Colombo Disalvatore

Colombo DiSalvatore – iPhone

Colombo DiSalvatore business highlight topic today is on the iPhone. Proud owners of Apple Inc.'s iPhone raved about their first day with the device on Saturday, but a glitch took the shine off the year's most anticipated device for a few unlucky customers. Of 11 iPhone owners contacted by Reuters on Saturday, nine reported little or no trouble setting up their handsets, a combined cell phone, music player and Web browser. "It's awesome, it's the best thing I ever saw in my life," said New York private detective Jerry Gregory. "Once people see this phone they are going to want one. Everybody I show this phone wants one, even people who were anti-iPhone."

For more information on this topic introduced on Colombo DiSalvatore business news please visit the following link:

http://today.reuters.com/news/articlenews.aspx?type=businessNews&storyid=2007-06-30T230042Z_01_N29261971_RTRUKOC_0_US-IPHONE-ATT.xml

© 2007 Colombo DiSalvatore, Disalvatore business today. All rights reserved

Colombo DiSalvatore – Inflation

Colombo DiSalvatore business highlight topic today is on inflation. The Federal Reserve on Thursday held benchmark U.S. interest rates steady and, while nodding to a recent easing in core inflation, restated that inflation is its top concern. The decision by the central bank's Federal Open Market Committee keeps the overnight federal funds rate target at 5.25 percent, the level it hit in June last year after 17 straight quarter-percentage point increases. In a statement outlining its decision, the U.S. central bank dropped a reference to core inflation as "elevated" that had been in its two prior rate announcements. Nonetheless, it expressed concern that an easing in the pace at which nonfood, nonenergy prices were rising could prove fleeting.

For more information on this topic introduced on Colombo DiSalvatore business news please visit the following link:

http://www.typepad.com/t/app/weblog/post?blog_id=567539

© 2007 Colombo DiSalvatore, Disalvatore business today. All rights reserved

Colombo DiSalvatore –Nike profits

Colombo DiSalvatore business highlight topic today is on Nike. Nike Inc.'s fourth-quarter profit rose nearly a third on surprisingly strong U.S. and foreign demand for its shoes and apparel, beating Wall Street estimates and sending its shares up more than 5 percent. The world's top maker of athletic shoes and apparel also said fiscal 2008 revenue would be at the top end of a growth target in the high single digits, with lean inventories helping to provide modest growth in gross profit margins. The results, together with orders for future delivery of footwear and apparel in the United States that were above analysts' estimates, appeared to allay some Wall Street worries that sluggish sales at U.S. mall-based retailers were hurting Nike as well.

For more information on this topic introduced on Colombo DiSalvatore business news please visit the following link:

http://today.reuters.com/news/articlenews.aspx?type=businessNews&storyid=2007-06-26T230957Z_01_WEN8991_RTRUKOC_0_US-NIKE-RESULTS.xml

© 2007 Colombo DiSalvatore, Disalvatore business today. All rights reserved

Colombo DiSalvatore – DaimlerChrysler

Colombo DiSalvatore business highlight topic today is on DaimlerChrysler. DaimlerChrysler is looking towards a rosy future after the sale of its U.S. arm Chrysler, the car maker's chief executive told a German newspaper."The coming years are going to be good," Dieter Zetsche was quoted in Germany's daily Der Tagesspiegel in an article to be published on Monday.DaimlerChrysler announced in May it would sell an 80.1-percent stake in Chrysler Group to private equity firm Cerberus Capital Management, unwinding the 1998 merger of Daimler-Benz and Chrysler that never worked out as planned.

For more information on this topic introduced on Colombo DiSalvatore business news please visit the following link:

http://today.reuters.com/news/articlenews.aspx?type=businessNews&storyid=2007-06-24T164511Z_01_L24717791_RTRUKOC_0_US-DAIMLERCHRYSLER-OUTLOOK.xml

© 2007 Colombo DiSalvatore, Disalvatore business today. All rights reserved

Colombo DiSalvatore – Yahoo Reorganizes

Colombo DiSalvatore business highlight topic today is on Yahoo. Yahoo Inc. said on Sunday the Internet media company was merging the two main parts of its U.S.advertising business under one sales executive, David Karnstedt, and that veteran advertising sales executive Wenda Harris-Millard has left the company. Recently elevated Yahoo President Susan Decker said in a phone interview that the consolidation of Yahoo's two advertising arms -- display and Web search advertising -- reflects growing demand by customers for campaigns that combine both types of ads, with newer types of video advertisements.

