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(EMAILWIRE.COM, September 21, 2011 ) Chicago, IL - Tuesday was a busy day on Wall Street as the Fed continues desperately to reverse a slumping economy.
Microsoft Corp. (Nasdaq: MSFT) is doing its part according to The Stockfather, publisher of a popular stock newsletter.
The software giant is trying to lift its stock price by boosting its dividend 25 percent, the largest increase since it started quarterly payments seven years ago.
The change announced Tuesday will boost Microsoft's dividend to 20 cents per share from 16 cents per share. That topped a 23 percent, or 3 cents per share, increase made on the dividend a year ago.
It's the sixth time Microsoft has raised its dividend since it introduced an 8 cents-per share payment to shareholders in 2004.
General Motors (NYSE: GM) is also doing its part to help the nation's struggling economy.
In exchange for an agreement to create 5,100 union jobs in the U.S., General Motors will hire thousands of less expensive employees and try to replace some longtime workers.
The offer is part of a tentative new contract between the automaker and United Auto Workers that union leaders recommended to their membership on Tuesday. Now, nearly 50,000 workers at GM must vote to accept or reject the four-year contract.
Meanwhile, the fallout continues for Netflix (Nasdaq: NFLX). Netflix's new double-feature is getting bad reviews.
Financial analysts and money managers are joining the chorus of consumers who are savaging Netflix's decision to separate its streaming video service from its DVD-by-mail division.
The stock for NFLX has plummeted from $304 to $129, a 52-week low hit yesterday.
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The Stockfather
Editor, The Stockfather
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thestockfather@gmail.com 
Source: EmailWire.com
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