Colombo Disalvatore

Colombo DiSalvatore – Home Sales

Colombo DiSalvatore business highlight topic today is home sales. Home sales and a report on economic growth may help investors decide if they want to keep riding a bull market in stocks, while a torrent of quarterly earnings reports will no doubt cause some anxious moments. A sharp drop in shares of equipment-maker Caterpillar Inc. on Friday showed just how badly a stock can be hurt when there is an earnings shortfall. The company reported an earnings decline that was greater than expected. The stock fell 4.4 percent and spoiled the Dow's day.

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=2007-07-21T022644Z_01_N01357735_RTRUKOC_0_US-COLUMN-STOCKS-OUTLOOK.xml

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

Colombo DiSalvatore – Dow Jones Proposal

Colombo DiSalvatore business highlight topic today is on Dow Jones. Internet entrepreneur Brad Greenspan outlined a new proposal on Friday to keep Dow Jones & Co Inc out of Rupert Murdoch's hands, saying his plan could help boost the stock price to above $100. Urging shareholders to reject Murdoch's $5 billion takeover bid, Greenspan offered to lend members of the Bancroft family, which controls Dow Jones, $400 million to $600 million to buy out other Bancrofts who want to cash out at $60 per share -- the price Murdoch's News Corp has offered. In exchange, Greenspan said he would get two board seats and the rights to all value created in the stock above $60 per share.

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=2007-07-21T024611Z_01_WEN9515_RTRUKOC_0_US-DOWJONES-GREENSPAN.xml

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

Colombo DiSalvatore – Stearns sued over subprime funds

Colombo DiSalvatore business highlight topic today is on subprime funds. Investors in Bear Stearns Cos. hedge funds that were virtually wiped out from large bets on risky mortgages are planning to sue the company as early as Monday, television channel CNBC reported on Friday. The lawsuit will be brought by the firm of Bernstein Litowitz Berger and Grossman LLP, which represented investors against WorldCom Inc. over a massive accounting fraud, CNBC said. According to CNBC, the lawsuit will allege Bear Stearns made material misrepresentations in offering documents, misrepresented risks of the hedge funds in those documents, and misrepresented its ability to control those risks.

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=2007-07-21T030057Z_01_N20274953_RTRUKOC_0_US-BEARSTEARNS-LAWSUIT.xml

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

Colombo DiSalvatore – Dow Jones Alternative Bid

Colombo DiSalvatore business highlight topic today is on Dow Jones. Dow Jones & Co. (DJ.N: Quote, Profile , Research), in talks over a takeover by News Corp. (NWSa.N: Quote, Profile , Research), met with supermarket magnate Ron Burkle and Internet entrepreneur Brad Greenspan on Tuesday in an effort to find an alternative offer, a source familiar with the situation said. Burkle and Greenspan met with members of an ad hoc committee of Dow Jones's board members in

New York

in the late afternoon on Tuesday to jointly discuss ideas for a rival bid. "They came and presented at least one idea for a possible transaction," the source 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=2007-07-11T015633Z_01_N10254908_RTRUKOC_0_US-DOWJONES-BURKLE.xml

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

Colombo DiSalvatore – Bank and Brokers Shares Fall

Colombo DiSalvatore business highlight topic today is on share prices.

Subprime woes affect bank and brokers shares.

The shares of

U.S.

commercial and investment banks fell on Tuesday after two bond rating agencies started to downgrade billions of dollars of securities backed by subprime bonds, triggering concerns that bond sales and lending businesses could slow. Declines were led by banks perceived to have high exposure to mortgages and other fixed income businesses, including Lehman Brothers Holdings Inc. which fell 5 percent, and Bear Stearns Cos. which fell as much as 4.1 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=2007-07-10T230128Z_01_N10349349_RTRUKOC_0_US-FINANCIAL-SHARES.xml

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

Colombo DiSalvatore – Home Depot

Colombo DiSalvatore business highlight topic today is on Home Depot. Home Depot Inc. (HD.N: Quote, Profile , Research) forecast a bigger decline in 2007 profits on Tuesday, citing weakness in the U.S. housing market and the sale of its supply unit. The home improvement industry leader said it expected full-year profit to fall 15 percent to 18 percent to a range of $2.30 to $2.36 per share. In May, Home Depot said earnings per share would fall 9 percent this year to $2.54. In February, Home Depot had projected a 4 to 9 percent decline in per-share earnings.

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=2007-07-10T172306Z_01_WEN9235_RTRUKOC_0_US-HOMEDEPOT-OUTLOOK.xml

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

Colombo DiSalvatore – Dell’s Come Back

Colombo DiSalvatore business highlight topic today is on Dell.

Dell Inc has made progress in its turnaround efforts but still has "a long way to go" to spur personal computer sales and regain lost market share, Chief Executive Michael Dell said on Tuesday. Dell, who retook the CEO job in January after sales growth slumped, said the company's strategy includes hiring "new talent," striking partnerships, making acquisitions and controlling spending. "We are making steady progress, but there is a lot to be done," Dell, founder of the Round Rock,

Texas

company, said at an event to introduce a new brand of personal computers designed for small businesses.

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=2007-07-10T192009Z_01_WEN9248_RTRUKOC_0_US-DELL-CEO.xml

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

Colombo DiSalvatore – Inflation

Colombo DiSalvatore business highlight topic today is on inflation. Swings in volatile energy and food prices will have minimal impact on inflation as long as expectations of future price gains are held steady, Federal Reserve Chairman Ben Bernanke said on Tuesday. "If inflation expectations are well anchored, changes in energy (and food) prices should have relatively little influence on 'core' inflation, that is, inflation excluding the prices of food and energy," Bernanke told the National Bureau of Economic Research.

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=2007-07-10T184024Z_01_WAT007855_RTRUKOC_0_US-USA-FED-BERNANKE.xml

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

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