Apple (AAPL) Finally Unveils Newest iPhone; German Court Backs Bailout Fund

Big news on Wednesday came from Europe as the German court announced their approval of the new rescue fund and budget pact, lifting market sentiment. After this announcement the euro climbed to a four-month high of $1.2936. Investors continue to look ahead to the Fed's announcement on Thursday. Also boosting stocks was the long-awaited release of the iPhone 5 by Apple (AAPL). In after hours trading the company's shares rose after unveiling its newest model. Facebook (FB) shares rose today after CEO Zuckerberg made public comments acknowledging the disappointing stock performance.
Chesapeake Energy (CHK) sold $6.9 billion worth of its assets to Shell (RDS) and Chevron (CVX). Talks have surfaced that BAE Systems (BA) and Airbus are considering a merger.

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Published on Sep 12, 2012
By InvestorGuide Staff

Copyrighted 2020. Content published with author's permission.

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