Updated from 3:38 p.m. EDT Update: Intel reported better-than-expected results after the close on Tuesday. The chip giant reported second-quarter revenue of $8 billion, above the consensus of $7.3 billion.
Daily Archives: July 15, 2009
The Decade’s Best Fund Manager Shares His Top Energy Stock Picks
Dan Rice’s $800 million BlackRock Energy & Resources Fund stands alone as the top U.S. equity mutual fund in the past decade, according to Morningstar. The fund gained an average of 20% a year in the 10 years ended May 31.In this clip, Rice says part
Is Bailing Out California Necessary to Preserve the Union?
From The Business Insider, July 14, 2009: Marshall Auerbuck at New Deal2.0,
a blog for the Franklin and Eleanor Roosevelt Institute (just so you
know where they stand), sees dramatic consequences if California is
allowed to continue printing IOUs and t
Amazon Buys Netflix? Microsoft Is a Much Better Guess as a Potential Acquirer
From All Things Digital, July 14, 2009:Yesterday, shares of Netflix got their semi-regular rocket
boost–with its stock up more than five percent to close at just over
$42–from rumors that Amazon was interested in buying Netflix.
Oh, it&rsqu
10 Reasons Employment Is Worse Than You Think
From The Business Insider, July 14, 2009:Mort Zuckerman (of all people) has an op-ed in today’s WSJ explaining why the jobs situation, which is quite clearly horrific, is even worse than you think.Here are his points, condensed
185,000 workers in the Jun
Goldman Sachs Trounces Expectations
Many analysts and traders were expecting a big quarter from Goldman Sachs, and they got exactly that.The New York-based bank said Tuesday that it earned $3.4 billion, or $4.93 a share, in the second quarter, up from $4.58 a share a year