FEATURE-Weak Wall St bonuses may crimp some luxury spending

Newswire

By Aarthi Sivaraman NEW YORK, Dec 31 (Reuters) - The past few weeks may have meant Christmas shopping for some, but the next few could be all about where and how Wall Street bonuses will be spent. This year, payouts from U.S. financial companies are being scrutinized more than ever, as several banks cut jobs and reel from losses tied to mortgages and the global credit crunch. Overall bonuses announced so far are down from last year, headhunters have said, while individual payouts ...

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