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US Indices Off this Week Despite iPhone Launch and Hopes for a Spanish Bailout (AAPL, TRLA)

By: , dated September 21st, 2012

Weekly Wrap Up

One of the biggest pieces of news on investors’ minds was the sudden drop of oil prices early this week. On the week, oil lost about 6% due to setbacks and Saudi Arabian talks earlier on but made a small comeback on Thursday and Friday. Slowdown has been indicated recently in global economies after reports of weak data from Asia and Europe continue, although by Friday hopes had risen slightly.

Also making headlines this week was Apple (AAPL: Charts, News) with their release of the iPhone 5, making many question just how high the limit is for shares of the company. Recently public Trulia Inc. (TRLA: Charts, News) began trading on Thursday and surged 41%. Nine S&P 500 members are increasing their dividends this week including Yum Brands (YUM: Charts, News) and McDonald’s (MCD: Charts, News). More Market News

Economic News

Oil Rises for Second Day on Supply Concerns
Oil rose for a second straight session on Friday as supply concerns and economic optimism fuelled a rebound from a 7 percent slide earlier in the week. Source: Reuters. Click here to read the full article
US Unemployment Claims Fell Last Week to 382,000
The number of Americans seeking unemployment benefits fell only slightly last week to a seasonally adjusted 382,000. The level suggests hiring remains weak. Source: ABC News. Click here to read the full article
Spain Moves Closer to Bailout as Government Leaks Planned Pension Cuts
Spain crept closer to a bailout as the government leaked plans to cut pension spending and senior bankers and business leaders called for the prime minister, Mariano Rajoy, not to postpone his decision too long. Source: theguardian. Click here to read the full article

Business News

More Companies Raising Dividends
This week, eight Standard & Poor’s 500 Index companies announced increased dividend payouts, as firms try to spend some of the near-record amounts of cash they’re holding.The announcements came after record payout amounts last month. Source: MarketWatch. Click here to read the full article
Hey Walmart: Instead of Kicking Out Kindle, Stop Running Ads for the Competition
Walmart (WMT: Charts, News) just kicked out the Kindle in a misguided competitive effort, but to really stop showrooming, retailers need to look a lot deeper at their own organizations. Not selling the competitors products is like putting that Dutch kid putting his finger in the damn – you can’t stop the tide of online shopping, but you can get a whole let better at competing. Source: Forbes. Click here to read the full article
General Mills Tops Earnings and Expects Stable Costs in 2013.
On Wednesday, food conglomerate General Mills (GIS: Charts, News) impressed Wall Street with quarterly earnings that topped analyst expectations. For its first quarter, the parent company of Cheerios, Progresso and Yoplait reported earnings of 82 cents per share, or $548.9 million. Source: InvestorGuide. Click here to read the full article

Technology Focus

Apple’s iPhone 5 Launches Across the World
Apple (AAPL: Charts, News) fans wasted no time getting their hand on the new iPhone 5 on Friday.Consumers lined up at Apple stores in cities across the world, including New York, Paris, London, Sydney, Hong Kong, Tokyo and Singapore. The new iPhone 5 also will launch in 22 more countries a week later. Source: CNBC. Click here to read the full article
RIM Takes Another Hit Ahead of Big Week
Shares of Research In Motion Ltd. (RIMM: Charts, News) suffered Friday, slipping close to their record low following an outage of its BlackBerry service ahead of a pair of important events for the company next week. Source: MarketWatch. Click here to read the full article

Your Money

How the 99% Can Invest Like the 1%
The rich are different from you and me, except when it comes to the types of investments they make.Sure, the wealthy have more zeros in their accounts and access to top financial advice, but the sophisticated capital preservation, hedging and portfolio-diversification strategies once available only to the country-club set are now available to the country at large. Source: MarketWatch. Click here to read the full article
10 Must-Have Mobile Apps for Entrepreneurs
I’m on the go a lot, which means I spend just as much time–if not more–on my phone as I spend on my computer.This would not have been possible even just a few years ago. But luckily, technology has made it easy to be more and more productive with just a smartphone. Here’s a list of 10 mobile apps I love that help me save time and get things done. Source: Inc.com. Click here to read the full article
This article was brought to you by the InvestorGuide Staff Writers and Editors.

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