Immelt's Last Stand

Date: Fri, 23 Jan 2009 17:01:37 -0500

Immelt's Last Stand

Jeff Immelt and his team at General Electric held the line Friday.
Despite posting a steep drop in fourth-quarter profit, they defended
the dividend. They had to, writes Jim Jelter.

STOCKS SLIDE ON WEEK; S&P READY FOR ANOTHER DOWN QUARTER

With a third straight week of losses for the Standard & Poor's 500
Index, the backdrop to the dismal run can be seen in earnings reports
already in from more than a quarter of the companies listed on the
index.

AFLAC MORE EXPOSED TO HYBRID SECURITIES THAN RIVALS, UBS SAYS

Aflac Inc. is a lot more exposed to so-called hybrid securities than
rival insurers, UBS analyst Andrew Kligerman says.

SATYAM SOARS AS BOARD CITES PROGRESS ON NEW CEO, FUNDING

Shares of Satyam Computer surge, rallying as the battered
information-technology giant's board cites progress in its bid to
secure finding and find a new chief executive.

FUTURES MOVERS: OIL FUTURES RISE, JOINING BROAD RALLY IN COMMODITIES

Oil futures end up 6%, reversing earlier losses and joining a
broad-based rally in commodities, as traders looking for a safe haven
pile into hard assets.