BofA bonus

Bank of America gave CEO Brian Moynihan a $9.05 million restricted stock bonus for his first year as head of the bank.

Oil surge

Oil surged to $92.19 in New York, the highest price in more than two years, as unrest in Egypt raised concern that sup plies may be disrupted.

Fab nixed

Goldman Sachs trader Fabrice Tourre lost his bid to delay government depositions in an SEC lawsuit. The SEC have accused Goldman and Tourre of failing to tell investors that hedge fund Paulson & Co. helped pick underlying securities for a collater alized debt obligation and planned to bet against them.

Android No. 1

Google’s Android de throned Nokia’s Sym bian as the global leader in smartphone software during the last quarter of 2010, ending a reign that began a decade ago.

Spending spree

Consumer spending in the US rose 0.7 per cent in December after climbing 0.3 percent the prior month, the Commerce Dept. said.