850 jobs to be cut at Fleet credit-card center

Article Abstract:

Bank of America Corp. plans to cut 850 of the 1500 jobs in 2005 at the former Fleet Financial Corp. credit-card center in Horsham, which happens to be the biggest job cut announcement in Montgomery County till April 2004. The bank claims that it does not need all 2,600 workers it inherited from Fleet's credit-card subsidiary because it already had card operations in Arizona and other states.

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Executive privilege

Article Abstract:

Top executives at most Philadelphia companies collected big pay raises as the economy recovered though a few large employers cut their bonuses and stock options in the face of shareholder complaints. The total compensation of the highest-paid executive of a publicly held company in the Philadelphia area has increased and decreased largely because of the exercise of stock options.

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Damage estimates in Fla. rank high

Article Abstract:

The damage estimates in Florida caused by Hurricane Charley is high from $5 billion to $15 billion. The Charley's costs would be passed along to Florida homeowners, businesses, and drivers.

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