Yahoo’s New CEO Pay, Ebay Partners with Home Depot, as United Technologies Awarded Contract
Stocks are off to a winning open Monday. Ahead of the big CES conference, Yahoo and eBay are making news with huge developments. Here’s what you need to know to make smart investment decisions.
United Technologies (NYSE:UTX): United Technologies Corp., Pratt & Whitney Military Engines, East Hartford, Conn., are benefiting from the F-35 Joint Strike Fighter Program. The companies have been award a contract $194,097,29 for long lead time materials, parts and components for 37 propulsion systems.
Yahoo (NASDAQ:YHOO): Yahoo’s new six million dollar man, CEO Scott Thompson will receive $1 million in annual salary, and restricted stock value at $5.5 million, according to the Wall Street Journal. The millions don’t stop there as Thompson will have a “make-whole” bonus of $1.5 million and a regular bonus with a $2 million target. Yahoo (NASDAQ:YHOO) has hired executive search firm Heidrick & Struggles International to find new candidates to assist in replacing outgoing directors.
eBay (NASDAQ:EBAY): eBay’s (NASDAQ:EBAY) PayPal unit is running a in-store payment trial with Home Depot (NYSE:HD), reports Reuters. PayPal spokesman Anuj Nayar said the pilot program involves only 5 stores and a “small number” of PayPal employees.
Allstate (NYSE:ALL): Allstate says the Superior Court of New Jersey dismissed franchise lawsuits filed against Allstate New Jersey Insurance Company. Allstate moved to terminate three exclusive agents who had not reached business objectives set by the company. The exclusive agents sued for protection under New Jersey’s Franchise Practices Act seeking to prevent termination of their agreements due to their franchise relationship with Allstate. The court denied the application saying the agents were not franchisees.
Further Reading: Dow 30 Stocks: 2012 Quarterly Earnings Preview>>
To contact the reporter on this story: Jim Wilkerson at email@example.com
To contact the editor responsible for this story: Damien Hoffman at firstname.lastname@example.org