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Google Seeks Dismissal of E-Books Case

Top Finance News - Fri, 07/27/2012 - 1:35pm
Google asked a U.S. court to dismiss a lawsuit over electronic books, saying the public benefits from the company's digital-scanning program and the market isn't harmed.

Wall Street Rises on GDP, Stimulus Hopes

Top Finance News - Fri, 07/27/2012 - 1:35pm
Wall Street rose on Friday following a report on U.S. economic growth which met expectations and on hopes for further stimulus from the Federal Reserve.

Facebook Shares Plunge to New Lows. Time to Buy?

Top Finance News - Fri, 07/27/2012 - 12:25pm
"Overall it was a good quarter for them, but clearly the market demanded more," says Victor Anthony, an analyst at Topeka Capital Markets.

How Europe’s Perfect Economic Storm Could Drench the Presidential Election

Top Finance News - Fri, 07/27/2012 - 12:25pm
If the European crisis does come to a head over the next couple of months, President Obama might learn that what goes around in politics all too often comes around.

Why Big Banks Have So Many Scandals

Top Finance News - Fri, 07/27/2012 - 12:25pm
There's too much money at stake for individuals, too much complexity in the laws and rules, and so much reluctance at the top to make fundamental changes.

Consumer Sentiment Falls to 2012 Low

Top Finance News - Fri, 07/27/2012 - 12:25pm
Consumer sentiment fizzled in July, falling to its lowest level of the year, as Americans took a dim view of the employment situation and their income prospects.

Facebook Shares Sink to New Low on Earnings

Top Finance News - Fri, 07/27/2012 - 12:25pm
Facebook's stock has hit a new low after it reported second-quarter results that disappointed investors.

The Questionable Value of Olympic Ads

Top Finance News - Fri, 07/27/2012 - 9:50am
Jack Ablin, chief investment officer of Harris Private Bank, considers if there's a payoff for the sponsors or is it all just a giant boondoggle disguised as a marketing opportunity?

Amazon’s New Worker Education Program: Good Business or PR Stunt?

Top Finance News - Fri, 07/27/2012 - 9:50am
The largest U.S. online retailer plans to reimburse its full-time hourly workers for vocational training at an accredited school.

Economic Growth Slows to 1.5%, Tops Estimates

Top Finance News - Fri, 07/27/2012 - 9:50am
The U.S. economy grew at an annual rate of just 1.5% from April through June, as Americans cut back sharply on spending.

Chevron Profit Slips 7%

Top Finance News - Fri, 07/27/2012 - 9:50am
Chevron says its net income fell nearly 7% in the second quarter as oil prices and production declined.

Economic Growth Slows to 1.5%, Consumer Spending Weakens

Top Finance News - Fri, 07/27/2012 - 8:50am
U.S. economic growth slows to 1.5% annual rate from April to June while consumer spending weakens.

ECB May Take Losses in Second Greek Debt Restructuring

Top Finance News - Fri, 07/27/2012 - 8:50am
European policymakers are working on "last chance" options to bring Greece's debts down and keep it in the euro zone.

Why Growth Stocks are a Coiled Spring

Top Finance News - Fri, 07/27/2012 - 8:50am
Scott Mullinix, co-manager of the Nuveen Large Cap Growth Opportunities Fund, believes growth stocks are a cheap buy right now.

Apple to Buy AuthenTec for $356 Million

Top Finance News - Fri, 07/27/2012 - 8:50am
AuthenTec, which makes fingerprint sensor chips used in personal computers, said it agreed to be bought by Apple for about $356 million.

Germany Stands with ECB to Safeguard Euro

Top Finance News - Fri, 07/27/2012 - 7:50am
Germany said on Friday it stood ready, just like the European Central Bank, to do all in its power to ensure the survival of the euro.

Merck's Earnings Fall on Charges, but Sales Rise

Top Finance News - Fri, 07/27/2012 - 7:50am
Merck says its second-quarter net income fell 11.4% as slightly higher sales were offset by acquisition and restructuring costs.

BP Ordered to Pay TNK-BP $3.1 Billion Over Failed Rosneft Deal

Top Finance News - Fri, 07/27/2012 - 7:50am
A Russian court ordered BP to pay TNK-BP, its venture with a group of billionaires, $3.1 billion in damages over the U.K. company's failed tie-up with OAO Rosneft.

U.S. Economy Probably Expanded at Slowest Pace in a Year

Top Finance News - Fri, 07/27/2012 - 6:45am
The U.S. economy probably expanded in the second quarter at the slowest pace in a year as as oftening labor market caused Americans to cut back on spending.

Large Asia Markets Unloved, but For How Long?

Top Finance News - Fri, 07/27/2012 - 6:45am
Within Asia, large equity markets appear to have taken the brunt of investor concerns about Europe and global growth recently, perhaps to an excessive degree.

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