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This random selection from my daily reads changes each time the page is refreshed.
Rough Economic Data Halts Market Movement
By: InvestorGuide Staff, dated July 28th, 2010The markets suffered losses across the board today after the Fed released a bleak Beige Book report. The Dow Jones dropped 39.81 points to 10,497.88 while the Nasdaq retreated 23.69 points to finished at 2,264.56 for the day. The S&P 500 did not fare much better with its 7.71 point loss. Unfortunately, today was also the Dow Jones’ first losing session in four closes. Investors seemed unable to shake the day’s disappointing economic data, which really appeared to drag the session down. In corporate news, Symantec and Boeing had bad days as both posted lower-than-expected quarterly performances. However, General Dynamics and ConocoPhillips came out ahead when they surprised investors with strong quarterly reports. The price of gold went up $2.40 per ounce to close at $1,160.40 for July delivery while cost of crude oil for September delivery fell $0.51 per barrel to $76.99.
Word on the Street
Fed’s Beige Book indicates that the economic recovery has lost momentum but is not dead.
Sprint post a better-than-expected loss for the quarter thanks to its latest phone offering.
Arizona’s controversial anti-immigration law undergoes some last minute changes. Find out more.
The BP oil spill was crippling for many companies and people. However, the insurance industry may feel differently .
Apple gets angry about third party accessory companies selling products under false pretenses .
Rumors about a new phone push Research in Motion stock higher.
The man suing Facebook for 84% ownership in the world’s biggest social networking site has a dark secret. What is he hiding?
Is there a new Kindle on the way? Some analysts seem to think so, but why?
Former WG Trading Executive pleads guilty to fraud after admitting to taking upwards of $75 million in funds for personal use.
There is speculation that United Health is close to buying Executive Health Resources. What is the suspected price tag on this deal?
Symantec reports a bump in earnings, but can’t quite hit its sales target .
Other Juicy Tidbits
Check out this list of the top ten customer complaints . You won’t believe some of these gripes.
Who wants to be a billionaire? Well, these people already are.
Check out 10 ways that the iPad is changing healthcare.
The most expensive sporting event tickets in North America . Is your favorite team on the list?
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