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To: NOW who wrote (45984)2/7/2006 4:22:50 AM
From: damainman  Respond to of 116555
 
I bet they can get some great stock tips with those wiretaps...



To: NOW who wrote (45984)2/7/2006 10:15:24 AM
From: mishedlo  Read Replies (1) | Respond to of 116555
 
Toll Brothers Inc., the largest U.S. builder of luxury homes, dropped after the company reduced its fiscal 2006 sales forecast and led other homebuilders, including D.R. Horton Inc., lower.

``Any kind of surprise is met immediately with selling,' said Gerald Bollman, who helps oversee $1 billion at Great Companies LLC in Clearwater, Florida. ``Investors are punishing earnings shortfalls mercilessly. We aren't going to see the same profits as last year.'

quote.bloomberg.com



To: NOW who wrote (45984)2/7/2006 10:19:00 AM
From: mishedlo  Respond to of 116555
 
chron.com

Nissan told manufacturing workers that at age 65 retirees and spouses will receive annual stipends so they can buy their own insurance to help supplement Medicare, instead of receiving supplemental health coverage from the company. When the plan takes effect in 2007, a retired couple could receive $5,000, plus 3 percent annual increases, a Nissan spokeswoman said.

Nissan also said new workers will not receive a guaranteed monthly pension payment upon retirement. Instead, the company will contribute only to a 401(k) investment plan.

Spokesmen at Toyota and Honda said Monday they have no plans to alter their benefit programs. Both provide pension and 401(k) plans and retiree health coverage to workers.



To: NOW who wrote (45984)2/7/2006 10:20:05 AM
From: mishedlo  Respond to of 116555
 
washingtonpost.com

As part of the changes, Wagoner will take a 50 percent pay cut. Vice Chairmen John Devine, Bob Lutz and Fritz Henderson will see their salaries reduced by 30 percent, and Executive Vice President and General Counsel Thomas Gottschalk will take a 10 percent cut.

In addition, there will be no annual or long-term cash bonuses paid to GM's global executives for 2005 performance.

GM said it would cap its health-care contributions for salaried retirees at 2006 levels. The change, which affects retirees hired before 1993, surviving spouses and eligible dependents, will reduce GM's annual health-care expense by almost $900 million before taxes, the company said.

The automaker said it was evaluating ways to restructure its pension plan for salaried workers. GM said it would freeze accruals under the current plan and implement a new plan for future accruals, possibly a defined-contribution or cash-balance plan.



To: NOW who wrote (45984)2/7/2006 11:23:27 AM
From: CalculatedRisk  Read Replies (8) | Respond to of 116555
 
HEADQUARTERS UNITED STATES CENTRAL COMMAND
centcom.mil

MY COMMENT: WHY isn't this the lead story every day on the news?

HIT, Iraq – An improvised explosive device attack in Hit killed three U.S. Marines yesterday.

The Marines are assigned to the 22nd Marine Expeditionary Unit (Special Operations Capable), which has operated in Al Anbar province since mid-December along with a battalion of Iraqi Army soldiers from the 2nd Brigade, 7th Iraqi Army Division.