Stock woes cause Aflac executives to trim, give up bonuses

Aflac Chairman and CEO Daniel P. Amos is giving up his 2008 bonus —- a payout that would have netted him $2.8 million —- because of the Columbus-based supplemental insurer’s depressed stock price.
Kriss Cloninger III, the company’s president and chief financial officer, is reducing his bonus by 35 percent or about $477,000.
The announcements, made after the close of markets Monday, come even though Aflac executives Read the rest of this entry »

February 21, 2009 | , , , , , , ,
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ShopNBC Announces Agreement to Restructure GE Preferred Stock

ShopNBC (NASDAQ: VVTV), the premium
lifestyle brand in electronic retailing, today announced an agreement with
GE to restructure and extend its $44.3 million payment obligation under the
Series A Redeemable Convertible Preferred Stock, currently held by GE and
scheduled to mature in the spring of 2009.
As part of the agreement, GE agreed to exchange all of its Series A
Redeemable Convertible Preferred Stock for the following:
-- An upfront cash Read the rest of this entry »

February 19, 2009 | , , , , ,
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OTC Select Announces Mid Day Stock Watch

In the wide and varied family of the thousands and thousands of funds out there, the exchange-traded fund is one of the
more consumer-friendly ones.
Unlike mutual funds, exchange-traded funds, or ETFs, behave more like stocks. You can buy
into an ETF at any time, and sell it whenever you feel like it. And like a stock, an ETF's value can rise and fall--depending
on what the ETF is invested in.What do Read the rest of this entry »

February 9, 2009 | , , ,
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Stock market rallies on hopes for homeowners

The stock market made a late-day comeback Thursday, hoping that homeowners will get more help with their mortgages.
report that the government plans to subsidize troubled homeowners’ mortgage payments helped the Dow Jones industrial average pare sharp losses Thursday afternoon and finish down less than 7 points.
declined to comment on the report.
The idea of help for homeowners impressed investors more than the government’s $789 Read the rest of this entry »

February 5, 2009 | , , , ,
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City man sentenced in Under Armour stock fraud scheme

.
Ronald Bowen was sentenced today on mail fraud charges in U.S. District Court in Baltimore. He was also ordered to pay $233,000 in restitution.
Federal prosecutors say Ronald Bowen called potential investors around the country saying he could sell Under Armour friends and family stock. He told investors he could buy stock at a favorable price during the company's initial stock offering. But the company never offered friends and family stock.
Read the rest of this entry »

January 31, 2009 | , , , , , ,
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Analyst: Berkshire Hathaway stock price attractive

An analyst on Monday upgraded shares of
Berkshire Hathaway Inc.
, saying billionaire Warren Buffett's company has ample cash to take advantage of buying opportunities for currently cheap stocks.
)'s insurance operations are well-positioned to seize on market shifts, and its stock has reached a historically low and attractive valuation.
Ransom upgraded his rating of Berkshire Hathaway shares to "outperform" from "in line," although he also Read the rest of this entry »

January 30, 2009 | , , , , ,
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Hong Kong dollar at one-week low on stock mkt fall

HONG KONG, Feb 17 (Reuters) - The following is a snapshot of
the Hong Kong foreign exchange and money markets on Tuesday.
HK$ SPOT 7.7539/42 7.7538/39
Three-month -63.5/57.5 -60/-58
Overnight 0.01/0.15 0.01/0.15
One-month 0.05/0.15 0.01/0.18
Three-month 0.39/0.89 0.53/0.78
Six-month 0.77/1.27 1.65/1.85
One-year 2.21/2.41 2.24/2.44
FOR MORE LIVE QUOTES FOR FORWARDS AND INTERBANK RATES,
click on.
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January 29, 2009 | , , , , ,
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Are There Benefits Of Online Stock Trading?

Are There Benefits Of Online Stock Trading?
This new method has given rise to a new level of convenient and liberty to trade stock at your own comfort. Trading stock online has been becoming popular tremendously as a large percentage of population is having an access to the computers.
The method of trading stock online starts by building a business relation with an online trading brokerage firm but it is always recommended that you should build Read the rest of this entry »

January 27, 2009 | , , , ,
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Decorize files to deregister common stock

Decorize Inc. has filed with the Securities and Exchange Commission to deregister its common stock and discontinue public reporting.
The Springfield-based home-furnishings maker filed Form 15 with the SEC and plans to immediately cease filing any reports, including forms 10-K, 10-Q and 8-K, the company said in a news release today. The move comes nearly two years after Decorize chose to delist from the American Stock Exchange; the company had been Read the rest of this entry »

January 26, 2009 | , , , ,
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JPMorgan Investment Bank CEOs Won’t Take Cash, Stock

JPMorgan Investment Bank CEOs Won’t Take Cash, Stock (Update2)
Jan. 23 (Bloomberg) --
,
co-heads of
’s investment bank, will forgo
cash and stock bonuses for 2008 and accept only stock options, a
regulatory filing showed.
The two executives were each awarded 700,000 stock
appreciation rights, to be paid at the discretion of the board
and Chief Executive Officer
, the New York-based bank
said in filings yesterday. The stock will be awarded Read the rest of this entry »

January 20, 2009 | , , , , , ,
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