The SEC once again proved that it cannot complete a large case against a major company. In a settlement that looks like those that it made with Bank of America (NYSE: BAC) over disclosures connected to its purchase of Merrill Lynch and a number of firms accused of back-dating stock options to increase executive compensation, [[ This is a content summary only
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Google Inc. (NASDAQ: GOOG) has another round of earnings which are not going to be good enough for many. The search behemoth posted earnings of $6.45 EPS on ex-TAC revenues of $5.09 billion. Thomson Reuters has estimates of $6.52 EPS and $4.99 billion in ex-TAC revenues. This will mark the second big move downward after [[ This is a content summary only. Visit my website for full links, other content, and more! ]]
Sales of new cars in Europe, as measured by new car registrations, dropped in June for the third consecutive month. The slide is attributed to the end of what the Europeans call scrappage plans, better known in the US as the “cash-for-clunkers” program.
