The Wall Street Journal reported late yesterday that a settlement in the lawsuit against Washington Mutual's former CEO and other executives for $75 million dollars. The original suit sought $950 million dollars. Most of the $75 million is to be paid not by the executives but rather by insurance and by the public estate of the bank that employed them. None of the executives have admitted any wrongdoing. more ›

We don't have a shred of evidence for that headline; it's a gut thing. We're rollin' Jack Fuckin' Welch-style. But Citigroup research analyst Mark Mahaney does predict this will be a Kindle Christmas; he's doubled his sales estimates to nearly 400,000 units. At $359 per, that's over $136 million from a single product. Mahaney says Amazon's e-reader will bring in $1 billion by 2010. This projection is based on the Kindle selling as many units in its first year as the iPod. No one outside of Amazon knows how many that is--Mahaney is guesstimating, using in part the 4,000+ mostly positive Kindle reviews on Amazon's site, more than half of which give it 5 out of 5 stars. Our favorite contrarian response? Peter Kafka says hold on a sec: "iPod users immediately had access to thousands of songs they already owned the minute they synced their machines to their computers. And they could get anything else they wanted for free (if they chose to steal). Kindle users, however, are pretty much forced to pay $9.99 each time they want a new title." more ›