SHAREHOLDERS

YRC Worldwide sets rules for voting on stock issue

Troubled trucking operator YRC Worldwide Inc. says shareholders as of Monday will get to vote on a stock plan related to the company's recent debt-for-equity swap.

Sprint approves shareholder-called meetings

Sprint Nextel officials will now allow large shareholders to call special meetings of investors.

InfoGroup holds annual meeting in Papillion, Neb.

Database provider InfoGroup Inc. plans to welcome shareholders to one of its suburban Omaha offices in Papillion for its annual meeting.

P&G;'s new CEO McDonald seeks 1B more customers

The Procter & Gamble Co.'s new CEO wants to fire up growth by adding a billion new customers for products such as Pampers diapers and Gillette shavers around the globe over the next five years.

Bed maker Select Comfort vote in dispute

Bed maker Select Comfort Corp. on Tuesday said a recent shareholder vote to decide on a major outside investment in the company will be reviewed.

Centex, Pulte shareholders OK takeover

Pulte Home Inc.'s $1.53 billion takeover of rival Centex Corp. was approved by shareholders of both companies Tuesday, creating the largest homebuilder in the United States.

Merck, Schering-Plough shareholders OK $41B deal

Shareholders of drugmakers Merck & Co. and Schering-Plough Corp. on Friday both overwhelmingly backed a huge tie-up of the New Jersey neighbors, and shares of both companies jumped.

Packers address Favre, finances with shareholders

Green Bay Packers president and CEO Mark Murphy was cheered when he addressed the Brett Favre situation at Thursday's annual shareholders meeting.

Kroger CEO wants "balance" in labor talks

Kroger Co.'s chief executive says both sides must find a balance as the grocery store chain faces tough union negotiations.

CarMax focused on cost-cutting, execution

CarMax Chief Executive Tom Folliard says the auto retailer is focused on eliminating waste and improving execution to weather the weak automotive market and better position it for future growth.

Wyeth sets meeting for shareholders' merger vote

Wyeth has scheduled a meeting for the drugmaker's shareholders to vote whether to approve its pending acquisition by drug giant Pfizer.

Target shareholders reject Ackman's board nominees

Rejecting a hedge fund's bid to enlarge Target Corp.'s board and infuse it with new blood, the company's shareholders re-elected a slate of four incumbents Thursday at their annual meeting, according to preliminary vote totals.

Chevron annual meeting heats up over Ecuador suit

In a combative and sometimes colorful annual meeting, Chevron's CEO and chairman exchanged barbs with activists over pollution in the Amazon rain forest and the company's human rights record, twice scolding speakers who addressed executives.

Exxon shareholders reject all resolutions

Activists grilled Exxon Mobil Corp.'s CEO Wednesday on environmental issues and his compensation package, but shareholders stood behind management that delivered the biggest profit ever for a U.S. company last year.

Fast-food operator reaffirms 10 percent EPS growth

Yum Brands' top executive tells shareholders that the restaurant operator remains confident of reaching a target for earnings growth this year.

Southwest CEO says air traffic fizzling in May

The CEO of Southwest Airlines says an April pickup in travel has fizzled in May, forcing the company to speed up plans to raise more revenue.

Altria cites smokeless items as key for business

Altria Group Inc., the nation's largest tobacco maker, told its shareholders Tuesday that recent acquisitions and a focus on the growing area of smokeless products put it in a strong position for long-term growth.

Macy's CEO says more local focus will help results

Macy's Inc. chief executive told shareholders on Friday that the department store chain's major focus for 2009 will be the continuing rollout of its strategy of tailoring merchandise to local markets.

Ford shareholders approve stock offering

Ford Motor Co. shareholders on Thursday approved the company's request to issue shares of common stock to help pay some of its health care obligations to retired autoworkers.

Conoco CEO: Industry needs to get its message out

The U.S. oil and gas industry, facing greater regulation and heavier taxes at home, must do a better job of explaining its vital role in the global economy's future, the chief of the nation's third-largest oil company said Wednesday.

Sprint Nextel investors vote for special meetings

Sprint Nextel Corp. shareholders on Tuesday approved a measure allowing stockholders to call special meetings.

PepsiCo CEO reiterates interest in bottlers

PepsiCo Inc.'s chief executive told shareholders Wednesday that the time is right to buy the soft drink and snack maker's two biggest bottlers in North America — even after one of them rejected a deal.

EW Scripps CEO says company focus on content

The head of E.W. Scripps Co. said Tuesday that content remains a major focus for the media company as it moves through the tough economic times facing the industry.

Philip Morris looks to new products for growth

At its first shareholder meeting since the spinoff from Altria Group Inc., Philip Morris International Inc. said new products in its key brands like Marlboro will help grow cigarette sales overseas, its core market.

Berkshire's top execs share wit with shareholders

Berkshire Hathaway chairman and CEO Warren Buffett and vice chairman Charlie Munger spent more than five hours Saturday answering questions from shareholders.

Bank Reform Bill Passed by House
Source: CNN

The House passed legislation Friday aimed at preventing the next big financial crisis, ushering in the most sweeping set of changes to the banking regulatory system since the New Deal. More Articles

Merrill bonus case highlights how shareholders get fleeced
Source: USA Today

Last year, for their skill at losing $27 billion and driving a storied 94-year-old securities firm to the brink of ruin, Merrill Lynch executives decided it was time to reward themselves and thousands of other employees with up to $5.8 billion in bonuses.

