Google Inc. (NASDAQ: GOOG) and the Federal Trade Commission will settle a 20-month investigation Jan. 3, according to Bloomberg sources, by agreeing to voluntary changes to some of Google’s business practices. The investigation dealt with allegations that Google misused patents to … [Read more...]
Did Fiscal Cliff Deal Cause Apple Inc. (NASDAQ: AAPL) Stock Rally
Apple Inc. (NASDAQ: AAPL) shares rallied to 553.82 at opening on Wednesday morning as fiscal cliff fears were finally assuaged with the resolution that was passed late Tuesday evening by a bleary-eyed House just at the New Year's Day deadline. It appears that the entire market was … [Read more...]
Surgeon Sues Google Inc. (GOOG) Over AutoComplete Defamation
An Australian cancer surgeon has sued Google Inc. (NASDAQ: GOOG) for defamation, claiming the search engine’s autocomplete cost him clients. According to the lawsuit, when a Google user types “Guy Hin...” into a search, the words “Guy Hingston Bankrupt” appear. Although the associated … [Read more...]
Apple Inc. (NASDAQ: AAPL) Officially Dubbed “Cheap” at this Price Point
Apple Inc. (NASDAQ: AAPL) shares soared over the $531.21 (2:38pm est) mark today in trading as investors bought them up following the publication a weekend edition Barron's article calling them “cheap.” On Saturday writer Tiernan Ray cited rising earnings and the momentum pushing them … [Read more...]
Fiscal Cliff Negotiations Stall in the Eleventh Hour
As the American people helplessly watch and wait for word from Washington, fiscal cliff talks in the Senate hit and rebounded from various roadblocks Dec. 30—less than 24 hours from the make-or-break deadline. As all bets were placed on Senate Majority Leader Harry Reid (D-Nev.) and … [Read more...]
Apple Inc. (NASDAQ: AAPL) Crazy Week in the Rumor Mill
Apple Inc. (NASDAQ: AAPL) stock analysts have continued to mull over the reasons it stayed pinned in the low $500's last week despite a plethora of reasons it might be undervalued this weekend. Contributing author to Forbes Darcy Travlos noted Saturday that Apple [news] Fatigue may be … [Read more...]
Apple Inc. (AAPL) Does Google Want You to Sell Your Apple Shares?
Apple Inc. (NASDAQ:AAPL) is there a Google conspiracy against AAPL? Update 1 Update 2 Update 3 I just came across something kind of funny that has to do with AAPL that I wanted to share. Before I post the link I want to say that I think this is a coincidence and there is no … [Read more...]
Apple Inc. (AAPL) Figures Don’t Lie Sales Look Strong
Apple Inc. (NASDAQ: AAPL) shares closed Friday evening at $509.19 down 0.08%, but it seems that consumer demand for Apple products may not have declined alongside the stock's current devaluation and slump to as steep a degree as analysts assume. Though figures from this holiday … [Read more...]
Obama’s Ultimatum – Fiscal Cliff Compromise or Vote
President Barack Obama addressed the nation Dec. 28 following an hour-long negotiation with Congressional leaders on how to avoid the ever-approaching fiscal cliff. According to Obama, he has assigned Senate Majority Leader Harry Reid (D-Nev.) and Minority Leader Mitch McConnell … [Read more...]
Home Prices Indicate Economic Recovery Despite Looming Fiscal Cliff
Economic doomsday theorists may persist in their declarations that an unresolved fiscal cliff spells disaster for the U.S. economy, but recent data from Standard and Poor/Case-Shiller says otherwise. The organization’s national home price index, released Dec. 26, increased 4.3 percent … [Read more...]
“Super Saturday” and Holiday Spending was a Bust This Year
Consumers spent less than expected this holiday season as the shopping spirit was diminished by poor weather, economic concerns and national tragedy. According to MasterCard Advisors SpendingPulse, a report that tracks spending on holiday merchandise, spending in the two months prior … [Read more...]
Federal Reserve Economic Forecast Off-target
Low interest rates may be a bane to savers’ retirement plans, but they have been a blessing to home builders. As the Federal Reserve has continued its quantitative easing programs to keep interest rates near zero, single family home starts are expected to increase 25 percent in 2012 … [Read more...]
“Super Saturday” Christmas Sales May Surpass Black Friday
Many believe Black Friday to be the biggest shopping day of the year, but it may actually be the Saturday before Christmas, as procrastinating shoppers hit the stores looking for last minute deals to complete their loved ones’ wish lists. The industry has termed the day “Super … [Read more...]
Fiscal Cliff Uncertainty Pushes Gold Prices Higher
Gold prices have rebounded and are expected to rise in 2013. Concerns over the looming fiscal cliff have only fueled interest in the precious metal. The price of gold was up $9.09 to $1,658.35 per ounce Friday, as were the stock prices of several major gold mining companies. … [Read more...]
Fiscal Cliff Days Away, Plan B Denied and No Resolution in Sight
As House Speaker John A. Boehner put forth a proposal to end fiscal cliff worries, Democrats rejected the plan out of hand, but now even Republicans don't support the plan. Boehner told the press, "The house did not take up the tax measure today because it did not have sufficient … [Read more...]
Yahoo Executive Blake Irving Jumps Ship to Take the Helm at Godaddy
Former Yahoo! Inc. (NASDAQ:YHOO) chief product officer Blake Irving will take the helm at Go Daddy effective Jan. 7. The private web-hosting company has often been better known for its controversies—former CEO Bob Parsons videotaped himself killing an elephant and the company … [Read more...]
Virgin Atlantic Airways Sells 49% to Delta Air Lines to Boost Trans-Atlantic Reach
Delta Airlines (NYSE:DAL) is buying a 49% interest in Virgin Atlantic Airways for $360 million in a deal that will strengthen Delta's New York to London schedules, as well as bolster its presence in Europe. Eccentric billionaire Richard Branson will still own a 51% controlling … [Read more...]
HSBC Found Guilty of Money Laundering for Mexican Drug Cartels
The British bank, HSBC Holdings plc (ADR) (NYSE:HBC), said that it would be pay a record $1.9 billion to settle claims of the bank’s money laundering activities. The US government says that HSBC’s US unit accepted billions of dollars from the Mexican drug cartels, Iran, and other … [Read more...]
U.S. Officials Slap Standard Chartered with $327 Million Penalty
Standard Chartered (STAN:LN) will pay $327 million to settle federal and New York charges it laundered money on behalf of four sanctioned nations between 2001 and 2007. The US Treasury’s Office of Foreign Assets Control announced Dec. 10 will conclude a years-long investigation into … [Read more...]
Ingersoll Rand Spins Off Security Division as Part of Strategic Restructuring
Ingersoll-Rand (NYSE:IR) announced it will be separating its security business from the rest of its operations in a strategic move to enhance shareholder value. The move includes combining its commercial and residential security businesses, a 31% hike in the company's quarterly … [Read more...]
