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The press was given information today about ousted GM CEO Rick Wagoner’s compensation package.
He will get over $23 million in installments for the remainder of his life. According to GM’s annual report he also is entitled to $366,602 in unvested stock awards and $534,627 in …

After months and months of spectacular earnings and record profits, Chevron expects to see a significant drop in earnings for the fourth quarter.
From Reuters:
Because market conditions had changed significantly, Chevron delayed the unveiling of 2009 capital spending plans until later this month from December. It …

Today Wal-Mart cut its 4th quarter earnings forecast because same-store sales had missed projections. The new forecast means that even discount retailers are having a hard time with the troubled economy.
Today’s reports were, not surprisingly, dismal, and accompanied by at least a dozen profit warnings, …

All of the car companies are posting losses. All of them except Subaru. The increase in demand for the Forester and Impreza helped fuel the increase in sales for 2008.
From the AP:
Subaru’s December sales fell 7.7 percent to 17,287 units from 18,739 in December 2007, …

Thirteen months into a five year exclusivity deal, France’s Orange mobile carrier’s deal with Apple was deemed illegal by the French competition agency. It said that the exclusive rights to the iPhone “by nature introduces a new factor of rigidity in a sector that already …