Apple earnings lift iPhone supplier stocks
NEW YORK (CNNMoney) — Apple isn’t the only stock benefiting from itsblowout second quarter, during which it sold many more iPhones than expected. Shares of companies that make chips or accessories for iPhones also rode the good-news wave. Apple (AAPL, Fortune 500) shares jumped 10% in morning trade Wednesday, after the company said late Tuesday [...]
Read MoreBurger King to use eggs from cage-free hens
NEW YORK (CNNMoney) — Breakfast at Burger King is about to get more humane. The nation’s No. 2 fast food chain announced an agreement Wednesday with the Humane Society of the United States to switch to eggs from hens not kept in cages, and to only use pork products from pigs also not kept [...]
Read MoreInstagram Applications vs. Gramophone Regulations
Is Instagram worth $1 billion? Probably not. Is Instagram worth one-hundredth of Facebook? Perhaps. Last week Mark Zuckerberg acquired the photo-sharing app for 1% of his company — 30% in cash and 70% in pre-IPO Facebook currency. The deal took three days, and the companies boards were told after Zuckerberg and Instagram CEO Kevin Systrom concluded [...]
Read MoreWhy The Next Shoe To Drop Post-Instagram Is Apple Buying Twitter for $10 Billion
There were many responses from the Facebook (FB) – Instagram deal. One of the more interesting ones to emerge at the end of last week was Phil Schiller’s response via 9to5Mac. The SVP of Marketing for Apple (AAPL) has deleted his Instagram account and declared that Instagram had jumped the shark. Apple has made [...]
Read MoreThe nobody knows anything market
NEW YORK (CNNMoney) — Good news. First-quarter profits may turn out to be pretty healthy. Bad news. Investors don’t seem to care. Stocks fell Thursday despite better-than-expected earnings from Bank of America (BAC, Fortune 500) and Morgan Stanley (MS, Fortune 500), as well as strong results from Verizon (VZ, Fortune 500), eBay (EBAY, Fortune 500) and Travelers (TRV, Fortune 500). Investors [...]
Read MoreRoller Coaster Ride For 2-Year CD Rates
Although we’ve had three leader changes in the 24-month term in the past couple of weeks, CD rates have managed to end up almost exactly where they started. (Kudos to those of you who were able to take advantage of AloStar Bank of Commerce’s short-lived anniversary special of 1.40% APY.) KeySource Commercial Bank (www.keysourcebank.com), now offers the [...]
Read MoreSprint hit with $300 million tax fraud lawsuit
NEW YORK (CNNMoney) — New York’s attorney general filed a tax fraud lawsuit against Sprint Nextel on Thursday, accusing the wireless carrier of intentionally underpaying sales tax in the state for seven years. Starting in 2005, Sprint stopped collecting and paying New York sales tax on around 25% of the revenue from its fixed-price monthly [...]
Read MoreBest deals on stocks & bonds
(Money Magazine) — It’s getting tough to find a bargain these days and the stock market isn’t cheap. But there’s value to be found in the markets, if you tilt your game plan toward equities. To assess the relative value of stocks and bonds, experts look at the earnings yield on stocks (that is, earnings [...]
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