By
Tamara Rutter
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More Articles
November 17, 2011
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At The Motley Fool, we know our readers like to be informed. Here's a quick look at today's most relevant financial news, boiled down to what you need to know.
Google to sell music online
Search engine giant Google (Nasdaq: GOOG ) is hoping to give customers another reason to buy its Android devices, with the launch of an online music store. Google hopes the move will help its Android-based smartphones compete with Apple (Nasdaq: AAPL ) and Amazon (Nasdaq: AMZN ) devices, which have all integrated music into their online and mobile offerings. Read the full story at Reuters.
Sears continues to suffer
Retailer Sears Holdings (Nasdaq: SHLD ) reported a third-quarter loss of $421 million, or $3.95 per share, much worse than the $2.29-per-share loss analysts had expected even after accounting for pension expenses and other extraordinary items. Management blamed the decline on weak sales in Canada, reduced margins in consumer electronics, and increased markdowns on apparel. Read the full story at Yahoo! Finance.
Dollar Tree's quarterly profits up
Discount variety retailer Dollar Tree's (Nasdaq: DLTR ) third-quarter earnings enjoyed double-digit growth. The company's net sales climbed 11.9% to $1.6 billion with an increase of 4.8% in same-store sales. EPS increased 19%, coming in at $0.87 a share. Read the full story at Yahoo! Finance.
That's a wrap
So there you have it -- the top financial stories for this morning. If you are interested in getting all the news and commentary on these stocks, sign up to My Watchlist here --it's free!
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