For more information on this topic introduced on Colombo DiSalvatore business news please visit the following link:

http://today.reuters.com/news/articlenews.aspx?type=businessNews&storyid=2007-06-24T210918Z_01_N24253096_RTRUKOC_0_US-YAHOO-ADVERTISING.xml

© 2007 Colombo DiSalvatore, Disalvatore business today. All rights reserved

Colombo DiSalvatore – Home Depot Stock

Colombo DiSalvatore business highlight topic today is on stocks. Home improvement retailer Home Depot Inc. on Tuesday said it would repurchase $22.5 billion in stock and sell its supply division to three private equity firms for $10.3 billion as it refocuses on its core retail business. The sale of HD Supply to Bain Capital Partners, Carlyle Group and Clayton, Dubilier & Rice unloads a business built up by the home improvement retailer's former chief executive. Shares of Home Depot rose 3.5 percent to $39.60 in after-hours trading on news the company would repurchase $22.5 billion in stock, or nearly one-third its total market capitalization of $74.9 billion, "as soon as practical."

For more information on this topic introduced on Colombo DiSalvatore business news please visit the following link:

http://today.reuters.com/news/articlenews.aspx?type=businessNews&storyid=2007-06-19T224805Z_01_N19462138_RTRUKOC_0_US-HOMEDEPOT-SUPPLY.xml

© 2007 Colombo DiSalvatore, Disalvatore business today. All rights reserved

Colombo DiSalvatore – Taxation of Private Equity Firms

Colombo DiSalvatore business highlight topic today is on taxes. Blackstone Group LP, which is preparing to go public later this month, said on Friday that proposed U.S. Senate legislation on the taxation of private equity firms could materially reduce earnings and lower the partnership's value. The big private equity firm expressed its concern a day after the leaders of the Senate Finance Committee proposed a bill to tax private equity firms that go public like corporations, potentially more than doubling their effective tax rate to 35 percent from 15 percent.

For more information on this topic introduced on Colombo DiSalvatore business news please visit the following link:

http://today.reuters.com/news/articlenews.aspx?type=businessNews&storyid=2007-06-16T013555Z_01_N15377048_RTRUKOC_0_US-BLACKSTONE-LIABILITY.xml

© 2007 Colombo DiSalvatore, Disalvatore business today. All rights reserved

Colombo DiSalvatore – 30 year mortgage rates

Colombo DiSalvatore business highlight topic today is on mortgages. Mortgage rates extended their climb for the fifth straight week, skyrocketing to highs not seen in nearly a year, according to a weekly survey released by finance company Freddie Mac on Thursday. This week's jump in average interest rates on thirty-year mortgages, to 6.74 percent from 6.53 percent last week, was the largest in three years, Freddie Mac said. It was spurred by concerns about inflation and strength in consumer and business spending, the mortgage giant said. The last time the rates were higher was the July 20 week in 2006, when they averaged 6.80 percent. The 30-year mortgage rates, the benchmark for the mortgage industry, have surged by 0.59 of a percentage point from 6.15 percent in the week ending on May 15.

For more information on this topic introduced on Colombo DiSalvatore business news please visit the following link:

http://today.reuters.com/news/articlenews.aspx?type=businessNews&storyid=2007-06-14T163313Z_01_N14466576_RTRUKOC_0_US-USA-MORTGAGES-RATES.xml

© 2007 Colombo DiSalvatore, Disalvatore business today. All rights reserved

Colombo DiSalvatore – Expanding Economy

Colombo DiSalvatore business highlight topic today is the economy. U.S. economic activity expanded from mid-April through May, with some regions reporting stronger growth, the Federal Reserve said on Wednesday. Separately, a Fed official called the rise in U.S. Treasury debt yields part of a global phenomenon of higher interest rates and said the Fed would stay focused on fighting inflation. "Our job in terms of dealing with expectations or underlying forces that give rise to inflation impulses will continue regardless of what happens in the marketplace," Dallas Fed President Richard Fisher said.

For more information on this topic introduced on Colombo DiSalvatore business news please visit the following link:

http://today.reuters.com/news/articlenews.aspx?type=businessNews&storyid=2007-06-14T004910Z_01_N13402585_RTRUKOC_0_US-USA-FED.xml

© 2007 Colombo DiSalvatore, Disalvatore business today. All rights reserved

Colombo DiSalvatore – Wal-Mart Sales

Colombo DiSalvatore business highlight topic today is Wal-Mart. Wal-Mart Stores Inc. reported May sales at U.S.stores open at least a year toward the low end of its forecast and gave a cautious view for its June sales on Thursday, adding that shopper worries about gas prices have increased from January through April. The world's largest retailer, which has been struggling with lackluster sales at its U.S.stores, also said sales in its apparel and home businesses continue to be soft. While it expects to see improvement in these categories beginning in the third quarter, it said "more significant" progress is anticipated during the fourth quarter.

For more information on this topic introduced on Colombo DiSalvatore business news please visit the following link:

http://today.reuters.com/news/articlenews.aspx?type=businessNews&storyid=2007-06-07T145222Z_01_WNAS3406_RTRUKOC_0_US-WALMART-SALES.xml

© 2007 Colombo DiSalvatore, Disalvatore business today. All rights reserved