http://www.advfn.com/nasdaq/rss.asp NASDAQ Stock Market Company Newsfeed en Wed, 14 May 2008 15:47:06 EDT Wed, 14 May 2008 15:47:06 EDT http://www.advfn.com/nasdaq/StockNews.asp?stocknews=PAYX&article=26318327&headline=correction-paychex-executive-compensation-story http://www.advfn.com/nasdaq/StockNews.asp?stocknews=PAYX&article=26318327&headline=correction-paychex-executive-compensation-story NEW YORK (AP) - In an Aug. 31, 2007 story about compensation received by Paychex Inc.'s chief executive, Jonathan J. Judge, The Associated Press reported erroneously that he received two incentive bonuses and total compensation of $5.9 million for fiscal 2007. Judge received one bonus of $1 million and... Wed, 14 May 2008 15:47:06 EDT http://www.advfn.com/nasdaq/StockNews.asp?stocknews=MSFT&article=26318295&headline=microsoft-chief-accounting-officer-sells-shares http://www.advfn.com/nasdaq/StockNews.asp?stocknews=MSFT&article=26318295&headline=microsoft-chief-accounting-officer-sells-shares NEW YORK (AP) - The chief accounting officer for Microsoft Corp., which is the world's largest software company, sold 10,000 shares of common stock, according to a Securities and Exchange Commission filing Tuesday. In a Form 4 filed with the SEC, Frank H. Brod reported selling the shares on Monday for... Wed, 14 May 2008 15:45:12 EDT http://www.advfn.com/nasdaq/StockNews.asp?stocknews=SNDK&article=26318246&headline=sandisk-president-exercises-options http://www.advfn.com/nasdaq/StockNews.asp?stocknews=SNDK&article=26318246&headline=sandisk-president-exercises-options NEW YORK (AP) - The president and chief operating officer at memory chip maker SanDisk Corp. exercised options for 5,000 shares of common stock under a prearranged trading plan, according to a Securities and Exchange Commission filing Tuesday. In Form 4s filed with the SEC, Sanjay Mehrotra reported he... Wed, 14 May 2008 15:42:56 EDT http://www.advfn.com/nasdaq/StockNews.asp?stocknews=NFLX&article=26318207&headline=tenn-students-beat-wall-street-in-tva-challenge http://www.advfn.com/nasdaq/StockNews.asp?stocknews=NFLX&article=26318207&headline=tenn-students-beat-wall-street-in-tva-challenge KNOXVILLE, Tenn. (AP) - Student investors outperformed Wall Street for the Tennessee Valley Authority in 2007, beating the Standard & Poor's 500 index for the seventh time in nine years and earning more than $900,000 for the nation's largest public utility. Tennessee Tech University in Cookeville... Wed, 14 May 2008 15:40:01 EDT http://www.advfn.com/nasdaq/StockNews.asp?stocknews=BRCM&article=26318155&headline=broadcom-co-founders-charged-in-stock-options-probe http://www.advfn.com/nasdaq/StockNews.asp?stocknews=BRCM&article=26318155&headline=broadcom-co-founders-charged-in-stock-options-probe LOS ANGELES (AP) - Federal officials on Wednesday charged Broadcom Corp. co-founders Henry T. Nicholas III and Henry Samueli with falsifying the company's reported income by illegally backdating stock options for five years. A criminal complaint filed by the Securities and Exchange Commission also charges... Wed, 14 May 2008 15:37:00 EDT http://www.advfn.com/nasdaq/StockNews.asp?stocknews=ERTS&article=26318006&headline=ea-shares-down-as-full-year-forecast-disappoints http://www.advfn.com/nasdaq/StockNews.asp?stocknews=ERTS&article=26318006&headline=ea-shares-down-as-full-year-forecast-disappoints NEW YORK (AP) - Shares of Electronic Arts Inc. declined nearly 4 percent Wednesday after the video game publisher's full-year forecast disappointed investors. Redwood City, Calif.