Links and Reading for December 9th
December 9, 2009 1:00 am
Some of the more interesting and important items for December 9th :
- Wynn Execs Take Money Off the Table – Barrons.com – Marc D. Schorr, Wynn's chief operating officer, sold 298,723 shares for an average price of $66.67 on Dec. 3. After the sale, he held 275,000 unvested restricted shares and 50,000 exercisable options. Schorr's stake remains less than 1% of the company's outstanding shares.
Included in the sale were all of the remaining shares — 173,723 — left in a living trust set up for him and his wife.
Also on Dec. 3, Linda Chen, president of Wynn International Marketing, sold 10,000 shares for $675,000. And on Nov. 20, Kimmarie Sinatra, Wynn Resorts' senior vice president and general counsel, sold 35,000 shares for $2.2 million.
- Consol Energy (CNX) – Buy Signals and China Connection – A DHUnplugged Pick
- China Said to Cut New Loans Cap to $1.2 Trillion on Asset Bubble Concerns – Now they are concerned?
- Senate Democrats Said to Reach Agreement to Drop Health `Public Option’ – Pelosi is not going to be happy with this
- Obama proposes tax incentive to hire workers – Nothing new here….Keep walking…..President Barack Obama on Tuesday proposed a tax incentive for small businesses that add workers, even as Congress struggles to figure out how such an idea would work.
Lawmakers have been working for several months to develop a tax credit for businesses that hire workers, but they have been unable to figure out how to do it in a way that won't be abused.
Neither Obama nor his top advisers offered details Tuesday. They didn't say how big the tax break would be nor how it would be administered. Obama pledged to work on the issue with Congress.
- Japan Economy Grows 1.3%, Less Than First Estimated (Update2) – Bloomberg.com – Gross domestic product rose at an annual 1.3 percent pace, slower than the 4.8 percent reported in preliminary figures last month, the Cabinet Office said today in Tokyo. The revision was deeper than the predictions of all but one of the 17 economists surveyed by Bloomberg News.