Apple's Quarterly Revenue Predicted To Fall Short of Average Estimates

Tech | Reuters
File photo of an Apple logo hanging above the entrance to the Apple store on 5th Avenue in the Manhattan borough of New York City

Apple Inc ‘expected to report quarterly revenue slightly below Wall Street’s average estimates’

Nobody in the agriculture world defaults anymore - BI

Business | InternAdmin
John Deere

Tractor maker Deere is out with its latest earnings

States and cities face 'day of reckoning' in 2011 - TheDC

US | interns

As billions in stimulus aid dry up, state and local governments face serious financial crisis

Morgan Stanley on government defaults: when, not if - Bloomberg

Business | interns

Financial services giant predicts bleak future for recovery

Businessman hid thousands in his aunt's grave - The Telegraph

| interns

British man planned to leave the cash in the local church cemetery until the 20-year time-limit for tax investigations had passed, before digging it up

Goldman Sachs profit drops 82%, missing estimates - WAPO

Business | interns

Goldman Sachs said 2nd-quarter profit dropped 82%, missing analysts’ estimates on a slide in trading revenue

Overdraft-fee rules change ... sort of - LAT

Business | interns

Overdraft fees are one of the banking industry’s most profitable and consumer-unfriendly business practices. Banks currently generate about $38 billion annually from service charges on deposits

UPS continues to reduce staff despite increased profit - Atlanta Journal-Constitution

Business | Julia McClatchy (admin)

The company posted revenue of $12.4 billion for the quarter, a decrease of 2.5 percent, but profits of $757 million, an increase of nearly 200 percent

AMD shares decline, concerned that PC growth has peaked

Business | AJ

Advanced Micro Devices Inc., the second-largest maker of personal-computer processors, declined as much as 6.6 percent in early U.S. trading on concern the chipmaker will struggle to maintain sales gains. Revenue rose 42 percent to $1.65 billion last quarter on surging sales of personal-computer processors and graphics chips, AMD said in a statement. Analysts had projected $1.5 billion, according to a Bloomberg survey.

Schwarzenegger doesn't want a bailout - just $6.9 billion in taxes

Politics | Aleksandra Kulczuga

Other plans to raise money include installing traffic cameras to catch drivers exceeding the speed limit by 15 miles per hour — a program projected to bring in revenues of $400 million