BloggingStocks http://www.bloggingstocks.com BloggingStocks http://www.blogsmithmedia.com/http://www.bloggingstocks.com/media/feedlogo.gif BloggingStocks http://www.bloggingstocks.com en-us Copyright 2012 Weblogs, Inc. The contents of this feed are available for non-commercial use only. Blogsmith http://www.blogsmith.com/<![CDATA[Closing Bell: From Confusion to Glee (WAG, BKS, BP, MON)]]>http://www.bloggingstocks.com/2010/09/28/closing-bell-from-confusion-to-glee-wag-bks-bp-mon/http://www.bloggingstocks.com/2010/09/28/closing-bell-from-confusion-to-glee-wag-bks-bp-mon/http://www.bloggingstocks.com/2010/09/28/closing-bell-from-confusion-to-glee-wag-bks-bp-mon/#commentsFiled under: ,

Stocks were up by the end of the session, but today's direction felt more whip-saw than set in any solid direction. A record-high gold price and a falling dollar came after consumer confidence managed to come in much weaker than expectations.

Here were the unofficial closing bell levels:

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Continue reading Closing Bell: From Confusion to Glee (WAG, BKS, BP, MON)

Closing Bell: From Confusion to Glee (WAG, BKS, BP, MON) originally appeared on BloggingStocks on Tue, 28 Sep 2010 16:10:00 EST. Please see our terms for use of feeds.

Permalink | Email this | Comments]]>BPburklegenetic engineeringgulf oil spillMONmonsantoWAGTue, 28 Sep 2010 16:10:00 EST<![CDATA[Yahoo! releases correct board vote count; questions remain]]>http://www.bloggingstocks.com/2008/08/05/yahoo-releases-new-count-questions-remain/http://www.bloggingstocks.com/2008/08/05/yahoo-releases-new-count-questions-remain/http://www.bloggingstocks.com/2008/08/05/yahoo-releases-new-count-questions-remain/#commentsFiled under: , ,

Following the demand of one of Yahoo (NASDAQ: YHOO)'s largest shareholders, Capital Research Global Investors, to review the vote in last week's re-election of the Internet giant's board, Yahoo! has now released the corrected numbers this afternoon. To recount, Capital Research Global Investors couldn't understand how Jerry Yang received 85.4% supporting votes when the fund's 16% holding was withheld.

Yahoo! acknowledged the error, blaming it on a tabulation error by Broadbridge. The new count shows much more disdain for several members of the board. Specifically, CEO Yang went from 85.4% support to 66.3% in the new count, Roy J. Bostock and Ronald W. Burkle went from 79.5% and 81.2% respectively to 60.4% and 62.1% respectively.

While this doesn't change anything except to show the board doesn't have the same approval from shareholders, it seems there are still some open questions. Barron's Eric Savitz brings concerns from Mithras Capital, an investment firm that owns 1.7 million Yahoo shares, regarding 200 million fewer votes in this year's vote compared to votes in the past two years.

The possible explanation is that the ballots that voted the Icahn slate before his agreement with Yahoo's board were voided and therefore not all shareholders were represented. Mithras Capital then wonders whether some members of the board wouldn't have been re-elected had these votes been counted.

Regardless, after several delays of the meeting as well as a "tabulation error," more questions are left unanswered and this whole vote leaves a really bad taste and lowers -- even further -- shareholders' confidence in Yahoo's board and management.

Yahoo! releases correct board vote count; questions remain originally appeared on BloggingStocks on Tue, 05 Aug 2008 21:20:00 EST. Please see our terms for use of feeds.

Read | Permalink | Email this | Comments]]>bostockburkleinthenewsmithras capitalMithrasCapitalyahooyangyhooTue, 05 Aug 2008 21:20:00 EST