Money Matters - Simplified


A Fool Looks Back

It's earnings season, and the quarterly reports have been largely positive this week.

U.S. markets mixed

New York -- U.S. markets were mixed Friday with the third-quarter reporting season showing decidedly uneven results so far.

In the current week's reports, Gary Jenkins, head of fixed income at Evolution Securities, said a majority of reports -- 85 out of 103 -- showed that earnings beat expectations, but only 46 of those reported revenue that exceeded expectations, The Wall Street Journal reported.

In early afternoon trading the Dow Jones industrial average lost 28.46 points, 0.26 percent, to 11,118.11. The Standard & Poor's 500 gained 0.07 percent, 0.37, to 1,180.63. The Nasdaq composite index rose 0.56 percent, 13.86, to 2,473.53.

The benchmark 10-year treasury note fell 7/32, to yield 2.565 percent.

Women more likely to believe in climate change than men--study

Challenging the age old belief that men understand science better, a new study has revealed that women not only have a good understanding of science but are also more likely than men to believe in climate change science.

EPA: Dispersants no more toxic than oil

Washington -- Results of toxicity testing on dispersants used in the gulf oil spill found them no more toxic than they oil they disperse, U.S. officials say.

The Environmental Protection Agency published peer-reviewed results from the second phase of its independent toxicity testing on mixtures of eight oil dispersants, an agency release said Monday.

The dispersant used by BP in response to the oil spill in the gulf, Corexit 9500A, when mixed with oil, is generally no more or less toxic than mixtures with the other available alternatives, the report said.

The results indicate dispersant-oil mixtures are generally no more toxic to the aquatic test species than oil alone.

Ford’s profit swell in 1st six months of 2010

Financial results clearly indicate that the turnaround at Ford is picking up steam.

Office, Windows boost Microsoft’s profit

Buoyed by phenomenal sales of Window 7, whose 175 million licenses have been sold since the product was released last year, Microsoft rumbled to record sales in the last quarter.

3 big banks' Q2 results stir up growth concerns

The second-quarter results announced by the three biggest U.S. banks disappoint.

A New Way for Twitter to Make Money

It's never too late for an early bird special -- especially if it means another way for Twitter to monetize its growing traffic.

Intel reports robust Q2 results

Intel, the world's largest chip maker, has reported earnings that have not only beat analysts’ expectations but are also being pegged as the company’s “best" quarterly results.

Report: USC receives results of NCAA probe

Los Angeles -- The NCAA has given the University of Southern California results of its investigation into alleged player recruiting violations, the Los Angeles Times reported.

The Times said the school has been made aware of the results of the probe and also told whether there will be further sanctions imposed.

A spokesman for the school said there would be no comment until the NCAA announces its findings.

The investigation dealt with former USC athletes Reggie Bush and O.J. Mayo. Bush, the 2005 Heisman Trophy winner and now on the roster of the New Orleans Saints, reportedly accepted gifts in violation of NCAA rules. Mayo, a member of the Memphis Grizzlies, allegedly was guided to USC by a friend who received cash for helping in the recruiting process.