Tech stocks reported poor earnings Friday, causing shares to fall. Tech stocks are seen as an early indicator for corporate earnings in other sectors.
Ron Paul is hoping the third time’s the charm. The Texas congressman declared his (third) candidacy for president Friday on ‘Good Morning America.’ The ‘intellectual grandfather’ of the tea party movement is a constitutional purist who’s as popular among his fervent followers as he is disliked by the GOP establishment. He’s a dark horse pushing for an upset victory.
CEOs at the biggest public companies in the US saw a raise in pay in 2010. The fourth annual analysis by the Wall Street Journal and the Hay Group, a management-consulting firm, shows that the median value of compensation of CEOs at the top 350 companies rose 11 percent, to $9.3 million. Only two of the Top 5 highest-paid CEOs were among the Top 5 the previous year, and only one was on the list four years ago. Total compensation includes salary, bonuses, granted value of stock, stock options, and other long-term incentives awarded for work.
Tech stocks received a boost with Intel and VMware leading the charge along with IBM. Apple, Cisco Systems, and Hewlett-Packard have yet to report, but Apple's iPad has been accused of hurting personal computer sales.
Federal agents arrest an attorney and stockbroker who allegedly used prepaid phones and inside information to make millions during a 17-year insider-trading partnership.
The US stock market gained for the week, with the Dow up 3 percent. Investors are regaining confidence in stocks despite developments in Japan, Libya, and Europe.