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Low End to the Week, Global Economic Concerns Continue to Drive Down Stocks

By: , dated July 20th, 2012

Weekly Wrap Up

During the past week many quarterly reports – both positive and negative – were released. Goldman Sachs (GS: Charts, News), Morgan Stanley (MS: Charts, News) and Ameritrade (AMTD: Charts, News) reported lower earnings while companies such as IBM (IBM: Charts, News) and eBay (EBAY: Charts, News) saw positive reports.

Global economic worries continue to grow as the IMF cut their earnings expectations for the following year. At the end of the week, eurozone ministers agreed to a Spanish bailout after the region of Valencia asked for aid. Many are talking about third quarter quantitative easing but wonder if it will really have the positive impact the US economy needs. More Market News

Economic News

Spanish Bond Rates Inch Higher Amid Fears
Spanish borrowing costs rose to worrisome levels for a second day Friday as the government said the economy would remain in recession through 2013 and the region of Valencia said it would need state financing – in effect becoming the first region to make an official plea for help. Click here to read the full article
Why Gasoline Prices Could Keep Moving Higher
Drought in the U.S. Midwest and rising tensions in the Middle East could keep upward pressure on gasoline prices this summer.Retail gasoline has been rising daily since late June, with the national average reaching $3.437 per gallon Thursday, according to AAA. Click here to read the full article
Is QE3 the Easy Way Out? Not So Much
It’s an irrefutable fact that the Law of Diminishing Returns has been applied – and has been proven – to affect everything from factories to fields and, lately, the Federal Reserve, as well. This, as the central bank mulls over whether or not more stimulus is needed to boost the faltering U.S. economy, and if so, whether it would even work. Click here to read the full article

Business News

Viacom to Restore DirecTV Channels
Viacom Inc. (VIAB: Charts, News) and DirecTV (DTV: Charts, News) settled a program-fee dispute early Friday morning, restoring Viacom channels like Nickelodeon, Comedy Central and MTV to the satellite TV service’s 20 million subscribers after a nine day blackout. Click here to read the full article
Geithner-Led Fed Didn’t Do Enough in Libor Scandal
The Federal Reserve Bank of New York in 2008, headed then by current Treasury Secretary Timothy Geithner, should have done more to investigate big-bank efforts to manipulate global interest rates, former FDIC Chair Sheila Bair told CNBC.In the latest salvo over the London Interbank Offered Rate – Libor – scandal, Bair called out regulators who knew of efforts by Barclays (BCS: Charts, News) and others to drive the key rate lower, but did nothing other than offer advice on how to fix the process. Click here to read the full article
Yahoo CEO Mayer’s Pay Package Worth More Than $59M
Yahoo (YHOO: Charts, News) is giving its new chief executive Marissa Mayer a compensation package worth more than $59 million over the next several years.Yahoo Inc. said in a regulatory filing Thursday that Mayer will receive an annual salary of $1 million. She’s also eligible for a $2 million bonus, and $12 million in restricted stock and stock options that will vest over the next three years. Click here to read the full article

Technology Focus

EU Wants Google Concessions for All Platforms: Sources
EU regulators, investigating Google (GOOG: Charts, News) for alleged anti-competitive behavior, want the internet search giant to offer concessions that cover all platforms, including computers, tablets and mobile devices, two people familiar with the issue said on Friday. Click here to read the full article
Forget the Hype, Tech Earnings are Edging Positive
Blue chip tech company earnings are as close as you get to a one-stop shop for gauging global economies and the collective stock market “mood”. Tech products have little to no shipping costs, are sold all over world, and touch a broad base of demographics. Traders spend entire quarters coming up with theories and hypotheses as to what’s happening in the world and how to play it. Earnings season is when they get their report cards. Click here to read the full article

Your Money

Mobile Will Let Shoppers Leave the Wallet at Home
Carrying around a wallet could be arcane in three years’ time, John Donahoe eBay (EBAY: Charts, News) president and CEO, told CNBC’s “Squawk on the Street” on Thursday.”It’s very hard to underestimate the impact of the mobile revolution,” Donahoe said. “These devices are becoming the central control systems of our lives. That’s now bleeding into how people shop and how people pay.” Click here to read the full article

5 Effective & Genuine Techniques to Motivate Employees
As a business owner, it’s my job to make my business grow. There has never been a doubt in my mind that most of that growth comes not from mysterious market forces, but rather from my most precious internal resource: my employees. To that end, I’ve always tried to make sure my employees are treated well with paid health benefits, three weeks’ vacation from year one, a matching 401(k) plan, and even homemade (by me!) birthday treats.All of these things help build a great team. But to really keep the team intact–and working together to grow the business–I’ve learned and tried to master these five effective and genuine techniques. Click here to read the full article

This article was brought to you by the InvestorGuide Staff Writers and Editors.

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