Hello,
Sorry for the long delay in replying, we were out of the office for several days, and I'm still catching up on a few things.
What you proposed about the Update Data button staying red all the time is not correct. It goes red if there's a company whose data is out of date, based on the ranges set on the thresholds tab of the Preferences window. The biggest change in the preferences is the addition of options to turn off warnings about stock splits, Data Discrepancies, and alerts for companies that Toolkit can't find in the data feed.
This can effect what companies show up when you click the Update Data button. If there's a company that isn't in the data feed any longer, and hasn't been for a while, for example.
In that case, the Update Data button would be Red, but the company won't show up when you click Update Data. Instead you'll see an intermediary window listing tickers that could not be found, and won't be updated.
As an example, I started a new Harley Davidson SSG, and then made a few edits in the Data window. I changed the ticker to HDI, and then removed a few quarters of data.
That makes the Update Data button red, since the SSG is now out of date, as far as Toolkit is concerned.
When I click the Update Data button, it shows the intermediary screen, letting me know it couldn't find HDI in the data feed.
Clicking OK there, shows the Update Company Data window, which is blank, because there are no companies that it can update data for. This doesn't change the Update Data button being red on the Toolkit 6 Home Page, since there is technically still a company with outdated information.
There are a couple of ways to go from here. If you know that the company has changed ticker symbols (as with Harley Davidson), then the easiest is probably to open the company from the Library or a Portfolio, and update the ticker symbol.
If the company has gone out of business then you can either leave it as is, if you want to save some part of the history of the company, or (as before) go into the Library and delete the listing.
If you update the ticker symbol, then the next time you click Update Data, the company will show up again, allowing you to get it up to date, and removing the red highlight from the Update Data button.