Timothy Cook, Apple’s (AAPL) COO, who sat in while Steve Jobs was away ill, made a bonus valued at $22 million for his work. The bonus was awarded on March 10 and is discretionary, which means that the board did not specifically attached it to anything in Cook’s employment contract or the company’s executive compensation program
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Earnings season is over. Well, sort of. We have the delayed reports and the reports from companies which have off-regular quarterly or fiscal earnings. Next week we have AthenaHealth, Inc. (NASDAQ: ATHN), Sequenom Inc.
American Express (AXP) has informed a number of its card members that their account numbers, names, the date on which their cards became effective, and the expiration dates have been stolen. The firm also said that the employee who took the data has been arrested and that an investigation is ongoing. American Express stated that social security numbers [[ This is a content summary only.
How many quarters have we had to hear from fertilizer and potash companies that the earnings results will be disappointing but good news is closer rather than farther away? This has been the trend for about 9 months or so. But now things may finally be changing for the sector. Potash Corp.
The market was overly impressed with the rebound in February retail sales. The Commerce Department says that the figure for the month was $355.5 billion excluding autos, an increase of 0.3 percent from January.
Updated throughout the day. Janet Yellen will be nominated to be vice chair of the Fed (various) Meg Whitman’s former CEO of Ebay (EBAY) run for governor of California may be hurt by her investments in firms that may have profited from the recession (LA Times). Pierre-Henri Flamand of Goldman Sachs (GS) may start his hedge fund (The Telegraph).
Toyota’s US sales are recovering in March, as improbable as that may seem. Industry research group Edmunds.com said the Japanese company’s zero percent incentive plan has brought Toyota’s market share in the US back up to 16.8% from 12.8% in March. Edmunds reports that “Toyota’s daily retail sales rate is running at about 47 percent higher [[ This is a content summary only
Mortgage research firm RealtyTrac reported that the rate of mortgage defaults slowed to a four-year low in February, but the trend of foreclosures was still up by 6% compared with the same month last year. The federal government continues to do what it can which includes the President’s $75 billion Homeowner Stability Initiative. One of [[ This is a content summary only
Google (GOOG) seems ready to extend its plan not to censor the results of its search engine results in China, which would anger the local government.
