JPMorgan Chase, which reported $11.7 billion in profit in 2009, awarded Chief Executive Jamie Dimon a compensation package worth about $16 million. Bankers’ compensation has been a hot-button issue amid the financial crisis, as the U.S. government spent billions in taxpayer funds to prop

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Air Products and Chemicals launched an unsolicited $5.1-billion cash bid to buy rival Airgas Friday in a move to create the largest industrial gas company in North America. Airgas shares jumped 42 percent in premarket trading. Air Products, which supplies gases such as argon, helium and nitrogen

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Toyota President Akio Toyoda has apologised for the recall of millions of cars across the world and pledged to set up a new quality control committee. Mr Toyoda said he was “deeply sorry” for the recalls and admitted Toyota faced “a moment of crisis”.

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Troubled Swiss bank UBS, which has been battered by a U.S. tax evasion probe, is reorganizing its U.S wealth management division in an attempt to stem outflows. The Swiss bank, the world’s second largest wealth manager, said on

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BG Group said its pre-tax profits fell to £857m ($1.4bn) in the three months to the end of December 2009 from £1.3bn in the same period a year ago. Full year profits for the UK gas producer were down to £3.9bn in 2009, from £5.5bn in 2008

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