Apple sells over a million iPhone 3GS in three days
In New York Apple announced the iPhone 3GS sold more than one million units in the first three days after Friday's U S and seven other country launch. Piper Jaffray's Gene Munster predicted half a million 3G sales in three days but demand exceeded expectations. Steve Jobs hailed the response as customers voting for the device while he plans to return to work at month’s end after his medical leave.
MENTIONED IN THIS ARTICLE
New York
Apple Inc
U.S
Piper Jaffray
Gene Munster
Cupertino
Calif
Steve Jobs
Apple
Jobs
Madoff linked firm charged with securities fraud
U S authorities charge Cohmad Securities and executives Maurice Cohn Natta Cohn and Robert Jaffe along with Beverly Hills adviser Stanley Chais in a civil fraud case. Regulators say they steered billions to Bernard Madoff’s Ponzi scheme by promoting exclusive access to investors. Cohmad and Chais allegedly earned most revenue by linking clients to Madoff.
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Washington, D.C
New York
Bernard Madoff
California
Madoff
Securities and Exchange Commission
Cohmad Securities
Maurice
Sonny” Cohn
Ofte Natta Cohn
Robert Jaffe
SEC
Stanley Chais
Beverly Hills
Cohmad
Chais
World Bank forecast sinks stocks to monthly lows
Stocks fell more than two percent as the World Bank cut its 2009 global GDP outlook to a 2.9 percent shrinkage from a prior 1.7 percent projection. The gloomy outlook pulled down the Dow Jones by 201 points and pushed energy and materials shares lower.
MENTIONED IN THIS ARTICLE
New York
World Bank
Detroit improves quality but Toyota remains leader in JD Power study
Ford General Motors and Chrysler show 10 percent gain in initial 2009 model quality but still trail top foreign brands. Lexus tops the study with 90 day ownership reliability, while Toyota earns 10 segment awards and a top plant honor in Higashi Fuji. Chrysler shows gains but no above-average brands and plans to discontinue the PT Cruiser Wagon.
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New York
Ford
General Motors
Chrysler
J.D. Power and Associates
Detroit
David Sargent
J.D. Power
Lexus
Toyota Motor Corp
Porsche
Cadillac
Hyundai
Honda
Toyota
General Motors Corp
Higashi- Fuji
Japan
Power
Mini
Gas and oil prices fall as supplies rise
New York gas prices dip for the first time in nearly two months, with the national average at 2.69 a gallon. Benchmark crude for July fell 2.62 to 66.93 dollars, and the August contract slid to 67.50 as traders shift away from July. The World Bank warned the global economy could shrink more than prior estimates.
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New York
World Bank
New York Mercantile Exchange
Auto Club Aaa
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