Friday’s highlights:

Citigroup Inc could pay commercial and investment banking bonuses for 2009 that are similar to 2008 levels, and may cap individual cash payouts at about $60,000, according to people that have been briefed on the plan.

CF Industries Holdings Inc (CF.N) withdraws its year-long hostile bid to buy rival fertilizer maker Terra Industries Inc (TRA.N) on Thursday, bringing a three-way battle for control of the North American fertilizer business closer to a conclusion.

Shiseido Co Ltd, Japan’s largest cosmetics company, agrees to buy U.S.-based Bare Escentuals Inc for $1.7 billion, as it looks to revamp its global brand and expand in North America.

Billionaire investor Wilbur Ross says he’s “quite possibly” interested in teaming up with Richard Branson’s Virgin Money to bid for state-owned British bank Northern Rock.

Willcom Inc, a Japanese mobile phone company majority owned by U.S. buyout firm Carlyle, may be bailed out by a government-backed turnaround fund, a person with knowledge of the matter says.