Links and Reading for February 14th

Some of the more interesting and important items for February 14th :

  • Microsoft CEO promises better Windows Phone – Yahoo! Finance – BARCELONA, Spain (Reuters) – Microsoft Corp Chief Executive Steve Ballmer promised a Windows Phone update soon with more powerful Web graphics, and said new partner Nokia would supply "absolutely phenomenal" handsets.
  • AP Source: GM hourly workers get $4,000 bonuses – Yahoo! Finance – DETROIT (AP) — General Motors Co. will pay more than $189 million in profit-sharing to 48,000 U.S. hourly workers and millions more in performance bonuses to salaried employees, according to company documents obtained by The Associated Press.
  • Egypt Plans Stimulus to Revive `Sudden Stop’ Economy – Bloomberg – Ashraf Abdel-Wanis had plenty of reasons to join tens of thousands of fellow Egyptians in their successful push to oust President Hosni Mubarak. At 39, he last worked five years ago in a sugar factory and now gets by mainly on his wife’s $50 monthly salary and his mother’s pension.
  • Online Video Viewing Jumps, Bolstering Netflix – – Internet-video viewing data for January show Netflix Inc. building substantial momentum with its paid streaming video service, which has become a disruptive force in the TV and film industry as consumers migrate online.<br />
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    Netflix was No. 1 by a wide margin for time spent per viewer on its streaming site, which was up 23% from December to over 11 hours.
  • FedEx Cuts Q3 EPS View – Quick Facts – The company now expects adjusted earnings in the range of $0.70 to $0.90 per share for the third quarter ending February 28, compared to previous guidance range of $0.95 to $1.15 per share.