- [$$] Apple Shares Close at Record, Top Google Over 10 Years[at The Wall Street Journal] - AppleInc.'s stock price jumped above $100 on Tuesday and surpassed its split-adjusted closing record high.(20 Aug 2014 04:23:25)
- [$$] AT&T Gigabit Service to Land on Google's Turf[at The Wall Street Journal] - AT&T is bringing its GigaPower Internet service to Apple's hometown and a few miles from Google's doorstep in a race to wire the nation with ultrafast fiber optic cables.(20 Aug 2014 04:22:48)
- [$$] Steve Ballmer Steps Down From Microsoft Board[at The Wall Street Journal] - Former Microsoft CEO Steve Ballmer quit his post as a company director after 14 years, giving new CEO Satya Nadella an even freer hand to reshape the company.(20 Aug 2014 04:22:26)
- Steve Ballmer Leaves Microsoft’s Board After Departure as CEO[Bloomberg] - Steve Ballmer resigned from Microsoft Corp. (MSFT)'s board, eight months after his departure as chief executive officer, ending more than three decades of direct involvement in the world's largest software maker. Ballmer, 58, remains Microsoft's top individual shareholder. He had initially remained as a director after handing the top job over to one of his deputies, Satya Nadella, in February. Ballmer recently bought the Los Angeles Clippers for $2 billion and appeared in front of the team and fans this week, vowing to lift the team to "higher heights" and promising not to micromanage.(20 Aug 2014 04:01:00)
- AT&T Plots Zippiest Internet Speed in Google’s Backyard[at Bloomberg] - AT&T Inc. (T) is out to beat Google Inc. (GOOG) in a race to deliver some of the fastest Internet speeds in the country to residential users in the U.S. AT&T got the green light from Cupertino, California, to begin work on its GigaPower fiber-optic-based home Internet service there. The hometown of Apple Inc., near the Mountain View headquarters of Google, will be the first city in California to receive AT&T’s 1-gigabit-a-second offering and is one of four in the Silicon Valley where Dallas-based AT&T is pursuing plans for the service.(20 Aug 2014 04:00:00)
- Steve Ballmer steps down from Microsoft board(20 Aug 2014 02:46:05)
- In Need of Rewiring(20 Aug 2014 01:37:38)
- Ex-CEO Ballmer quits Microsoft board to focus on NBA's Clippers(20 Aug 2014 00:15:37)
- Ex-CEO Ballmer quits Microsoft board to focus on NBA's Clippers[Reuters] - Former Microsoft Corp Chief Executive Steve Ballmer has left the software company's board in order to spend more time on his newly acquired Los Angeles Clippers basketball team, but said he plans to hang on to his 4 percent stake in Microsoft. "I see a combination of the Clippers, civic contribution, teaching and study taking a lot of time," Ballmer said in a letter to Microsoft CEO Satya Nadella made public by Microsoft on Tuesday. Ballmer, 58, paid an NBA-record $2 billion for the Clippers.(20 Aug 2014 00:15:37)
- How Microsoft Can Pivot Windows Phone Into A Relevant And Respectable Smartphone Platform[at Forbes] - As HTC launches the HTC One running Windows Phone, is there still a place for Microsoft's mobile operating system? Yes there is. It might not be glamorous, but three areas of focus could bring a respectable amount of credibility to the platform.(19 Aug 2014 23:59:00)
The Standard & Poor’s 500 (S&P 500) is the main US index, and the largest index in the world. It is used as a global barometer for the world markets. All major investment funds, hedge funds, and investment portfolios are benchmarked again the S&P 500.
It is comprised of the 500 largest US companies, and a significant portion of the overall the United States of America’s market capitalization. The index is not based on any one sector, so it is seen as the best overall signal of the US market.
The index is free-floating and capitalization-weighted, and broken down into individual market sectors; consumer non-cyclical, consumer cyclical, financial, energy, technology, communications, industrial, basic materials and utilities.