Tag Archive | "robert gibbs"

Market News: Google Inc. (NASDAQ:GOOG), Microsoft Corp. (NASDAQ:MSFT), Apple Inc. (NASDAQ:AAPL)

Market News: Google Inc. (NASDAQ:GOOG), Microsoft Corp. (NASDAQ:MSFT), Apple Inc. (NASDAQ:AAPL)

Here is another batch of news briefings which could affect stocks on world markets in trading later today.

The following companies should see some movement: Google Inc. (NASDAQ:GOOG), Microsoft Corp. (NASDAQ:MSFT), Apple Inc. (NASDAQ:AAPL).

Here is a more detailed look at the news that will affect each company when trading continues.

Google Inc. (NASDAQ:GOOG)

Google Inc. (NASDAQ:GOOG)

Google Inc. (NASDAQ:GOOG) has launched a standalone YouTube application for Froyo.

On a move to split one more application from the Android platform, Google Inc. (NASDAQ:GOOG) has released Froyo as another standalone application.  The search engine giant had come up with a separate Gmail client last month.

The newest application is available for handsets running on Android 2.2 or above. It was reported that the updated features include in-page playback, the option that allows users to read comments while watching videos.

Other notable features include the option to rotate to full screen, home screen personalization, and shooting videos and uploading them directly from the application rather than opening a separate camera client.

Microsoft Corp. (NASDAQ:MSFT)

Microsoft Corp. (NASDAQ:MSFT)

Microsoft Corporation (NASDAQ:MSFT) has sold 240 Million licenses of Windows 7 in the first year.

Brandon LeBlanc, a Windows Communications Manager at Microsoft Corporation (NASDAQ:MSFT), wrote in a blog post that the company could sell 240 Million licenses in a single year, making Windows 7 as the fastest selling operating system in the history.

LeBlanc said that “Six months after launch, 100% (over 18,000) of our OEM partners were selling Windows 7 PCs versus 70% for Windows Vista PCs at a comparable time period.

And there is an incredible ecosystem of products – software and hardware – that work great with Windows 7 too.”

Apple Inc. (NASDAQ:AAPL)

Apple Inc. (NASDAQ:AAPL)

President Obama has met with Apple Inc. (NASDAQ:AAPL) CEO Steve Jobs for a policy discussion.

Robert Gibbs, a White House spokesperson, said that the president met the Mac maker’s CEO on Thursday afternoon in San Francisco.

Gibbs said in his statement “They discussed American competitiveness and education, especially reforms such as the President’s Race to the Top initiative.”

It was also said that Obama and Jobs discussed energy independence and ways to increase job creation.

“I think they last met … along the trail in the 2008 (presidential) campaign,” Gibbs added.

Expect more movement when trading continues for Google Inc. (NASDAQ:GOOG), Microsoft Corp. (NASDAQ:MSFT) and Apple Inc. (NASDAQ:AAPL).

Posted in Roundups, StocksComments (0)

Obama Recommends Extending Unemployment Benefits

Tejinder Singh – AHN News Correspondent

Washington, D.C., United States (AHN) – President Barack Obama is set to continue unemployment benefits further, the White House told journalists at the regular briefing time on Monday.

Obama Recommends Extending Unemployment Benefits

White House Press Secretary Robert Gibbs on Monday confirmed to the press the suggestions that President Barack Obama will request another extension of unemployment benefits following the ones that the Senate is set to vote and pass on Tuesday.

"If the unemployment rate stays where I think we all expect it to … we may need to extend those benefits, yes," Gibbs said.

Gibbs argued that the unemployment benefits money gets channeled back into national economy and defended the president's approach, calling unemployment benefits "emergency spending" at a time when the unemployment rate is 9.5%.

There was no clear-cut answer to the question of when that rate would be considered as tolerable but Gibbs expected it to continue at the end of November, when the soon-to-be-passed round of unemployment benefits expire.

Gibbs noted, "I think it is fair and safe to assume that we are not going to wake up and find ourselves at the end of November at a rate of employment one would not consider to be an emergency."

The current jobless rate of 9.5% reflects the aftershocks of the worst recession since the Great Depression of the 1930s, Gibbs said.

"You see that the recession affects not just some lower skilled manufacturing jobs, as you might have seen in previous recessions, but you see the impact across the economic spectrum," he added.

Gibbs was addressing journalists at his regular press briefing just hours after Obama lambasted Republican Party for holding up the existing proposal to extend unemployment benefits. "It's time to do what's right," Obama said earlier on Monday, "not for the next election, but for the middle class."

Article © AHN – All Rights Reserved

Posted in News, Personal FinanceComments (0)


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