-based EA's adjusted earnings and sales for the fiscal fourth quarter, which ended in March, beat Wall Street's expectations... Wed, 14 May 2008 15:29:54 EDT http://www.advfn.com/nasdaq/StockNews.asp?stocknews=EMMS&article=26318001&headline=clear-channel-terms-reflect-tight-credit-ad-slump http://www.advfn.com/nasdaq/StockNews.asp?stocknews=EMMS&article=26318001&headline=clear-channel-terms-reflect-tight-credit-ad-slump NEW YORK (AP) - A lot has changed in the year and a half since radio industry leader Clear Channel Communications Inc. struck a deal to go private. Credit markets seized up, radio advertising continued to falter and another radio buyout deal failed. All that helps explain why Clear Channel didn't mind... Wed, 14 May 2008 15:29:51 EDT http://www.advfn.com/nasdaq/StockNews.asp?stocknews=GERN&article=26317635&headline=fda-places-gerons-spinal-cord-injury-treatment-submission-on-clinical http://www.advfn.com/nasdaq/StockNews.asp?stocknews=GERN&article=26317635&headline=fda-places-gerons-spinal-cord-injury-treatment-submission-on-clinical NEW YORK (Thomson Financial) - Shares of Geron Corp. were halted Wednesday after the company said it received verbal notice from the Food and Drug Administration that its investigational new drug submission for GRNOPC1 was placed on clinical hold. GRNOPC1 is a cell therapy for spinal cord injury. Geron... Wed, 14 May 2008 15:07:59 EDT http://www.advfn.com/nasdaq/StockNews.asp?stocknews=MSFT&article=26317357&headline=yahoo-shares-gain-on-reports-icahn-may-launch-proxy-war http://www.advfn.com/nasdaq/StockNews.asp?stocknews=MSFT&article=26317357&headline=yahoo-shares-gain-on-reports-icahn-may-launch-proxy-war SAN FRANCISCO (Thomson Financial) - Shares of Yahoo Inc. rose higher Wednesday on reports that billionaire investor Carl Icahn has stockpiled 3.6% of the Internet company's shares in the last week and may be considering a proxy fight. The chances are "high" that Icahn will launch a proxy contest... Wed, 14 May 2008 14:48:00 EDT http://www.advfn.com/nasdaq/StockNews.asp?stocknews=RUBO&article=26317353&headline=shares-of-rubios-restaurants-fall-swings-to-1q-loss http://www.advfn.com/nasdaq/StockNews.asp?stocknews=RUBO&article=26317353&headline=shares-of-rubios-restaurants-fall-swings-to-1q-loss BOSTON (Thomson Financial) - Shares of Rubio's Restaurants Inc. tumbled Wednesday after the Carlsbad, Calif.-based restaurant chain operator said it swung to a loss in its fiscal first quarter. The stock fell 7.7% at $5.48 on volume of 37,465 shares. The issue's 30-day average volume is about 13,100... Wed, 14 May 2008 14:47:54 EDT http://www.advfn.com/nasdaq/StockNews.asp?stocknews=SHLD&article=26316851&headline=verso-paper-cuts-number-price-of-shares-in-ipo http://www.advfn.com/nasdaq/StockNews.asp?stocknews=SHLD&article=26316851&headline=verso-paper-cuts-number-price-of-shares-in-ipo NEW YORK (AP) - Coated paper company Verso Paper Corp. on Wednesday pruned the number and expected price of shares to be offered in its pending initial public offering. The Memphis, Tenn.-based company now plans to offer 14 million shares at $12 per share. Previously, the IPO was expected to total nearly... Wed, 14 May 2008 14:14:23 EDT http://www.advfn.com/nasdaq/StockNews.asp?stocknews=AAPL&article=26316262&headline=switzerlands-top-telecom-to-carry-iphone http://www.advfn.com/nasdaq/StockNews.asp?stocknews=AAPL&article=26316262&headline=switzerlands-top-telecom-to-carry-iphone SAN JOSE, Calif. (AP) - Switzerland's leading telecommunications company has signed with Apple Inc. to carry the iPhone later this year, making the multimedia gadget available in one more country as Apple prepares a new version with a speedier Internet connection. Swisscom AG, which has 5.1 million mobile... Wed, 14 May 2008 13:38:42 EDT http://www.advfn.com/nasdaq/StockNews.asp?stocknews=SUTR&article=26315968&headline=sutor-technology-liuhua-guo-resigns-as-ceo-chair-named-successor http://www.advfn.com/nasdaq/StockNews.asp?stocknews=SUTR&article=26315968&headline=sutor-technology-liuhua-guo-resigns-as-ceo-chair-named-successor SAN FRANCISCO (Thomson Financial) - Sutor Technology Group Limited said Wednesday that Liuhua Guo has resigned as chief executive, effective May 12. Guo will remain with the company in a new position, focusing on technical issues and working on new business development opportunities, Sutor said. The... Wed, 14 May 2008 13:20:17 EDT http://www.advfn.com/nasdaq/StockNews.asp?stocknews=CSCO&article=26315881&headline=cisco-systems-exec-vp-bostrom-exercises-options