Weekly Wrap Up
After a recording break start to the week the three major stock indexes ended the week on a high note due to the strong manufacturing report. On Wednesday, the Federal Reserve announced that they decided to continue with their stimulus package and will continue spending at a rate of $85 billion per month. While the Fed as a whole was divided on the decision, it is speculated that they will start curbing their expenditures as early as April. Oil prices continued to drop throughout the week which is very good news for drivers. Many are speculating that prices could reach $3 or below very soon.
Time Warner Cable (TWC) reported a very low third quarter after its disputes with CBS. They lost thousands of customers after they refused to show CBS in eight markets, which resulted in over 3 million Time Warner Cable customers being unable to watch CBS for nearly a month. Apple (AAPL) released its newest tablet on Friday, the iPad Air in over 42 countries. American car companies had a very strong month of October: Chrysler was up 11%, Ford (F) up 14% and General Motors (GM) up 16%. Instagram began displaying ads on its newsfeed on Friday much to the dismay of its users. Twitter still didn’t release their IPO this week, will it happen next week?
The Federal Reserve Remains Divided in Their Decision to Extend Stimulus
In the first speeches since the central bank decided not to cut back the $85 billion-a-month bond buying program, Charles Plosser, president of the Philadelphia Fed, and James Bullard, president of the St. Louis Fed, disagreed on the right path for policy and the risks posed by the Fed’s record $3.8 trillion balance sheet. (Source: MarketWatch) Click here to read the full article
Oil Prices Continue to Drop Which is Good News for Drivers
“With the overhang of crude supplies building over six weeks, we are unlikely to see $100 oil again very soon,” said Kevin Kerr, president of Kerr Trading International. (Source: MarketWatch) Click here to read the full article
Big Shakeups Ahead for Boston Scientific
Medical equipment giant Boston Scientific (BSX) surprised investors last week, announcing that it would lay off up to 1,500 employees by the end of 2015, and that its long-time CFO Jeff Capello would resign at the end of the year. (Source: InvestorGuide) Click here to read the full article
Boeing Close to $87 Billion Deal
Shares of the Boeing Company (BA) closed down -0.22 or -0.17 percent on Tuesday to $129.66 per share, ahead of news that the company is negotiating with several airlines on orders for Boeing’s redesigned 777X jetliner. (Source: InvestorGuide) Click here to read the full article
McKesson Acquires $8.3 Billion Stake in Celesio
Shares of healthcare services firm McKesson Corporation (MCK) surged last week, after the company reported that it would acquire a controlling stake in Celesio, a German healthcare and pharmaceutical company which operates in 14 countries across the world. (Source: InvestorGuide) Click here to read the full article
Symantec Slides After Poor Second Quarter Earnings
Antivirus software maker Symantec (SYMC) slid last week, after the company reported its second quarter earnings for fiscal 2014.(Source: InvestorGuide) Click here to read the full article
New Event Series is a Must See
I’ve always thought there ought to be a way to soak up new ideas in business, technology and culture without having to spend three or four days holed up at a conference resort somewhere far from home and work. (Source: Forbes) Click here to read the full article
Are Smartwatches Worth the Money if you Already Have a Smartphone?
Smartwatches that display message alerts and weather updates are popping up everywhere this holiday season as consumer electronics companies try to persuade you to add them to your shopping list. (Source: Yahoo Finance) Click here to read the full article
Are There Simple Solutions That Could Fix Healthcare.gov?
The most motivated and productive people I’ve seen recently work in an older company on the American East Coast deploying innovative technology products to transform a traditional industry. (Source: HBR) Click here to read the full article