Savings Experiment: Snow Removal
The Money Man Behind Rick Santorum: Who Is Foster S. Friess?
Main market news here.A consumer advocacy group, the Foundation for Consumer and Taxpayer Rights, isn't happy about Apple Inc.'s (NASDAQ: AAPL) battery replacement program for the iPhone, which currently requires ssers to submit their iPhone to Apple for battery service, a service that would cost users $79, plus $6.95 for shipping, and will take three business days. The battery, is apparently soldered to the device.
The Boeing Co.'s (NYSE: BA) new jet, the 787 Dreamliner, is set to launch on July 8 (very clever: 07-08-07). There have been fears the company may have to delay the launch due to several setback it had encountered in assembling the jet, but apparently, in two days, we will get to see it. "It won't have passenger seats, it won't fly -- in fact, it won't even motor itself down the runway." But it will be unveiled at its Seattle-area factory on 7/8/7 nonetheless.
Deutsche Bank upgraded Royal Dutch Shell (NYSE: RDS) and BP (NYSE: BP) to Buy from Hold, increasing both target prices to $95.82 per U.S.-listed share and to $81.09 per U.S.-listed share. DB raised targets on other oil companies as well, seeing the cycle as being still far-off its peak. Shell shares are up 2.5% in pre-market (7:45 a.m.) and BP shares are up 0.9%.
Following the footsteps of other chains such as Starbucks Corp. (NASDAQ: SBUX) and rivals such as McDonald's Corp. (NYSE: MCD) that have already announced such measures, Burger King (NYSE: BKC) also announced it will use trans-fat-free cooking oil at all its U.S. restaurants by the end of next year.
Bloomberg has a nice feature about Meg Whitman, eBay Inc.'s (NASDAQ: EBAY) CEO and how it accomplished "what most Internet chiefs can only dream of: She's beating Google Inc. (NADSAQ: GOOG) in at least one corner of the Web." The article refers, of course, to eBay's PayPal, but continues with a more in-depth look at both companies' growth and businesses.
And finally, comScore reports about Facebook's growth in the past year since the open registration came into effect. Unique visitors grew by 89% while page views grew by 143%.
Five analysts, including Bear Stearns and Citigroup, downgraded Hilton Hotels (NYSE: HLT), mostly from Buy/Outperform to Hold/Neutral as a better bid from the one given by Blackstone Group (NYSE: BX) is unlikely.
Goldman Earnings Sink After Buffett Dividend
Johnson & Johnson's Income Falls 23%
Burberry Shares Leap on Sales Update
Reader Comments (Page 1 of 1)
7-06-2007 @ 9:55AM
steven Fierberg said...
How can you give credence to this crazy 'consumer advocacy group' when it is clearly solely an attempt to extort money from Apple (and, consequently its shareholders) by suing them over a feature that is clearly set out by Apple?