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Accenture Ltd. (ACN)

Accenture (NYSE:ACN) has completed its acquisition of the professional services unit of Nokia (NOK) responsible for providing engineering and support of the Symbian operating system to mobile device manufacturers and service providers. The Symbian operating system is the world’s most widely used platform for smartphones.
The acquired unit will focus on providing global companies with a broad range of embedded software services and capabilities for mobile devices and will be called Accenture Embedded Mobility Services. The new capabilities will complement and enhance the product engineering and software development services that Accenture already provides to global clients today, helping to reduce development costs and time to market while enhancing product quality and functionality.

Oct 16 · 11:00:00 AM · Source: Business Wire
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by Larry Etter

Dell (DELL)

In advance of the worldwide launch of Windows 7 next week, Dell is unveiling a new series of Windows 7 consulting, management and support services to help companies and organizations better prepare migration plans to the new operating system.
The consulting and services offerings are designed to help businesses of any size efficiently migrate to Windows 7 with fixed-scope consulting engagements to help them save money and time.

Oct 16 · 10:56:00 AM · Source: Business Wire
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by Larry Etter

Mattel (MAT)

Mattel Inc.'s (MAT) today reported third-quarter earnings fell 3.5% amid weak international Barbie sales, a lack of entertainment-inspired toys and unfavorable foreign-exchange rates. Sales slid 8%.
But the world's largest toy maker has cut inventories and tightly managed its balance sheet, offering hope that it will benefit in the fourth quarter as retailers continue to stock their own shelves for the holidays.

Oct 16 · 10:49:00 AM · Source: Dow Jones
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by Larry Etter

Amazon (AMZN)

The price war between Amazon.com and Wall-Mart escalated today as Amazon.com slashed its price on top-10 pre-orders for November to $9 to match Wall-Mart’s already slashed price.
Wal-Mart said the tactic to discount pre-orders of popular books was part of a larger strategy to establish Walmart.com as the biggest and cheapest online retailer.

Oct 16 · 10:46:00 AM · Source: The Wall Street Journal · Related: Walmart
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by Michael Oliveto

Bank of America (BAC)

Bank of America today reported a third-quarter 2009 net loss of $1.0 billion. After deducting preferred dividends of $1.2 billion, including $893 million related to dividends paid to the U.S. government, the diluted loss per share was $0.26. Those results compared with net income of $1.2 billion, or diluted earnings per share of $0.15, during the year-ago period. Through the first nine months of the year, the company had net income of $6.5 billion, or $0.39 per share after preferred dividends, compared with $5.8 billion, or $1.09 per share a year earlier.
"The company's core performance was impacted by a number of non-core items," said Chief Executive Officer and President Kenneth D. Lewis. "The market's improved view of Bank of America's credit cost the company due to non-cash marks on liabilities. "Excluding those items, our revenue continued to hold up well," Lewis said. "Obviously, credit costs remain high, and that is our major financial challenge going forward. However, we are heartened by early positive signs, such as the leveling of delinquencies among our credit card customers."

Oct 16 · 8:08:00 AM · Source: Press Release
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by Rich Pike

GE (GE)

GE announced today third-quarter 2009 earnings from continuing operations of $2.5 billion, or $0.22 per share, including the effect of $0.05 in restructuring and other charges, down 51% from the third quarter of 2008. Revenues fell 20% to $37.8 billion.

Oct 16 · 8:01:00 AM · Source: Business Wire
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by Rich Pike

Social Security

More than 50 million Social Security recipients will see no increase in their monthly payments next year, the government said Thursday, the first year without an increase since automatic adjustments were adopted in 1975.
This could boost President Barack Obama's plan to send seniors another round of $250 payments before the congressional elections.

Oct 15 · 8:35:00 PM · Source: Yahoo.com
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by Rich Pike