I will take beer with that!

Electro Scientific Industries, maker of laser tools for electronics manufacturers, has named Allen Muhich as its new CFO. His pay will be a $350,000 base salary, plus a $25,000 hiring bonus and an annual bonus between 60% and 200% of his base salary. The company also gave him 50,000 shares that will vest over the…

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A bit of news from abroad

A bit of news from abroad to start the morning: “We have made the breakthrough we needed,” said European Commission President Jean-Claude Juncker, declaring a long-awaited Brexit deal and the opportunity to now discuss trade arrangements. A financial settlement was agreed that was “fair to the British taxpayer” and enshrined the “special rights of EU…

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morning report from Northwest Quadrant Wealth Management

The U.S. government is urging a federal judge to reject the February court date sought by AT&T and Time Warner in a dispute over the firms’ proposed merger, which the DOJ feels could raise prices and hamper the development of online video. It has requested that proceedings start on May 7, but AT&T will have to…

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Wall street and cell phones

The Commerce Department says new orders for U.S.-made goods for non-defense capital goods excluding aircraft, grew 0.3% in October. Business spending on equipment has increased strongly this year as corporations anticipated hefty tax cuts from the Trump administration. Business spending on equipment increased at its fastest pace in three years in the third quarter. Global oil market…

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November was another green month

November was another green month for equities, with the S&P 500 up 2.8%, the Dow up 3.8%, and the Nasdaq up 2.2%. The Dow has closed green eight consecutive months, the longest streak since in 22 years. The S&P 500 is also up eight in a row, the longest since 2007.  On a total return…

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Is Santa coming to Wall Street?

Get ready for December. Historically, December is a good month for the S&P 500. In fact, since 1950, no month is up more often than the 75% of the time December finishes in the green, and the +1.6% average return is also the best out of the 12 months. The month of December has never…

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