American Airlines CEO to Be Paid Entirely in Company Stock

Thursday, 23 April 2015 00:19 Written by
The CEO of American Airlines received compensation valued at $12.3 million last year and will stop drawing a salary and instead be paid entirely in company stock. CEO Doug Parker said Wednesday that the change started immediately and would make his compensation more in line with shareholder interests. American Airlines Group Inc. disclosed his compensation and the other changes in filings with the Securities and Exchange Commission. In 2014, a year of record profit
McDonald's Plots Turnaround as Sales Continue to Slide
Thursday, 23 April 2015 00:09 Written by
McDonald's plans to unwrap a plan next month that it says will help turn around sales declines around the world. CEO Steve Easterbrook, who stepped into the role just last month, said Wednesday the company will share "initial details" of the plan May 4. "I think there is a hunger and an interest in our business to embrace change," Easterbrook said during a conference call. While McDonald's has been "phenomenally successful" for decades, he
Asian Markets Mostly Higher Despite Weak China, Japan Data
Thursday, 23 April 2015 00:01 Written by
Asian shares rose Thursday despite fresh data showing economic weakness in China and Japan, as investors pinned their hopes on further stimulus measures. KEEPING SCORE: Japan's Nikkei 225 remained above the 20,000 mark it broached for the first time in 15 years the day before, gaining 0.3 percent to 20,202.08. Hong Kong's Hang Seng index added 0.4 percent to 28,040.37 and South Korea's Kospi gained 0.8 percent to 2,160.90. However, Australia's S&P ASX/200 dipped
Japan's Nikkei Closes at 15-Year High, Europe Stocks Down
Wednesday, 22 April 2015 23:59 Written by
Japan's stock benchmark closed above the 20,000-level for the first time in 15 years Wednesday, encouraged by the country's first monthly trade surplus since 2012. European stocks fell, however, and Wall Street was expected to open lower. KEEPING SCORE: France's CAC 40 was down 0.6 percent to 5,161.50 and Germany's DAX dropped 1.1 percent to 11,812.14. Britain's FTSE 100 fell 0.6 percent to 7,020.34. U.S. shares were set to fall, with Dow futures down
San Fran Housing Rent up a Sizzling 14.8 Pct. in 12 Months
Wednesday, 22 April 2015 23:56 Written by
Almost no one is moving to San Francisco to save money. They might come for the tech jobs, the artisanal espressos or the weather. But average home rent has jumped nearly 15 percent in the past year — to $3,129 last month — according to real estate data firm Zillow. Across the country, rising home prices have been shifting many Americans into rentals, a trend that driven up rents. Over the 12 months that
Boeing Tops 1Q Profit Forecasts, Airplane Deliveries Rise
Wednesday, 22 April 2015 23:56 Written by
Boeing Co. delivered more commercial airliners in the first quarter, offsetting sluggish results in the defense side of its business and pushing its first-quarter earnings up 38 percent. The profit topped Wall Street expectations, but revenue was below forecasts, and production costs of the Boeing 787 jet continued to pile up. Boeing and European rival Airbus Group N.V. are benefiting as airlines use some of their record profits to buy new and more fuel-efficient
Amgen Tops Estimates With 51 Percent Spike in 1Q Profit
Wednesday, 22 April 2015 23:40 Written by
Amgen Inc. boosted its first-quarter profit by 51 percent, thanks to surging drug sales and ongoing cost cuts designed to free up cash for an unprecedented burst of new product launches. The huge biologic drugmaker on Tuesday beat Wall Street forecasts and raised its profit forecast for this year. The Thousand Oaks, California, company is gradually reducing positions in research and development, administration and elsewhere. Meanwhile, it has assembled a new sales group to
Asian Stocks Mostly Higher as Japan Exports Improve
Wednesday, 22 April 2015 22:36 Written by
Asian stocks were mostly higher Wednesday after Japan reported its first trade surplus in three years, adding optimism to regional sentiment despite a fall on Wall Street. KEEPING SCORE: Japan's benchmark Nikkei 225 added 1.1 percent to 20,123.37 in morning trading. South Korea's Kospi rose 0.7 percent to 2,158.77. Hong Kong Hang Seng gained 0.5 percent to 27,994.82 and China's Shanghai Composite jumped 1.6 percent to 4,362.76. Australia's S&P/ASX 200 shed 0.8 percent to
US Treasury Freezes Assets of Japanese Yakuza
Wednesday, 22 April 2015 21:50 Written by
The U.S. Treasury Department says it has taken action against a major affiliate of the Yamaguchi-gumi, Japan's largest and most prominent "yakuza" crime syndicate. Treasury says it has targeted the Kodo-kai and its chairman Teruaki Takeuchi, with designations as "significant transnational criminal operations." The designation freezes any assets held in the United States by the organization and its chairman. It also prohibits U.S. firms and individuals from doing business with them. John E. Smith,
The Perils of Investing in Past Performance
Wednesday, 22 April 2015 15:27 Written by
The future ain’t what it used to be.--Yogi Berra The overwhelming majority of individual investors approach the stock market with a mentality that virtually guarantees failure: They believe that the future will always resemble the present. Even though most investors know that what goes up must eventually come down, they irrationally persist in buying stocks that are highly priced. The amazing thing is that, even though many of these people are long-term investors, they ignore

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