iPhone 3GS sales top one million
reuters.com — Apple Inc sold more than 1 million units of its newest iPhone, the 3GS, in the first three days of launch, the company said on Monday. The news sent Apple shares up nearly 1 percent, after the stock had been trading down about 1 percent following a Wall Street Journal report over the weekend that said Apple Chief Executive Steve Jobs had undergone (Submitted by upick) More...
Desperate Banks Are Selling Everything That Isnt Nailed Down
slate.com — President Bush neatly summed up the complex problems in the financial sector last week in terms he could understand. "Wall Street got drunk," he said. "It got drunk and now it's got a hangover." And to pay for the hangover cure, Wall Street is now selling Grandma's silverware and little Billy's new bicycle. (Submitted by inactive) More...
Tech sector laughs in the face of recession
networkworld.com — Many segments of the economy may be following the housing market as it swirls down the toilet, but up there on the rim safe and sound -- at least for now -- stands the technology sector. ``The longer a recession might continue, the more pressure it will put on tech. Right now, it’s very solid," says one Wall Street analyst. (Submitted by nahsrocketeer75) More...
Wall Street analysts and toy retailers down on Pixar's Up
guardian.co.uk — It will be the first animated feature ever to open the Cannes film festival this year, and is produced by a company whose last two films won the best animation Oscar. Yet Pixar's next project, Up, is now the target of Wall Street analysts and toy manufacturers alike, for not being commercial enough. (Submitted by lovemorgul) More...
Wall Street Screws Main Street Once Again
corporateconstipation.com — So spending is up and earnings are up (at least according to the US government), but at the same time - jobs are down. As the Wall Street big wigs parachute their way out of financial disaster with golden payoffs, average Americans have seen their 401Ks drop to unprecidented rates while more jobs extinguish daily. (Submitted by pepperman911) More...
America, End Your Fear Of Wall Street
opednews.com — Through a century of market ups and downs, interest rate fluctuations, mergers, acquisitions, political influence, lobbying and positioning insiders to the most powerful government and government related institutions, the Kings of Wall Street have nurtured and advanced their isolated power to a point where they are responsible to no one. (Submitted by Novacs) More...
Will We Curb Wall Street's Casino? | OurFuture.org
ourfuture.org — Even as the health insurance companies draw down on health care reform, another showdown is just beginning in Washington. On Wednesday, the House Financial Services Committee will begin marking up the first legislation to try to curb Wall Street's (Submitted by ddoorn) More...
The Subjective Nature of Wall Street Write-Downs
zamansky.blogspot.com — Merrill Lynch wrote down $14 billion, meaning that they valued their holdings wrong. That's the theme of the week as every Wall Street firm is caught making numbers up to inflate profits, but then say, "oops you caught me" and screwing investors when things go badly. (Submitted by agalbo) More...
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