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Pay czar says reworking AIG bonuses a priority

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The Obama administration's pay czar said on Wednesday that renegotiating guaranteed bonus contracts at American International Group's AIG Financial Products unit was a top priority for him in 2010.
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Norfolk Southern Q3 net falls

Norfolk Southern Corp , the No. 4 U.S. railroad, said on Tuesday that its earnings in the latest quarter fell nearly 42 percent as the economic downturn continued to weigh on freight volumes.
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NYC sees economic gold in green jobs

Recession-stricken New York City plans to double its current green work force by creating over 13,000 new jobs in the next decade, partly by competing with London to become the new center for carbon trading, a city official said on Wednesday.
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Russia drops $22.5 billion suit vs BONY

Russia has dropped its $22.5 billion lawsuit against Bank of New York Mellon , in line with an earlier request by the country's Customs Service, a judge said on Thursday.
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TI profit and revenue beat Wall St forecasts

Chip maker Texas Instruments Inc posted better-than-expected quarterly results on Monday, citing strong demand across all business segments including computers, phones and cars.
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NYC's Stuyvesant Town moves closer to default

Stuyvesant Town and Peter Cooper Village, a huge Manhattan apartment complex that became the largest residential deal in New York's history, could be headed for default as early as December, according to Trepp, a firm that tracks commercial mortgage securities.
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Chipmaker AMD loss beats Street, shares up

Advanced Micro Devices Inc (AMD) reported stronger-than-expected quarterly results on Thursday, helped by strong processor shipments, sending shares up in after-hour trading.
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New York Times scraps plan to sell Boston Globe

The New York Times Co said it has given up its plan to sell The Boston Globe and related businesses after drastic cuts it imposed on the daily newspaper earlier this year improved its financial position.
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AIG sells Taiwan insurance unit for $2.15 billion

American International Group has agreed to sell it's Taiwan life insurance unit for $2.15 billion, a key step in its effort to raise cash after a U.S. government bailout last year saved the company from collapse.
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Citi fined $600,000 for lax trade monitoring

Citigroup Inc has been fined $600,000 by the Financial Industry Regulatory Authority for failing to police derivatives transactions, including those that helped foreign clients avoid taxes on dividends.
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Citigroup starts Tiffany with buy

Citigroup initiated coverage of jeweler Tiffany & Co with a buy rating and a $50 price target, citing an expected return to sustained positive same-store sales in the fourth quarter.
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High-tech video surveillance to expand in New York

New York City's police video camera surveillance network will be expanding with the help of $24 million in Federal grants, New York Mayor Michael Bloomberg and Police Commissioner Ray Kelly announced on Sunday.
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AIG dismisses McKinsey as adviser-Bloomberg

American International Group dismissed consulting firm McKinsey & Co as its restructuring adviser in an effort to cut costs, according to a Bloomberg report, citing two people familiar with the matter.
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Despite boom, IPO market not a 'free-for-all'-NYSE

The current boom in U.S. initial public offerings does not signal a free-for-all for prospective companies, which are closely watching the mixed performance of IPOs this week and last, the head of listings at the New York Stock Exchange parent company said on Tuesday.

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