10/24 Yahoo! News: Business

Please add updates@feedmyinbox.com to your address book to make sure you receive these messages in the future. Yahoo! News: Business - Business Carl Icahn quits Yahoo board, commends CEO (Reuters) October 23, 2009 at 11:16 pm Reuters - Billionaire activist investor Carl Icahn gave up his seat on the Yahoo Inc board of directors on Friday, closing a tumultuous chapter in the Internet company's 15-year history. Carl Icahn resigns from Yahoo board (Reuters) October 23, 2009 at 6:36 pm Reuters - Activist investor Carl Icahn resigned from the board of Yahoo Inc on Friday, a little more than a year after winning a seat in the wake of its protracted takeover talks with Microsoft Corp . AIG to disburse $12 million in delayed exec payments (Reuters) October 23, 2009 at 6:33 pm Reuters - AIG , the insurer that received a huge government bail out, said on Friday it is paying $12.1 million in retention awards to some top executives after U.S. pay czar Kenneth Feinberg gave it the green light. Home Depot to offer 2 trade-in exchanges (AP) October 23, 2009 at 5:05 pm AP - Home-improvement retailer Home Depot Inc. will offer two exchanges ahead of the holiday season, for holiday lights and power drills. House panel's probe targets big mortgage lenders (AP) October 23, 2009 at 4:02 pm AP - A House panel is investigating the role of mortgage lenders in the financial crisis and is seeking information from some of the biggest U.S. companies to determine if they used deceptive practices to lure borrowers into the housing boom. Pay czar emphasizes wide "clawback" power (Reuters) October 23, 2009 at 3:03 pm Reuters - U.S. pay czar Kenneth Feinberg on Friday emphasized his ability to claw back pay at any company receiving a taxpayer bailout but said such an extreme action "will be rare and far between." Amazon shares hit life high; analysts upgrade stock (Reuters) October 23, 2009 at 1:49 pm Reuters - Amazon.com Inc's shares soared 24 percent to touch a lifetime high on Friday, a day after a major earnings beat and upbeat holiday forecast prompted at least three brokerages to upgrade the world's largest online retailer. IberiaBank opens new mortgage offices in Ala., Ga. (AP) October 23, 2009 at 1:23 pm AP - IberiaBank Corp. has opened three new mortgage offices in Alabama and two in Georgia. Microsoft results top expectations, shares jump (Reuters) October 23, 2009 at 10:59 am Reuters - Microsoft Corp's results smashed Wall Street expectations on Friday, sending its shares up 8 percent, as the PC market improved and sales of its Windows software and Halo video game were stronger than expected. Nokia could seek up to $1 billion for iPhones: analysts (Reuters) October 23, 2009 at 10:54 am Reuters - Apple faces the possibility of having to pay the world's top cellphone maker Nokia up to $1 billion for the technologies used in iPhones sold so far if it loses a lawsuit brought by Nokia, analysts said. Existing home sales rebound to 2-year high (Reuters) October 23, 2009 at 10:50 am Reuters - Sales of previously owned U.S. homes surged to their highest level in more than two years in September, a survey showed on Friday, providing further evidence the housing market and economy were on the mend. Amazon shares hit 10-year high after results (Reuters) October 23, 2009 at 10:01 am Reuters - Shares of Amazon.com hit a 10-year high on Friday, rising more than 20 percent shortly after the market open a day after the online retailer reported robust quarterly profit. Laying on bets at America's biggest pension fund (Reuters) October 23, 2009 at 8:14 am Reuters - Russell Read, the former chief investment officer of Calpers, the largest pension fund in the United States, knows his trees. China formally launches Nasdaq-style board (AFP) October 23, 2009 at 7:31 am AFP - China on Friday raised the curtain on its long-awaited Nasdaq-style board, ChiNext, in a key step towards setting up a multi-tier capital market and giving a boost to small and medium-sized firms. European stocks rally amid mixed data (AFP) October 23, 2009 at 7:13 am AFP - Europe's main stock markets rallied on Friday as traders assessed contrasting data showing the British economy still gripped by recession but rising business activity in the eurozone. Whirlpool profit beats estimates on cost cuts (Reuters) October 23, 2009 at 6:49 am Reuters - Whirlpool Corp reported a higher-than-expected quarterly profit on Friday as cost cuts offset weak sales, and the world's biggest appliance maker raised its full-year forecast. Schlumberger profit tumbles (Reuters) October 23, 2009 at 6:33 am Reuters - Oilfield services leader Schlumberger Ltd reported lower quarterly earnings on Friday, hurt by weaker energy prices and slowing exploration spending. UK still in recession after shock Q3 contraction (Reuters) October 23, 2009 at 6:02 am Reuters - Britain's economy contracted unexpectedly in the third quarter of this year, official data showed on Friday, quashing hopes the downturn was ending and instead marking the longest recession on record. Stock futures point to Wall Street edging higher (Reuters) October 23, 2009 at 5:25 am Reuters - Stock index futures pointed to a slightly higher open for Wall Street on Friday, as investors awaited results from software giant Microsoft and data on home sales. Asia shares rise on earnings news, dollar slides (Reuters) October 23, 2009 at 2:41 am Reuters - Asian shares rose on Friday as investors were encouraged by upbeat earnings reports from the United States and Asia while the dollar resumed a broad slide after a Fed official indicated U.S. rates would remain low. GM CEO to get raise in compensation: report (Reuters) October 23, 2009 at 2:29 am Reuters - General Motors Chief Executive Fritz Henderson will get a raise in his compensation package to $5.45 million under new rules advocated by the U.S. pay czar, Bloomberg said, citing a person familiar with the matter. Calpers reviewing relationship with Apollo: report (Reuters) October 22, 2009 at 10:56 pm Reuters - Calpers, the biggest U.S. public pension fund, is reviewing its business relationship with Apollo Global Management, examining fees, performance and the "relationship as a whole," the Wall Street Journal reported on Thursday, citing documents outlining the review.   This email was sent to cardmaster21@gmail.com.  Create Your Account Don't want to receive this feed any longer? Unsubscribe here.