http://www.advfn.com/nasdaq/StockNews.asp?stocknews=CSCO&article=26315881&headline=cisco-systems-exec-vp-bostrom-exercises-options WASHINGTON (AP) - The executive vice president and chief marketing officer of network equipment maker Cisco Systems Inc. exercised options for 333,334 shares of common stock, according to a Securities and Exchange Commission filing. In a Form 4 filed Tuesday with the SEC, Susan Bostrom reported she exercised... Wed, 14 May 2008 13:15:09 EDT http://www.advfn.com/nasdaq/StockNews.asp?stocknews=SCHW&article=26315873&headline=schwab-daily-trades-rise-15-percent-in-april http://www.advfn.com/nasdaq/StockNews.asp?stocknews=SCHW&article=26315873&headline=schwab-daily-trades-rise-15-percent-in-april SAN FRANCISCO (AP) - Discount brokerage Charles Schwab Corp. said Wednesday daily average trades in April rose 15 percent. The company said the average trades grew to 295,500 during the month. The company, which competes against TD Ameritrade and E-Trade, said it added $3.8 billion in new assets in April... Wed, 14 May 2008 13:14:14 EDT http://www.advfn.com/nasdaq/StockNews.asp?stocknews=TACT&article=26315765&headline=futurelogic-settle-litigation-with-transact http://www.advfn.com/nasdaq/StockNews.asp?stocknews=TACT&article=26315765&headline=futurelogic-settle-litigation-with-transact SAN FRANCISCO (Thomson Financial) - FutureLogic Inc. said Wednesday it has signed a binding term sheet with TransAct Technologies that settles the current patent litigation between the two companies. Under the terms of the settlement, FutureLogic said it has agreed to license TransAct's dual port technology... Wed, 14 May 2008 13:07:07 EDT http://www.advfn.com/nasdaq/StockNews.asp?stocknews=AAPL&article=26315167&headline=verizon-wireless-to-introduce-linux-phones http://www.advfn.com/nasdaq/StockNews.asp?stocknews=AAPL&article=26315167&headline=verizon-wireless-to-introduce-linux-phones NEW YORK (AP) - Verizon Wireless is backing a free operating system that competes with programs from Microsoft Corp., Google Inc. and Qualcomm Inc. and expects it to become the "preferred" software on its network. It's the first U.S. carrier to join the LiMo Foundation, which aims to unite... Wed, 14 May 2008 12:41:34 EDT http://www.advfn.com/nasdaq/StockNews.asp?stocknews=WFMI&article=26314801&headline=midday-leaders-laggards-s-p-500 http://www.advfn.com/nasdaq/StockNews.asp?stocknews=WFMI&article=26314801&headline=midday-leaders-laggards-s-p-500 NEW YORK (AP) - Freddie Mac was the biggest gainer on the Standard & Poor's 500 index at midday Wednesday after the mortgage finance company posted a wider first-quarter loss, but still beat Wall Street estimates. The S&P 500 gained 12.17 points to 1,415.21. Freddie Mac, the nation's second-largest... Wed, 14 May 2008 12:24:08 EDT http://www.advfn.com/nasdaq/StockNews.asp?stocknews=JBLU&article=26314045&headline=jetblue-cut-to-b-on-higher-fuel-costs-softening-revenue-outlook-fitch http://www.advfn.com/nasdaq/StockNews.asp?stocknews=JBLU&article=26314045&headline=jetblue-cut-to-b-on-higher-fuel-costs-softening-revenue-outlook-fitch MUMBAI (Thomson Financial) - Fitch Ratings downgraded JetBlue Airways Corp., citing the dramatic run-up in jet fuel costs and growing evidence of a softening revenue outlook that will likely drive larger losses and weakened free cash flow during the remainder of 2008. The agency cut the issuer default... Wed, 14 May 2008 11:54:09 EDT http://www.advfn.com/nasdaq/StockNews.asp?stocknews=LCAV&article=26313708&headline=lca-vision-hits-low-after-slashing-dividend-stock-is-halted http://www.advfn.com/nasdaq/StockNews.asp?stocknews=LCAV&article=26313708&headline=lca-vision-hits-low-after-slashing-dividend-stock-is-halted NEW YORK (Thomson Financial) - LCA Vision Inc. Wednesday said its board approved a dividend cut to 6 cents from 18 cents. The company halted its stock, which last traded at $9.52, down 20 cents from its Tuesday close of $9.72. The shares hit an intraday low of $9.50, their lowest price since November... Wed, 14 May 2008 11:41:53 EDT