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E*TRADE Financial (ETFC)

E*TRADE Appoints Steven Freiberg CEO

E*TRADE FINANCIAL Corporation announced its board has appointed Steven Freiberg CEO, effective April 1, 2010. Mr. Freiberg, an experienced financial services executive, has held multiple senior level positions over a distinguished 30-year career at Citigroup. Mr. Freiberg, who also will join the Company's Board of Directors, succeeds interim CEO Robert Druskin. Mr. Druskin will remain on the Board, continuing in his role as Chairman.

Mar 23 · 10:58:00 AM · Source: Company Press Release
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by Larry Etter


February CPI Unchanged

Tthe Consumer Price Index was unchanged in February, the U.S. Bureau of Labor Statistics reported today. Over the last 12 months, the index increased 2.1 percent before seasonal adjustment.
Monthly consumer price inflation hasn't been this low since March of last year

Mar 18 · 11:36:00 AM · Source: Company Press Release
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by Larry Etter


US Jobless Claims Fall By 5K

Less Americans filed first-time claims for jobless benefits last week for the third consecutive time, the Labor Department reported today. The advance figure for seasonally adjusted initial claims was 457,000, a decrease of 5,000 from the previous week's unrevised figure of 462,000. The 4-week moving average was 471,250, a decrease of 4,250 from the previous week's unrevised average of 475,500.
This is a sign the labor market is gradually improving along with the economy.

Mar 18 · 11:33:00 AM · Source: Company Press Release
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by Larry Etter

Citigroup (C)

Citi's Primerica unit files for IPO

Citigroups' life insurance unit, Primerica, filed for an initial public offering of up to $252 million as part of Citigroup's plan to shed assets outside its main banking business. Citi expects to sell 18 million Primerica shares to the public and 17.2 million shares to private equity firm Warburg Pincus, plus warrants. Post-IPO, Citi's stake will be 32%-46%, while Warburg Pincus' stake will be 23%-33%.

Mar 18 · 11:14:00 AM
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by Larry Etter

MetLife (MET)

MetLife to Pay $1.5 Billion in Policy Dividends

MetLife, Inc. announced today that its life insurance subsidiary, Metropolitan Life Insurance Company, approved an aggregate payment amount of approximately $1.5 billion in policy dividend payments to eligible life insurance policyholders for 2010.
The company says the dividend payout not only reflects MetLife`s financial strength and stability, but also its commitment to its policyholders today and for the future

Mar 17 · 11:11:00 AM · Source: Company Press Release
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by Larry Etter

Producer Price Index

Producer Prices Post Largest Fall In 7 months

Producer prices fell more steeply than expected in February as energy costs fell, giving the Federal Reserve leeway to hold interest rates exceptionally low for an extended period as it has promised. The Labor Department on Wednesday said the index for prices paid at the farm and factory gate fell 0.6 percent, the largest decline since July, after increasing 1.4 percent in January. Even excluding volatile energy and food costs, core producer prices rose just 0.1 percent last month.
Price producer price pressure is pretty moderate.

Mar 17 · 11:01:00 AM
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by Larry Etter


IBM Launches New Line of Servers

IBM today unveiled new System x servers that offer increased memory and can help improve efficiency to allow customers to better exploit virtualization and support more sophisticated workloads.
These new products mean IBM has completely revamped its line up of two-socket x86 servers

Mar 17 · 10:47:00 AM · Source: Company Press Release
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by Larry Etter

Whole Foods Market (WFMI)

Activists Say Whole Foods Bad for Planet

Reuters is reporting that at the Whole Foods Market shareholder meeting in Vancouver, BC, the Sustainable Supply Chain Coalition, an alliance of environmental groups, food activist organizations and labor unions, rallied today in support of four shareholder resolutions and called for a change in Whole Foods Market, Inc. and its supplier United Natural Foods Inc. unsustainable business practices. "I am concerned about Whole Foods' expansion into Canada," said Don McGill, Teamster Vice President, Canada. "Whole Foods workers do a great job but how can the Canadian workforce expect Whole Foods management to operate with respect for workers' rights when we have seen their violations in the United States?"
This could snowball, even if only from a PR standpoint. Having the teamsters against you is not a good thing.

Mar 9 · 12:04:00 PM · Source: Reuters.com
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by Rich Pike

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