California Sues Over Credit Ratings of Securities
Source: CNBC Top News and Analysis

Moody's Investors Service, Standard & Poor's and Fitch — "made negligent misrepresentation" to the pension fund, which provides retirement benefits to 1.6 million public employees in California.

Quite Colorful - American Express Black Card Holder
Source: Miami New Times

He claims the title "Baron" and obviously flaunts his extravagance, however Richard von Houtman has quite a colorful background as the article outlines Is this a trend concerning the personality type of an individual who holds a Black Card? Bernie Madoff had one, too.

American Express worker's £67,000 spending spree to get revenge on firm 'for ruining his life'
Source: the Mail online

This seems to be an unfortunate trend for American Express this week making headlines with disgruntled workers for the plastics giant.

Credit Card Default Rate Hits Record High
Source: CNBC Top News and Analysis

This should have an impact on the credit card stocks this week.

If the government really wanted to help the American auto industry...

...they should just let Toyota or Honda take them over! Like GM for instance! Why not?!

Deutsche Bank spied on shareholders
Source: thelocal.de

Deutsche Bank spied on shareholders critical to the bank's management, the spouse of one of the company's directors and workers' representatives, the daily Frankfurter Allgemeine Zeitung reported Saturday.

Courtney Love Battles With American Express
Source: Celebrity Cafe

I think Courtney is going to give American Express hell.

What Small Business Can Do When Lines of Credit Are Trimmed
Source: Bellingham Herald

Last November he received a letter from American Express stating the business' $90,000 line of credit had been cancelled because the entire program had been shut down. Other financial institutions followed suit and essentially hurt the credit worthiness of his business.

Credit Card Reform: Not Good For All
Source: Charlotte Observer

"The thing that bothers me," he added, "is that someone with good credit who hasn't missed a payment, is carrying a balance but has been paying it religiously – traditionally that customer was the bread and butter of the industry.

Pay Dirt: Executive Pay System is Broken
Source: MarketWatch.com

Even the Oracle himself stated the main cause of the current financial crisis was excessive compensation, which encouraged executives at financial institutions to take on too much leverage.

BofA CEO could lose chairmanship at meeting
Source: Yahoo! News

Big difference between BofA and American Express. Shareholders are informed.

American Express shareholders give nod to exec pay
Source: Pension & Investments

Not that my piddly shares held could ever compete with that of the current board or Buffett's ownership... I didn't receive a proxy statement regarding this. The statement also didn't disclose how MUCH that pay was either.

The United States of America, Inc.

What if we were to conduct the affairs of this nation on a For-profit corporation model? Some oil producing nations have been sharing the profits with their citizens for years.

MIT Grad and Former AmEx manager Peter Lindner seeks election to AXP's board
Source: Forbes

A former American Express Co. senior manager, Peter Lindner, is seeking election to the financial services company's board of directors, advocating revisions in its code of conduct.

Social Contract Under Strain
Source: Talking Points Memo

We've been in the midst of the reporting on the AIG bonus story and related high-octane blow-ups over compensation and the behavior of key players in the finance sector.

Angry shareholders say Microsoft squanders billions on pointless R&D; projects
Source: NetworkWorld.com

"During 2007, Apple spent $782 million on R&D;, Oracle spent $85 million while Microsoft spent about $7.5 billion. In 2007, Apple annual revenue amounted to $24 billion and net income totaled $3.5 billion," says Montgomery.

American Express Potential Violations of the Employee Retirement Income Security Act of 1974
Source: PR USA

Calling ALL Shareholders!! If you are a participant in the American Express Retirement Savings Plan and held American Express stock (NYSE:AXP ) in the plan, or have information relating to this investigation, you should contact the Shareholders Foundation, Inc. immediately!

Not all of finance is in ruins. Bonus culture is doing fine
Source: Guardian Unlimited

Why are they still so confidently entitled to these walloping sums? Few people get a bonus for doing their job: most get sacked if they don't. Incentives might make a difference to a low-paid cleaner, while strivers in competitive worlds fight to stay on top anyway.

The Role of Government: Keeping the Wealthy Rich
Source: Common Dreams

For some reason most of the discussion in Washington and the media of the bank bailouts is overlooking their central feature: taxpayer dollars are being used to sustain the income of incredibly rich bankers. The public should be furious over this upward redistribution of income.

10 reasons why Satyam fiasco will not effect Indian IT Corp!
Source: counterreport.com

Though it went much deeper than the usual window dressing, essentially this doesn't speak anything negative about the Indian software industry's delivery model or capabilities..

Alan Shrugged: Greenspan, Ayn Rand and Their God That Failed
Source: Common Dreams

In a congressional hearing room on Thursday, former Fed Chairman Alan Greenspan, one of the most influential civil servants of the past century, saw his stock plummet—and his entire career lose its moorings.

U.S. Global Investors Recognized for Investor Education - MarketWatch
Source: MarketWatch.com

(Business Wire) The Mutual Fund Educational Alliance (MFEA) presented its annual STAR Awards this week in Chicago. For the second year in a row, U.S. Global Investors captured top honors in two categories -- best shareholder magazine and online innovations.