Christmas bonuses shrink amid recession across firms
In a year of layoffs only 13 percent of 136 firms plan Christmas bonuses, down from 25 percent six years ago, with New York area firms also trimming and many switching to lump-sum payments. Wall Street firms boost bonuses while others cut or eliminate them amid profit declines and cautious gifts policies.
MENTIONED IN THIS ARTICLE
BW York
Bureau of National Affairs
Washington
Chamber of Commerce and Industry
New York City
New York Metropolitan Area
Wall Street
Dillon Read & Co
Lehmann Brothers
Salomon Brothers
L. F. Rothschild & Co
Sanford C Bernstein & Co
Amstar Corp
Madison Avenue
Doyle Dane Bernbach Inc
Pope Paul VI Opens Holy Year With St. Peter Door Ceremony
Pope Paul VI strikes the Holy Door of St. Peter's Basilica to inaugurate the 1975 Holy Year amid calls for reconciliation across the world. The event will be televised in 45 nations as millions prepare for Christmas Mass.
MENTIONED IN THIS ARTICLE
Atican City
St. Peter's Basilica
College of Cardinals
Paul
Northern Ireland
Vietnam
Middle East
Holy Land
Jerusalem
Pope Paul
Vatican
Pius XII
Urban VI
Jesus Christ
Paul II
Amoco Caps Expensive Dry Hole in Alaska Cathedral River No 1
Amoco Production Co. of Tulsa capped a dry hole in Alaska costing 10.8 million dollars, about 3.5 million more than the state’s total value. The Cathedral River No 1 well, ~600 miles southwest of Anchorage, failed to yield oil or gas after heavy drilling costs and long transport.
MENTIONED IN THIS ARTICLE
Tulsa
Amoco Production Co
Alaska
United States
Amoco
Cathedral River No
Anchorage
Franklin Organizes Philadelphia First Volunteer Fire Dept
Benjamin Franklin forms the first volunteer fire department in Philadelphia in 1736, establishing a citywide firefighting organization and public safety effort.
MENTIONED IN THIS ARTICLE
Benjamin Franklin
Philadelphia
Price Of Gold Drops Slightly
London morning price fixed at 192.25 per ounce down 75 cents from Monday. Zurich open at 193.25, down 50 cents from Monday close. Dealers call the dip a normal reaction after Monday's surge tied to anticipated end of the U.S. gold purchase ban and a Treasury sale. Swiss buyers were noted as leading early buying.
MENTIONED IN THIS ARTICLE
London
Zurich
U.S
Washington
U.S. Treasury
Informer to Get 45000 in Los Angeles Fraud Case
An informer testified in a Los Angeles check fraud case that he will receive 45000 from the city for aiding in uncovering a scheme that netted millions. Michael Raymond said he initially asked 125000 to help Senate investigators. he was paid 22500 on December 7 after turning over three bogus checks totaling nearly 2.5 million.
MENTIONED IN THIS ARTICLE
In Angeles
Los Angeles
Michael Raymond
U.S. Senate
Permanent Investigations Subcommittee
Senate
Raymond
New York City
Bernard R. Howard
Morton B. Freeman
Clayton Anderson
District Attorney
Stephen Trott
Thomas Bradley
Edward M. Davis
Howard
Freeman
President Giscard D'Estaing Hosts Paris Garbagemen
Paris garbagemen including a French worker and two Malians were invited to breakfast by President Valery Giscard D Estaing after their garbage truck stopped near the Elysee Palace. The 20 minute meal included cafe au lait toast and croissants as they discussed work and family.
MENTIONED IN THIS ARTICLE
LA Times
Washington Post
Paris
Valery Giscard D'Estaing
Avenue Marigny
Elysee Palace
Giscard
Philippe Sauzay
Africa
Also Mentioned on This Page
J. Walter Thompson Co
Shieka Grimshamer
Betty Ford
Gloria Brown
Vail
Colo
Ford
The
Rome
Boniface VII
Louisiana
TOT National Bank
Amsterdam
Aime Nassif
Tampa, Fla
Ruby Conner
Aah
International Paper
E. Gore
Lawton
Wacker’s
Jou
Yoor
Krom
FDIC
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