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Verizon's Q2 Earnings Receive Upgrade To 'Strong Sell'

Verizon customers are increasingly turning to smartphones
Standard & Poor's (S&P) Capital IQ equity analyst Todd Rosenbluth changed his rating on Verizon Communications (NYSE: VZ), from Hold to Strong Sell after the $128.4 billion-cap mobile service carrier posted its second-quarter earnings Thursday morning.

Ackman’s Words Boost Penney’s Stock

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After activist investor Bill Ackman of Pershing Square Capital Management said he expects to make 15 to 20 times his investment in beleaguered Plano, Texas-based retail giant J.C. Penney Company, Inc. (NYSE:JCP), stock in the company hit a ten day high.
IMF and U.S.

IMF Urges UK To Jumpstart Economy

Britain risks permanent damage to its economy if the government does not adopt fiscal stimulus measures to reverse the country's recession, the International Monetary Fund (IMF) warned Thursday as it pressed for a reduction in the country's deficits to jumpstart its ailing economy.
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Consumers Remain Cautious despite Hefty RBA Cuts in May

TiVo Wants To Know Where You Shop, Nielsen Wants To Stay Relevant

The company that developed the first commercially available DVR announced on Tuesday that it is purchasing TRA, Inc., a marketing and analytics company whose products help advertisers know which TV commercials are the most effective based on consumers' shopping habits.
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Asian Shares Flat As Investors Await Bernanke Testimony

Asian shares paused Tuesday as investors awaited Federal Reserve Chairman Ben Bernanke's view on the U.S. economy later in the day, after weak U.S. retail sales and a lower International Monetary Fund global growth forecast raised hopes of more stimulus from the Fed.
Small-business owner Gorham grabs a lobster out of tote during delivery of live lobsters at his shop the "Redhook Lobster Pound" in New York

Lobster Prices In Maine Hit 30-Year Low, Crushing Lobstermen

If you're a big fan of boiling expensive crustaceans, you're in luck. Lobster prices have hit a 30-year low in some areas of Maine, as unusually warm temperatures have increased the number of the glorified crabs available. Retail prices may soon follow, but don't expect them to match the 70 percent drop at the docks.
Asian Stocks

Week Ahead: Asian Markets Likely To Be Range-Bound

Asian markets breathed a sigh of relief Friday as the Chinese GDP figures improved, contrary to what some had feared, and eased concerns of a sharper slowdown in the world's second largest economy. The second quarter economic data showed a sequential acceleration and pointed to a pick-up in growth in the second half of the year.
Apple Store

As Apple Faces New US Discrimination Accusations, Iran Tries To Capitalize

Reported incidents of discrimination by Apple Store employees against people of Iranian descent are increasing, raising the likelihood that what appeared to be a few cases of prejudice may turn into a legal and diplomatic scandal. Further, the company's virtual non-response to the reports exposes it to being played by Tehran, which has already become involved.

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