CNN BUSINESS BRIEF: Wall Street Bonuses

October 12 Business Brief Video from CNN

WALL STREET STARTS OFF THE NEW WEEK WITH SOME MODEST GAINS.
THE DOW PICKED UP 3 POINTS.
THE NASDAQ AND THE S AND P 500 FINISHED RELATIVELY FLAT.
A GROUP OF LEADING ECONOMISTS SAY THE ECONOMIC RECOVERY IS SPUTTERING AND THE OUTLOOK FOR THE REST OF 2010 IS BLEAK.
THE PANEL SURVEYED BY THE NATIONAL ASSOCIATION FOR BUSINESS ECONOMICS IS CUTTING ITS GROWTH EXPECTATIONS FOR THIS YEAR AND NEXT.
THE ECONOMISTS SAY BUSINESSES WILL CONTINUE TO DRIVE THE RECOVERY BUT THEY DON'T EXPECT THE JOB MARKET TO PICK UP UNTIL THE SECOND HALF OF 2011.
WALL STREET IS BANKING ON BONUSES.
IN A RECENT EMAIL SURVEY OF WALL STREET FINANCIAL PROFESSIONALS, 50 PERCENT OF RESPONDENTS SAID THEY'RE ANTICIPATING A BIGGER BONUS THIS YEAR, COMPARED TO LAST YEAR.
11-PERCENT EXPECT THEIR BONUS WILL BE AT LEAST 50-PERCENT LARGER.
EMPLOYEES ARE MORE CONFIDENT IN THEIR COMPANIES THIS YEAR.
ONLY 36-PERCENT EXPECTED LARGER BONUSES IN 2009.
MICROSOFT IS JUMPING INTO THE SMARTPHONE MARKET WITH A NEW MOBILE OPERATING SYSTEM -- WINDOWS PHONE 7.
SAMSUNG, L-G, AND H-T-C ARE ALL DESIGNING DEVICES TO RUN THE NEW SOFTWARE, AND THE PHONES WILL RUN ON AT&T'S NETWORK.
THREE DIFFERENT WINDOWS SMARTPHONES WILL HIT STORE SHELVES IN TIME FOR THE HOLIDAYS. THEY'LL COST ABOUT 200-DOLLARS EACH.
FOR BUSINESS BRIEF, I'M STAN CASE.

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News & Politics

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