GM Kills $10 Million Facebook Ad Campaign Because It Didn't Work
JCPenney's Ron Johnson: 'Customers Don't Get Our Pricing Strategy'
Apple Computer, Inc. (NASDAQ: AAPL) ended the day at $74.83, down 55 cents and 0.73%. The day after finding out that Steve Jobs did know about options backdating, and the stock more or less remained rather steady, all things considered. Yesterday I did predict a slump based on the news, but Steve Jobs apology to shareholders seems to have set the right tone. It was a much smaller market reaction than I would have thought. Couple that with CFO Anderson's resignation over the incident, and one has to wonder if this bump is over, or just beginning.The market seems to be reacting the same way James Grossman at Thrivent Financial: "It doesn't change how many iPods or MacBook Pros they're going to sell." But with many news outlets only just now getting the news out, tomorrow will be another day to watch and see if the slump will continue.
Goldman Earnings Sink After Buffett Dividend
Johnson & Johnson's Income Falls 23%
Burberry Shares Leap on Sales Update
