Tuesday, August 30, 2011

Brightbridge Wealth Management Headlines: Investors fear stock markets haven’t hit bottom

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The Dow closing down 512.76 points to 11,383.68 will rank as one of the Top 10 worst single-day point drops in the stock index’s history, and has left many financial experts asking if the worst is yet to come.
The stock markets posted some of the worst drops in years Thursday as investors' fears over a slowing global economy sparked a sell-off on Wall Street.
Some analysts are questioning whether Wall Street’s expectations for corporate earnings for the third quarter are too high and may have to be pulled back. If that happens, it could be a wave of negative news that drives stocks down lower.
Bruce McCain, chief investment strategist at Key Private Bank, told MarketWatch that investors are worried about how to “get out of this roller coaster of the relentless onslaught of bad news.”
“We’re just worrying ourselves to death,” McCain told the online news site.
Bill Stone, chief investment strategist atPNC Financial Services Group , told the Associated Press that investors continue to be bombarded by worries about the global economy.
And Sam Stovall, chief investment strategist at Standard & Poor’s , told the New York Times that stock markets are now in correction mode, and that there could be “another couple of weeks to go before it bottoms.”

Brightbridge Wealth Management Headlines: Google cuts deal for Dealmap

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Can I get a discount for some Groupon envy treatment?
Google has acquired Dealmap, a California-based startup that will fuel Mountain View’s efforts to mimic Groupon.
Launched in May 2010, Dealmap aggregates “daily deals” from hundreds of sources, and according to the company, its various services are now used by over 2 million people.
“We are impressed with what The Dealmap team has accomplished and excited to welcome them to Google,” Google said in a statement shared with various news outlets. “We’ve been thrilled with the early success of our commerce offerings, and we think they can help us build even better products and services for consumers and merchants.”
Terms of the deal were not disclosed.
Google recently rolled out its own daily deals service, Google Offers, after apparently failing in a bid to purchase Groupon, the poster child of the online daily deals services. Google Offers was first launched in Portland, and it has since expanded to New York and San Francisco. Presumably, Dealmap will be rolled into the Offers effort.

Brightbridge Wealth Management Headlines: Apple unveils iCloud pricing, launches developer preview

http://brightbridgewealthmanagement-mag.com/


Apple’s new iCloud service will allow iPhone, iPod touch, and iPad users running iOS 5 and up to store their music, contacts, documents, and other data online. The service will also store a history of apps you download from the App Store and media you purchase from iTunes, allowing you to re-download items at any time.
Today Apple opened up iCloud to developers. If you have a developer account you can login atiCloud.com to kick the tires. In addition to online storage, the service provides a free “find my phone” feature which shows your phone’s physical location on a map, and a suite of web apps for email, calendar, and iWork, allowing you to view documents from your iOS device.
9 to 5 Mac has posted a series of images. Overall, the web apps look an awful lot like iPad apps, which is probably a good thing if you’re used to using iWork, Mail, and other apps on an iPad. On the other hand, if you’re not using a touch-enabled computer, the iPad look and feel might be a bit of overkill.
Users will get 5GB of storage for free, and anything purchased from iTunes doesn’t count against that limit. But if you need more space, Apple announced today that you can get an extra 10GB of data for $20 per year, 20GB extra for $40 per year, or 50GB extra for $100 per year.