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UPDATE: Home Depot Tries Carrot Tactic To Improve Service
24 Jun 2006 source: morningstar.com

CHICAGO (Dow Jones) -- Money talks, and Home Depot Inc. is hoping that it will speak volumes to employees about improving customer service. The nation's largest home-improvement retailer -- whose tag line is "You can do it. We can help" -- has set aside $30 million to pay monthly and quarterly rewards to employees and stores that score high marks on customer-service surveys. It's an innovati ...


Qualcomm says Nokia pullout will not hurt CDMA
23 Jun 2006 source: today.reuters.co.uk

By Sinead Carew NEW YORK (Reuters) - Qualcomm Inc. (QCOM.O: Quote, Profile, Research) said on Friday that Nokia's (NOK1V.HE: Quote, Profile, Research) decision to stop making cellphones based on Qualcomm's CDMA technology would not affect its 2006 financial outlook or the growth of the wireless technology. Nokia said on Thursday it had scrapped plans for a venture with Japan's Sanyo Electric Co Ltd. (6764.T: Quote, Profile, Research) to produce phones based on CDMA, citing concern ...


BOND REPORT: Treasurys End Lower; 2-yr Yield Remains Above 5.25% ...
23 Jun 2006 source: morningstar.com

Treasurys prices closed lower Friday, with the 2-year note's yield perching above the key 5.25% level, after investors weighed market rumors that the Federal Reserve could go so far as to put in place a half-point rate increase next week. Surrendering early gains, the benchmark 10-year Treasury note closed down 4/32 at 99 7/32 with a yield (TNX) of 5.228%, a fresh four-year closing high. Bond p ...


SILICON STOCKS: Tech Stocks Close Week With Slim Losses
23 Jun 2006 source: morningstar.com

Technology stocks ended up putting in a mixed day Friday, as the sector started with losses, proceeded to gain steam in midsession and then struggled through the rest of the day before finally closing slightly in the red. Highlighting the session was Oracle Corp. (ORCL) , rose 57 cents a share, or almost 4%, to close at $14.90 one day after put the business-software company said that earnings f ...


UPDATE: Intel Starts Triple-chip Assault On AMD
23 Jun 2006 source: morningstar.com

SAN FRANCISCO (Dow Jones) - After much fanfare, the counter-attack is about to begin. For months, Intel Corp. (INTC) has been talking about new products it hopes will help regain market share lost during the last 18 months to smaller rival Advanced Micro Devices Inc. On Monday, the world's largest chipmaker will start shipping a server chip - based on a new technology architecture -- that will  ...


BOND REPORT: Treasurys Lower; 2-yr Yield Ventures Above 5.25% ...
23 Jun 2006 source: morningstar.com

Treasurys prices turned lower Friday, driving the 2-year yield above the 5.25% level at midday, as investors weighed market rumors that the Federal Reserve could go so far as to put in place a steeper rate increase next week. Surrendering early gains, the benchmark 10-year Treasury note last was down 3/ 32 at 99 8/32 with a yield (TNX) of 5.223%, its highest level since May 2002. Bond prices an ...


2ND UPDATE: Pequot, SEC Probed In Insider Trade Matter
23 Jun 2006 source: morningstar.com

NEW YORK (Dow Jones) -- At least one Senate committee is investigating the Securities and Exchange Commission's firing of an investigator and its relationship to a probe he was conducting into possible insider trading at Pequot Capital, a $7 billion hedge fund run by Arthur Samburg. "It's an ongoing investigation," Senate Banking Committee spokesman Andrew Gray told MarketWatch Friday. The N ...


UPDATE: Pequot Probe May Serve As Warning To Hedge Fund Industry ...
23 Jun 2006 source: morningstar.com

NEW YORK (Dow Jones) -- A Securities and Exchange Commission inquiry into Pequot Capital Management is just the latest evidence of tightening in the regulatory environment for the battered hedge fund industry. Pequot and founder Arthur Samberg are under investigation over insider-trading allegations. At least 18 separate trades by the firm have been referred to the commission by exchange offici ...


UPDATE: Celera Shares Rise For Second Straight Day On Forecast ...
23 Jun 2006 source: morningstar.com

SAN FRANCISCO (Dow Jones) - Celera Genomics shares rose for a second day after forecasting a move to profitability by the end of fiscal 2008 and a strong operating performance by 2011. Shares of the company, (CRA) which uses proprietary genomics and proteomics discovery platforms to develop molecular diagnostic products and to identify and validate novel drug targets, surged more than 5% to $11 ...


Oil shares lift FTSE
23 Jun 2006 source: today.reuters.co.uk

By Matt Falloon LONDON (Reuters) - The FTSE 100 edged to its highest finish in two weeks on Friday with heavyweight oil companies such as BP (BP.L: Quote, Profile, Research) pulling the index higher despite sustained worries about global economic growth and interest rates. The index closed 8 points higher at 5,692.1 points -- its strongest closing level since June 7. It finished 1.7 percent higher on the week -- ending a run of three weekly losses as investor sentiment improved following a he ...


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