Wall Street Firms Cut Compensation, `Buckling’ to Pressure From Washington Goldman Sachs Group Inc., Morgan Stanley and JPMorgan Chase & Co.’s investment bank slashed their compensation in the fourth quarter, responding to political pressure that will probably persist as details of bonuses for their top executives emerge in coming weeks.

HealthCor Said to Hire Ex-Galleon Group Portfolio Manager Jeff Bernstein HealthCor Group, a $3 billion asset manager that invests in health-care and life-sciences companies, hired Jeff Bernstein, who helped run the biggest hedge fund at Galleon Group LLC before it was shut down, said a person familiar with the matter.

Tishman to Hand Over Stuyvesant Town to Its Lenders After Debt Talks Fail Tishman Speyer Properties LP and BlackRock Inc. will cede control of Stuyvesant Town-Peter Cooper Village to lenders after the value of Manhattan’s largest housing complex fell and they were prevented from raising rents.

Biggs Is `Still Bullish’ on U.S. Stocks, Favors Technology, Drug Companies Barton Biggs, who recommended buying U.S. stocks in March when benchmark indexes sank to the lowest levels since the 1990s, said he favors equities because of the rebounding economy.

Legg Mason’s Miller Says U.S. May Grow Up to 10% on Jump in Company Profit Legg Mason Inc.’s Bill Miller said the U.S. economy may grow as much as 10 percent this year, almost four times faster than companies and economists forecast, driven by a surge in corporate profits.

Fidelity’s Anthony Bolton Sees `a Lot of’ Chinese IPOs in Service Industry Fidelity International’s Anthony Bolton, who is moving to Hong Kong to set up a fund, expects China to have “a lot” of initial public offerings in the service industry in the future.

AMP’s Brunton Buys Australian Mortgage Bonds as Real Estate Prices Gain Investors should buy Australian mortgage-backed notes that are still paying junk bond yields as rising property prices and low defaults cut risk, according to Jeff Brunton, head of credit markets at AMP Capital Investors.

Corporate Bond Sales Cut in Half by Widening Yield Spreads: Credit Markets Corporate bond sales are falling and borrowing costs are increasing for the first time in eight weeks amid investor concern the pace of economic recovery is flagging.

Obama’s Mandatory IRAs May Burden Small Employers, Business Group Says U.S. President Barack Obama’s effort to increase retirement savings by requiring all businesses to offer automatic IRA accounts may face opposition from small companies, says a Washington-based trade group.

India Hit by Record Low `Buys’ as Subbarao Poised to Raise Interest Rates Investment strategists are cutting recommendations on India at a record pace after the country’s stocks surpassed China as the most expensive major emerging market for the first time since 2006.

Hang Seng May Post Deeper Decline on Moving Averages: Technical Analysis Hong Kong’s Hang Seng Index, the worst performer this year among key indexes in the world’s largest stock markets, may undergo a “deeper correction” if it falls below its 200-day moving average, according to analysts.

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