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Bank of America boosts CEO Brian Moynihan's pay 15% to $26.5 million after record profit last year

Bank of America boosts CEO Brian Moynihan's pay 15% to $26.5 million after record profit last year

Finance
Bank of America CEO Brian Moynihan got a 15 percent raise, the biggest increase among bank chiefs to disclose pay so far, after the lender reported record earnings last year. Moynihan's compensation rose to $ 26.5 million from $ 23 million in 2017, according to a regulatory filing Friday. That includes a $ 1.5 million salary and $ 25 million in stock units, some of which are performance-based. Bank of America, the second biggest U.S. lender after J.P. Morgan Chase, benefited last year from the corporate tax cut, rising interest rates and Moynihan's efforts to cut costs. The bank generated $ 28.1 billion in profits in 2018, 54 percent more than...
Australian Open 2019: Novak Djokovic motivated by pursuit of Roger Federer record

Australian Open 2019: Novak Djokovic motivated by pursuit of Roger Federer record

Sports
Media playback is not supported on this device Novak Djokovic says he is motivated by "having a shot" at Swiss great Roger Federer's all-time men's record of 20 Grand Slam victories.The 31-year-old Serb, the world number one, thrashed great rival Rafael Nadal 6-3 6-2 6-3 to claim his 15th major in Sunday's Australian Open final.It was his third Slam in a row, having won Wimbledon and the US Open in 2018. "I'm aware that making history in the sport I truly love is something special," he said. Top seed Djokovic's record seventh men's singles victory in Melbourne moved hi...
Ant & Dec hit with more fury after NTA win gets them Guinness World Record

Ant & Dec hit with more fury after NTA win gets them Guinness World Record

Entertainment
ANT and Dec were hit by more fury last night after being rewarded with a world record. The pair received the Guinness accolade after being crowned Best Presenters for 18 years in a row at the National Television Awards.But viewers are angry that Ant is being praised despite being banned from the road after pleading guilty to a drink-driving charge last March.He went into rehab and cancelled all work commitments, hosting seven of the BGT audition episodes last year and just four of the ITV Takeaway live shows. CERTIFICATES: TV’s Ant and Dec (Pic: Guinness World Records) WIN: They were crowned Best Presenters for 18 years in a row at the National Television Awards (Pic: NC) One critic blasted: "Don't get me wrong Dec is amazing but Ant doesn't deserve an award after being caught ...
UK team drills record West Antarctic hole

UK team drills record West Antarctic hole

Science
Media playback is unsupported on your device UK scientists have succeeded in cutting a 2km hole through the West Antarctic Ice Sheet to its base. It's the deepest anyone has gone in the region using a hot-water drill. The British Antarctic Survey (BAS) pulled up sediment from the bottom of the hole and deployed a series of instruments.The researchers hope the project's data can help them work out how quickly the White Continent might lose its ice in a warming world. Dr Andy Smith leads the team, which is still at the drill site at a location known as the Rutford Ice Stream.He says there is immense satisfaction at having reached the bed after so many years of trying. An aborted atte...
UK employment total hits record high

UK employment total hits record high

Business
The number of people in work in the UK has reached a record high of 32.54 million, latest figures from the Office of National Statistics show.Unemployment was flat, with a small increase of 8,000 between September and November for a total of 1.37 million."The share of the population in work is the highest on record," said David Freeman, ONS head of labour market. "The share of the workforce looking for work and unable to find it remains at its lowest for over 40 years."Average earnings excluding bonuses increased by 3.3% in the year to November, as wage rises continued to outpace inflation. The unemployment total is 68,000 lower than a year ago with the jobless rate 0.2% down on this time in 2018 and the number of job va...