GM Boosts Executive Performance Standards, Stock Requirements

General Motors (GM) said it told analysts it's raising the performance requirements for executive compensation and increasing the amount of stock its top executives are required to hold. The company said details would be spelled out in its proxy statement.

Major Indices INDEX CHANGE % VALUE YR TO DATE Dow 77.50 +0.8% 9358.83 +1.9% S&P 500 14.27 +1.1% 1279.64 +4.1% Nasdaq 28.55 +1.2% 2505.89 +14.3% Russell 2000 3.25 +0.8% 427.21 +1.3% TSC Internet 5.12 +0.9% 557.52 +38.3% TREASURY BOND CHANGE VALUE YIELD 30-Year 4/32 102 10/32 5.091%

In other postclose news (earnings estimates from First Call; earnings reported on a diluted basis unless otherwise specified):

Earnings/revenue reports and previews

Creative Technology (CREAF) reported second-quarter earnings of 64 cents a share, in line with the six-analyst estimate but behind the year-ago 79 cents.

Energy East (NEG) posted fourth-quarter earnings of 69 cents a share, on target with the five-analyst view and a penny above the year-ago figure.

Citing sluggish holiday sales, Richardson Electronics (RELL) warned it sees third-quarter earnings falling "substantially" below the five-analyst forecast of 19 cents a share. In the year-ago period, the company earned 17 cents.

Mergers, acquisitions and joint ventures

Axsys Technologies (AXYS) said it hired Donaldson Lufkin & Jenrette to explore the potential sale of the company.

Internet America (GEEK) said it bought nearly all the assets of Dallas Internet service provider CompuNet for $2 million in stock and assumption of certain liabilities.

Miscellany

An advisory panel to the Food and Drug Administration recommended approval of Scios' (SCIO) Natrecor drug to treat congestive heart failure.

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