Market Roundup (BKS, S, AXP)

According to a study conducted by a compensation consulting firm, bonuses in Wall Street are likely to rise this year, despite regulatory pressure over compensation. This is because the financial sector is recovering from the recession much faster than the broader US economy. Market professionals are saying that although the stock market may seem it is like panicking and overreacting over the possibility of a possible double-dip, sell off over the past week this may be just a result of normal volatility in a market that is currently range bound. The professionals have called out to traders and asked them to refrain from drawing meaningful inferences until investors return from summer vacation. Barnes & Noble BKS has said that it was unable to reach a settlement in Ron Burkle's "poison pill" lawsuit. The settlement would have removed any hurdle in selling the bookseller. Sprint Nextel S, the third largest mobile service provider in the US, has lost its senior VP for product development, Kevin Packingham. Kevin, who was involved in the launch of the company's latest smartphones last month, has left S to take up the position of chief executive of a new Kansas City area venture. Earlier Sprint's head of prepaid services had resigned to join American Express AXP. Read more from Benzinga's Markets.