers and determined one of its Internet-based client applications was potentially affected by hackers, the Nasdaq Stock Market's parent company said on Saturday.

PIMCO says Europe should relieve Greece of debt

Europe should relieve Greece of some of its debt burden as its savings program would only stifle economic growth, the head of the world's biggest bond fund was quoted as saying in a German magazine on Saturday.

Internet Kill Switch Not Possible In The U.S.

Since the Egyptian government shut down the Internet for days in the wake of protests, some have asked if the U.S. government could set up an Internet kill switch to cut off access -- either to stop people from communicating or protect the country from cyber attack.

Hackers penetrate Nasdaq computers: report

Computer hackers repeatedly entered the network of the company that runs the Nasdaq stock market in the past year, but the trading platform was not compromised, the Wall Street Journal reported on Friday.

BofA creates foreclosure unit and appoints chief

Bank of America Corp appointed on Friday a new foreclosure and loan modifications czar, and created a new unit to oversee problem home loans in a bid to sort out its on-going foreclosure issues, becoming the first large U.S. bank to do so.

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