S&P streak
The Standard & Poor’s 500 rose 0.54 percent to 1,502.96 yesterday, hitting its first eight-day rally since 2004.
AIG bonuses
AIG managers may get more incentive pay — after the insurer repaid the US $182.3 billion for bailing it out — Chairman Steve Miller said, crediting execs with performing “miracles.”
Hogan rest
JPMorgan Chase Chief Risk Officer John Hogan will take a sabbatical, according to a memo. Hogan said he plans to return in early summer.
BofA slog
Bank of America CEO Brian T. Moynihan, at the World Economic Forum in Switzerland, likened cleaning up the $40 billion mortgage mess from its Countrywide Financial takeover to mountain climbing with a “250-pound backpack.”
Hostess gift
Hostess Brands won permission to sell the majority of its bread brand assets and Beefsteak brand — to Flower Foods — at a Feb. 28 auction.
Tweet!
Micro-blogging service Twitter was valued at about $9 billion after early employees sold $80 million in shares to a fund managed by BlackRock, sources said.