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The chairman of Wells Fargo agreed last year to help the company through the financial crisis, now Dick Kovacevich will be stepping down from the job as he sees that the financial crisis is over, I suppose. After 23 years of being with the company, …

Apple Inc. announced that it earned $1.2 billion in its second fiscal quarter ending March 28, 2009. The earnings are up from the profit of $1 billion in 2008.
It also announced it had sales of $8.2 billion (up from $7.5 billion in 2008).
Apple said …

Shortly after T. Rowe Price Group’s financials for the 1Q came out (with a profit 68% less than the previous year) it announced that ti would be saying goodbye to almost 300 employees. Unlike other dismal financials coming from similar firms, T. Rowe Price actually …

GM has plans to slash the current marketing budget by $800 million this year. Hopefully, this will mean the end of seeing GM ads one after the other on TV between 5 and 7 at night.
Of course GM has to slash its marketing budget, with …

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 …