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stocks

Google delays stock option exchange program

Googlers who want to revalue their underwater stock options will have to wait until Tuesday for the voluntary employee option exchange program to launch, Google said in a filing with the U.S. Securities and Exchange Commission on Thursday that did not explain why.

The program--which allows allow employees to exchange all or some of their existing stock options for the same number of new options--was scheduled to launch Thursday and end on March 3. Employees were notified of the change in an e-mail sent Wednesday by Laszlo Bock, vice president of People Operations at Google, and which was included … Read more

RIM co-CEOs could face $100 million penalty

Research In Motion's co-CEOs could be facing a hefty fine for their involvement in yet another stock options-backdating scandal.

The Globe and Mail reports that the Ontario Securities Commission--the Province of Ontario's SEC--is considering imposing fines of up to C$100 million ($79 million) on RIM's Jim Balsillie and Mike Lazardis as punishment for allowing stock options backdating to occur on their watch. Balsille would have to pay the majority of the fine, according to the report, which, if it reachs $100 million, would be a record for Canada.

Like many technology companies over the last decade, … Read more

Select Flickr users begin to get Getty invites

The partnership between Flickr and Getty Images is finally moving forward. Early Wednesday the Yahoo-owned photo-sharing service announced that invitations from Getty have been going out in high numbers. Some members who have had one or more of their images chosen to be on Getty's sale site could have gotten notice as early as last week.

Originally announced in July, the special Flickr-branded Getty collection will be launching in early March. It's the first official move by Flickr where users can sell their images, although all the purchasing and organization will be done on Getty's end. In … Read more

Apple shares slump on Jobs health news

Update at 2:29 p.m. PST, with closing stock price.

Shares of Apple took a hit Thursday at the market open, falling 5.7 percent as investors demonstrated their anxiety about the company following the news that CEO Steve Jobs is taking a medical leave.

Apple opened at $80.50 a share in morning trading, down from its close of $85.33 a share Wednesday. But by the end of the regular trading session, Apple narrowed the gap, with its shares closing down 2.29 percent to $83.38 a share.

While a number of Wall Street analysts predicted … Read more

Five useful places to find financial data online

I spend a considerable amount of time perusing financial sites for data that impacts a respective company's financial statements. Because of that, I've developed a liking for certain sites, and a severe distaste for others that have no business providing information to anyone.

But it's the great that I'm highlighting today. And in the following list of services, you'll find some obvious choices and hopefully some new services you may have never seen.

Emerginvest

One of the main issues facing sites like Bloomberg or MarketWatch is that most of their focus is placed squarely on … Read more

KaChing: A well-balanced site for stock enthusiasts

I have never been a big fan of fake stock markets. I don't play fantasy sports, either. I feel that if you're going to invest, nothing replaces skin in the game. A "market" with play money can't, I have always thought, provide real-world value.

But that's a superstitious conceit. Some stock games might be able to make you real money. Take KaChing, a new stock market community site officially launching Tuesday. Marc Andreessen just announced that's he's an investor in this company.

In KaChing, as in other stock game sites, users can … Read more

Pocket Wall Street

The world of finance is sober, serious business--more so if your stocks or industry is struggling through a waning economy. Financial headlines, a ticker finder, and a fleshed-out index of world markets add up to make Bloomberg's native application for the iPhone and iPod Touch the window into Wall Street. A dark application, Bloomberg contains a read-only newsfeed and statistics on various exchanges in global markets. Highs, lows, and a graph of yearlong performance are displayed for each exchange--further charts and tables are available for industry and stock movers.

To discover individual stock performance, users simply enter the company … Read more

AMD to own less of chipmaking spinoff

Advanced Micro Devices will reduce its stake in the manufacturing operations it spun off in October, as it adjusts to repercussions of the financial crisis.

This follows a fourth-quarter warning earlier this month when the chipmaker revised its revenue estimate downward.

And like the shares of many companies, AMD's stock price has been in a free fall. Dropping from over $7 back in June to $2.10 on Monday.

Monday's action revolves around Abu Dhabi-based Mubadala Development and the Advanced Technology Investment Company (ATIC)--which Mubadala backs.

ATIC has equal voting rights with AMD in the newly formed … Read more

Five financial Android apps to regulate your dough

With the economy in continuing decline, keeping tight control over your money is no longer just for obsessives. These financial apps for Google Android help you count every penny.

Personal Budget Droid is a simple budget- and bills-tracker that lets you create multiple monthly budgets for groceries, housing costs, and so on. You enter every budget name and transaction by hand, but the app keeps a transaction history and calculates how much you have left for each category.

The more sophisticated FireWallet works with budgets inside various accounts and protects your information behind a four-digit pin you change from the … Read more

Markets tumble on recession news

Shares of Dell and Qualcomm plunged by double digits Monday, as the Dow Jones Industrial Average went into a free-fall of nearly 700 points on news that the economy is officially in a recession.

The Dow closed down 679.95 points, or 7.7 percent, to end the day at 8,149.09, breaking a five-day run at posting gains.

Meanwhile, the tech-heavy Nasdaq fell further, declining 8.95 percent, or 137.50 points, to end at 1,398.07. And the CNET Tech Index dropped 7 percent to 1,014.20.

Despite reports that retailers fared better than expected … Read more