Wednesday, February 27, 2008

Channel3000 Midday Market Report

Channel3000.com
Channel3000 Midday Market Report
  Today's Headlines
Bill Gates
The European Union fined Microsoft Corp. a record $1.3 billion on Wednesday for charging rivals too much for software information. More Details







  Features From Smart Money
While everyone else frets about the economy, grain farmers are harvesting big bucks.

If you refinanced your mortgage in 2006, make sure you get all your rightful tax breaks.

Data showing web surfers bypassing the search giant's ads sparks a selloff.

There's a sucker's rally born every minute. Don't get taken in by the latest one.

Credit cards are deeming more consumers risky, resulting in higher rates and lower limits.

Stocks climbed after Fed Chairman Ben Bernanke says 'downside risks to growth remain.'

Federal Reserve Chairman Ben Bernanke Wednesday delivered an economic forecast fraught with risks from housing, labor and credit markets, suggesting policymakers remain on track to lower interest rates...

New-home sales took their third tumble in a row during January, sinking to the lowest point since early 1995. Meanwhile, durable-goods orders fell 5.3% in January, more than economists were expecting....

The euro sprang to another all-time high against the dollar Wednesday in New York after U.S. data came in weaker than expected and U.S. stock markets opened the session lower....

...

The European Commission Wednesday fined Microsoft Corp. (MSFT) a record EUR899 million, or $1.35 billion, for failing to comply with the commission's 2004 antitrust ruling....

Autodesk Inc. on Tuesday posted a slight fourth-quarter profit gain that fell short of Wall Street analysts' estimates and lowered its outlook for the current year, sending shares more than 10% lower in after-hours trading....

Demand for expensive goods tumbled during January and a barometer of capital spending by businesses slumped, an indication the sluggish economy might be restraining companies....


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