Best of the Blogs: BlackBerry 10 Is Proof That RIM Still Doesn't Get It
By Kathleen Culliton May 02, 2012 11:55 am
Minyanville's daily roundup of some of the best financial commentary from around the Web.
This column highlights the most interesting and useful business and financial commentary from around the Web each day. Use our comments section to post your own suggestions for blog content that you've read or written.
"So far at BlackBerry World, there hasn't been much talk about the 'enterprise refocus' that Research In Motion (RIMM) CEO Thorsten Heins made headlines with at the company's last earnings call. At all the meetings, panels and keynotes I've attended so far, it's been clear the siren call of the consumer market still commands a large portion of RIM's attention. Take one example: The way-cool time-shifting camera functions in BlackBerry 10 that Heins showed off in his keynote." (Also read Exploring Both Sides of the RIM Trade.)
The Guardian: Apps Blog
"Spotify finally has an iPad app. The streaming music service has launched a native app for Apple's (AAPL) tablet, following in the footsteps of rivals Rdio, Mog and Deezer. Journalists and subscribers alike have been asking Spotify about its iPad plans for some time, with the topic even overshadowing the company's recent Coca-Cola (KO) branding partnership announcement. The iPad app is free to download, but like the company's existing mobile apps, requires a premium subscription to use."
Huffington Post: The Blog
Link: The Tinder-Box Society
"The Dow Jones Industrial Average (^DJI) hit 13,338 Tuesday, its highest since December, 2007. The S&P 500 (SPY) added 16 points. Wall Street will remember May 1 as a great day. But most of these gains are going to the richest 10% of Americans who own 90% of the shares traded on Wall Street. And the lion's share of the gains are going to the wealthiest 1%. Shares are up because corporate profits are up, and profits are up largely because companies have figured out how to do more with less."
NPR: Planet Money
"In the past week, the debate over how Europe can save itself has shifted away from austerity (government spending cuts) and toward policies that would slow spending cuts and try to promote economic growth. There have been a few big drivers of this shift. It became clear that Francois Hollande, a Socialist who says he would push for more growth in Europe, is likely to be the next president of France." (For related content, see The Escalating War on Transnationalism.)
New York Times: Deal Book
"UBS (UBS) said on Wednesday that profit fell 54% in the first three months of the year after investment banking income dropped and the Swiss bank took an accounting charge on its own debt. Net income fell to 827 million Swiss francs ($910 million) in the first quarter from 1.8 billion francs in the period a year earlier. Operating income fell 22% , to 6.5 billion francs." (Also read Are Poor Results From UBS a Bad Omen for Europe?)
No positions in stocks mentioned.
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