Goodbye KeyCorp (Week 26)

Investing, News 2 Comments »

goodbye_toilet3.jpgWe are half way through the first year of the Thoroughbred Folio. Our index is built on the Dividend Aristocrats. A select group of S&P 500 companies that have increased dividends for at least 25 consecutive years. The list will get a little shorter next time the Dividend Aristocrat list is updated, as KeyCorp decided to cut their dividend in half last week. The stock is trading at a 17 year low. It should not come as a surprise following weak earnings in the banking sector since last year.

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More on this topic (What's this?) Read more on KeyCorp at Wikinvest

Google Finance vs Yahoo! Finance Gets Real-Time

News 2 Comments »

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Do you have a spare $100,000 a month? No? Well, Google Finance, CNBC, and the Wall Street Journal apparently do. That is the cost to offer real-time NASDAQ quotes to their readers and viewers. NYSE and AMEX quotes would cost an additional $50,000 per month, but they haven’t done that yet. You are probably asking yourself what caused these companies to do this?

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More on this topic (What's this?)
Google Sets Up For Fall Below $300
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Read more on Google, Yahoo! at Wikinvest

Wachovia Whacks CEO (Week 24)

Investing, News 1 Comment »

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Just when you thought it was safe to look at financials again. Today Wachovia handed their CEO, Kennedy Thompson, his walking papers. Speculation is that this signals another quarterly loss for the troubled bank. Thompson was instrumental in growing Wachovia through acquisitions since his tenure started in 2000. Look out below financial sector! Which CEO will be next?

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More on this topic (What's this?)
Best CD Rates at Wachovia Bank
Wachovia Sale Talks On
Read more on Wachovia at Wikinvest
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