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Daily Archives: March 5, 2010

SEC Filing Show Google Management To Take $1 In Salary

Posted: March 5, 2010 at 7:33 pm

Google (GOOG)  disclosed that Chairman & CEO Eric Schmidt and founders Sergey Brin and Larry Page will each be paid $1 in base salary for 2010 in an 8-K filing.  ...
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Hewlett-Packard Slashes Profits On Litigation Costs, No One Cares

Posted: March 5, 2010 at 4:56 pm

American corporations have a habit of releasing bad information late on Friday afternoon. Hewlett-Packard (HPQ) announced that it has revised its previously announced financial results for its first fiscal quarter ...
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Lockheed Martin (LMT) CEO Made $23 Million As Net Income Slipped

Posted: March 5, 2010 at 4:46 pm

Robert J. Stevens, the CEO of Lockheed Martin (LMT) made $23 million last year, according to the company's proxy. Part of his compensation included use of corporate aircraft for personal ...
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AMD CEO Makes $4.5 Million As Firm Profits From Intel Settlement

Posted: March 5, 2010 at 4:29 pm

AMD (AMD) CEO Dirk Meyer made $4.6 million last year as his company made a profit, but only because of a legal settlement with Intel (INTC) over antitrust matters. The ...
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Consumer Credit, Getting Back to Borrowing

Posted: March 5, 2010 at 3:28 pm

You might not believe it, but the Federal Reserve noted that January's consumer credit rose by 2.4% in January by $4.96 billion to $2.456 trillion.  This marks the first time ...
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National Employee Morale Day At XenoPort (XNPT)

Posted: March 5, 2010 at 2:47 pm

Biotech firm XenoPort (XNPT) will lay-off half of its employees. The company lists 219 full-time workers. On February 17, the FDA rejected a restless leg syndrome drug being developed by XenoPort and ...
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Will Apple’s Market Cap Limit The Stock? (AAPL, JPM, GE, JNJ, PG, MSFT, XOM, WMT)

Posted: March 5, 2010 at 12:14 pm

24/7 Wall Street has a real-time index we keep of the 500 largest market caps of US equities.  This is The 24/7 Wall St. Real-Time 500.  Of these, the 23 ...
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No Wonder The Stimulus Package Does Not Work

Posted: March 5, 2010 at 10:28 am

The graphic to the left illustrates the path of Recovery funds from the federal government to the local level. Congress appropriates Recovery Act funds to federal agencies. Federal agencies make funds ...
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Financial Reform Is Floundering

Posted: March 5, 2010 at 10:13 am

By Heather Horn of The Atlantic Wire It should tell you something that Funny or Die's star-studded video of past presidents encouraging Obama to pass financial reform attracted more attention ...
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Today’s Best Market Rumors (3/5/2010)

Posted: March 5, 2010 at 8:40 am

Updated throughout the day. Microsoft (MSFT) will launch a phone with Verizon Wireless. (Gizmodo) Swiss commodity trader Glencore bought back its Prodeco coal operations in Colombia from mining group Xstrata and is looking ...
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No Unemployment Bombshells in February

Posted: March 5, 2010 at 8:39 am

The Labor Department has released its Unemployment rate for February.  The official figure kept at 9.7% versus a Dow Jones projection of 9.8%.  The change in non-Farm Payrolls in February ...
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Top 10 Analyst Upgrades and Downgrades (ACG, CPN, COF, DISH, JWN, MOS, MYGN, POT, TIVO, WEN)

Posted: March 5, 2010 at 8:20 am

These are the top ten analyst calls we have seen in upgrades, downgrades, and initiations from Wall Street research calls this Thursday morning: Allergan Inc. (NYSE: AGN) Raised to Buy ...
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Over Nearly Half A Century, Buffett Beats Every Mutual Fund

Posted: March 5, 2010 at 7:15 am

Over the last 45 years, Warren Buffett's investments have beaten those of every mutual fund. That's every mutual fund. According to a study from fund research firm Morningstar, Buffett has ...
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Some Banks Are Too Big To Fail

Posted: March 5, 2010 at 5:50 am

As the Congressional Oversight Panel examined the history of the near-collapse of Citigroup (C) and its plans to stay out of trouble, a Treasury official made it clear that the department believes ...
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Finger Pointing Begins In Cyber Attack Wars

Posted: March 5, 2010 at 5:31 am

The head of the FBI said that cyber attack threats to US companies and the federal government are not strictly from groups in large nations such as China and Russia. ...
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