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Financial News Network

Financial News Network

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What's In The News: July 12, 2012

2y ago
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From Fnno.com, This is the financial news network. Here's what's in the news for Thursday July 12, 2012. The Wall Street Journal reports Fed officials sent new signals they are seriously considering more actions to bolster the economic recovery, but disappointed many investors by not indicating they are committed to taking action. The Wall Street Journal also reports growth stalled for PCs in Q2, according to research firms Gartner Inc. (NYSE:IT) and International Data Corp., despite heavy marketing by Intel (NASDAQ:INTC) and its customers to push Ultrabooks into the market. Reuters reports Boeing (NYSE:BA) and Airbus (PINK:EADSY) have orders for over 8,000 aircraft, enough to keep them busy for six years, but their ability to meet the demand on time rests with their suppliers, and it is far from certain they will be able to cope. Bloomberg reports JPMorgan (NYSE:JPM) scored the largest number of highly ranked analysts, making it the number one firm in U.S. equities research, according to a ranking of U.S. stock analysts by consulting firm Greenwich Associates in association with Bloomberg Markets. Bank of America (NYSE:BAC) was second, followed by Morgan Stanley (NYSE:MS). Finally, Bloomberg also reports the SEC voted to require exchanges and a broker oversight group to build a single system to monitor and analyze trading activity across U.S. equity and options markets, approving a rule requiring the exchanges and the Financial Industry Regulatory Authority, which oversees 4,400 brokers, to establish a so-called consolidated audit trail.