Category: News

Will Samsung Wow with the GS4?

| March 15, 2013 | 0 Comments

Samsung’s splashy launch party for its fourth-generation Galaxy S mobile device isn’t going to have much of an impact in its war with Apple. That’s because the battleground for dominance in the mobile space has shifted away from the hardware and physical design of phones and toward their software, specifically the operating system. The real battle for mobile dominance looks like this: Apple, with its iOS ecosystem, is in one corner, and Google, with its Android system, is in the other. Whichever wins over consumers will ultimately decide the victory.

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Braunstein ‘Does Not Recall’

| March 15, 2013 | 0 Comments

JPMorgan Chase & Co.’s Douglas Braunstein was grilled by U.S. senators after saying he couldn’t remember how Chief Executive Officer Jamie Dimon reacted when the bank resumed sending reports to a regulator.

Democrat Carl Levin of Michigan, the head of the Permanent Subcommittee on Investigations, asked about Dimon’s reaction after a panel report yesterday saying the CEO told executives last year to stop sending the investment bank’s daily results to the Office of the Comptroller of the Currency. Dimon believed “it was too much information,” the report said, citing an interview with an OCC examiner.

Dollar Takes a Bit of a Dip

| March 14, 2013 | 0 Comments

The dollar fell after touching its strongest level versus the euro since December as European leaders debate loosening the shackles on national budgets to address economic weakness amid the region’s debt crisis.

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Jobless Claims Fall and Market Strengthens

| March 14, 2013 | 0 Comments

The number of filings for new unemployment benefits unexpectedly fell in the latest week, following declines in the previous two weeks.

“Every week that claims stay down, it confirms it’s not an anomaly, and this is pretty important,” said Jack De Gan, chief investment officer at Harbor Advisory Corp in Portsmouth, New Hampshire.

He said the downward trend in jobless claims was “one of the reasons the market has been strong year to date.”

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Apple: To Lower Costs of the iPhone, or Not?

| March 14, 2013 | 0 Comments

Apple needs to launch a low-cost iPhone to boost earnings and market share, says BTIG analyst Walter Piecyk.

In an investors note out today, Piecyk said he raised his opinion on Apple stock to “buy” from “neutral” based partly on the assumption that a low-cost iPhone will launch before the year is over.

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Dollar Continues to Strengthen

| March 11, 2013 | 0 Comments

The dollar held near a 3-1/2-year high against the yen and was little changed against the euro on Monday after last week’s stronger-than-expected U.S. jobs growth fueled speculation the Federal Reserve could back off its ultra-loose monetary policy sooner than anticipated.

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Icahn Complicates Things for Dell

| March 7, 2013 | 0 Comments

The shareholder opposition to the $24.4 billion buyout of Dell is growing louder.

Carl C. Icahn, the longtime activist investor, is planning to unveil a major stake in the troubled computer maker, a person briefed on the matter said on Wednesday. As with other investors, he is expected to express dissatisfaction with the price, the person said.

With Mr. Icahn joining the opposition, the Dell deal faces longer odds.

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Jobless Claims Continue To Decline

| March 7, 2013 | 0 Comments

The number of Americans who filed for unemployment benefits declined to a six-week low, showing further improvement in the labor market.

First-time jobless claims unexpectedly fell by 7,000 to 340,000 in the week ended March 2, the lowest since the period ended Jan. 19, according to data today from the Labor Department in Washington. The median forecast of 50 economists surveyed by Bloomberg called for an increase to 355,000. The four-week average dropped to a five-year low.

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Euro Dips Below the Comfort Level

| March 5, 2013 | 0 Comments

The euro slipped against the dollar Monday as caution ahead of a round of monetary policy meetings this week pushed the currency to its lowest level against the greenback in over two months.

The euro traded at $1.3019, down from $1.3066 late Friday.

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What to Watch: Dow Jones

| March 5, 2013 | 0 Comments

The Dow Jones industrial average is less than 37 points from a record high. But how high the Dow climbs could depend on whether retail investors think the rally has legs and feel comfortable putting cash to work in stocks.

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