Dailyfinance Wire
| 9:19AM 9/23/12
Sterne Agee analyst Shaw Wu believes that Apple (NASDAQ: AAPL) iPhone 5 sales could reach 46.5 million in its fiscal quarter which includes the 2012 holiday season. The figure is well above almost all other estimates. At approximately $600 per unit (paid for carriers, and then sold to customers for...
| 9:09AM 9/23/12
The Greek budget gap is about $26 billion, according to Der Spiegel (via MarketWatch).
That budget gap, much larger than previously estimated, would have to be eliminated for Greece to get needed aid packages from the EU, ECB, and IMF.
The problem raises ,one again, what the tipping point will be...
| 9:30AM 9/22/12
In what has become a world wide battle over intellectual property between Samsung and Apple (NASDAQ: AAPL), the U.S. company has sought to add to its recent court victory which gave it over $1 billion in damages and a judgement the seven of its patents had been violated
Apple has now asked the...
By Selena Maranjian, The Motley Fool
| 6:00AM 9/22/12
As far as bad habits go, smoking is a popular example of one to give up. Now there's a new report that makes a dramatic financial case for quitting: In New York State, low-income smokers are spending roughly one-quarter of their income on cigarettes.
| 6:00AM 9/22/12
Forget the fiasco that killing sales and coupons has turned out to be for J.C. Penney: CEO Ron Johnson's other radical change -- transforming the stodgy department store from a sea of clothing racks into an emporium of 100 hip, branded shops -- just might be its saving grace.
| 4:45PM 9/21/12
Pink slips are flying at American Airlines, but workers aren't the only ones who should be concerned. Cutbacks could have serious negative effects on the customer experience.
| 4:04PM 9/21/12
The three major U.S. stock indexes opened higher this morning, encouraged by a report from Europe that Spain was close to unveiling a rescue plan for the country's banks that it would release next week for review by eurozone authorities (more coverage here). In Asia, markets closed mostly higher...
| 3:50PM 9/21/12
More information is coming out about Mitt Romney's finances: The Republican candidate for president will release his 2011 tax return this afternoon, posting it online at 3:00 pm.
| 3:07PM 9/21/12
Standard & Poor's is calling for lower growth in the second half for U.S. Gross Domestic Product. This may not be much of a surprise on the statement, but the expected drop is likely to continue in 2013 and the odds are now closer to the chance of a recession coming back.
S&P cites the...
| 3:00PM 9/21/12
Wal-Mart plans to hire more than 50,000 seasonal employees to work at its Walmart stores in the United States, slightly more than it did last year, as it gets ready for the winter holiday season, its busiest time of year
| 2:40PM 9/21/12
Dennis Lockhart, President of the Atlanta Federal Reserve Bank, spoke to a Georgia audience today and explained some of his thinking leading to the recent FOMC decision to begin purchasing agency mortgage-backed securities. Lockhart was one of 11 FOMC members to vote in favor of the new asset...
| 2:21PM 9/21/12
The US Bureau of Labor Statistics (BLS) today released its data on state and regional unemployment for August. Compared with July 2012 data, unemployment rates rose in 26 states, with 12 states and the District of Columbia posting drops in unemployment rates and 12 states had no change.
Compared...
| 2:08PM 9/21/12
Mitt Romney's criticism of the 47% of Americans who don't pay federal income tax has re-energized the debate over who pays into our system, and who reaps its rewards. But the answers to those questions are trickier than you might guess. Think you know how the tax system really works? Take a peek at our quiz.
| 1:55PM 9/21/12
Breaking with its past practice, Wal-Mart Stores Inc. (NYSE: WMT) said today that it plans to hire about 50,000 seasonal workers and to boost hours for its regular employees during the 2012 holiday season. Walmart did not say how this number compares to its 2011 seasonal hiring total.
Target Corp....
| 1:31PM 9/21/12
Technology research firm IHS iSuppli has estimated that the cost of components in the 16-Gbyte version of the iPhone 5 from Apple Inc. (NASDAQ: AAPL) is $199. The cost to assemble the phone is $8, yielding a total hardware cost of $207 for a phone that costs $649 without a contract from a wireless...
| 1:08PM 9/21/12
Facing a deadline of Monday from the U.K.'s Takeover Panel, Xstrata plc was expected to announce today its decision on whether or not to accept the sweetened offer from commodities trading powerhouse Glencore International plc. Apparently the Xstrata board couldn't agree - or got cold feet - and...
| 12:40PM 9/21/12
Offshore drilling services firm Seadrill Ltd (NYSE: SDRL) is spinning off its offshore rig business to a new company to be called Seadrill Partners LLC. If a filing with the SEC, Seadrill Partners said it will seek $225 million in a public offering at a yet-to-be-determined date. The company did...
| 12:24PM 9/21/12
Tax planning is more complicated than ever now, thanks to the fiscal cliff we're hurtling toward and the tax increases it would bring. And while it's possible that Congress will steer us away from the cliff, if you're in a higher tax bracket, it's time to start doing some contingency planning.
| 11:45AM 9/21/12
Unemployment rates rose in more than half of U.S. states last month, the latest evidence that hiring remains tepid across the country. Unemployment also rose in seven of the 11 key swing states in this year's presidential election.
| 11:21AM 9/21/12
A report from the so-called 'troika' - the European Commission, the European Central Bank, and the International Monetary Fund - on Greece's ability to repay its debt may be delayed until after the U.S. elections on November 6th. The report had been expected in time for the October 8th meeting of...
| 10:49AM 9/21/12
Chinese solar panel maker Suntech Power Holdings Co. Ltd. (NYSE: STP) announced this morning that it had received a notice from the NYSE that the company has failed to meet the exchange's criteria for continued listing on the Big Board. The reason for the notice is that the company's American...
| 10:46AM 9/21/12
The stock market is up Friday, with the Dow Jones Industrial Average up 0.33%, the Nasdaq up 0.59% and the S&P 500 up 0.43%. Today's winners include a pharmaceutical company that received good news from the Food and Drug Administration and a home builder that beat Wall Street earnings...
| 10:29AM 9/21/12
Shares of Darden Restaurants Inc. (NYSE: DRI) jumped more than 5% after the opening bell on this morning's sold quarterly results even as its Red Lobster chain continues to struggle.
The Orlando-based full-service restaurant operator reported second-quarter earnings per share (EPS) of $0.85 on...
| 10:23AM 9/21/12
The United States is becoming a one of the lower-cost manufacturing centers in the world, according to a new study by the Boston Consulting Group (BCG). Low labor and energy costs are expected to continue making the U.S. more competitive and could lead to as many as 5 million new manufacturing jobs...
