Here at the Fool, we've searched high and low across the Web this Thursday morning to find the biggest news and best stories around. Here are your top five morning reads.
1. Bernanke to the economy: Rise my pretty!
The economy managed to grow an annualized 3.5% over last year's third quarter, which beat a median forecast of 3.2%. We'll wait to see whether the Fed unfurls a giant "Mission Accomplished" banner over its headquarters. (Read more at Bloomberg.)
2. Mickey heading to mainland China?
It looks like Disney
3. A glut of earnings
Let's take a quick look at some of the notable earnings from last night and this morning:
- Telecom Stocks: Sprint Nextel
(NYSE:S)continues to hemorrhage postpaid subscribers and ended the quarter with a wider than expected loss. (Read more at Reuters.) Motorola (NYSE:MOT)delivered a shocker this morning: a profit. The company also unveiled its much-vaunted Droid phone yesterday. The phone uses Google's Android OS and has been heavily promoted by Verizon (NYSE:VZ). (Read more at Yahoo! Finance and All Things Digital.)
- Consumer Stocks: Proctor & Gamble
(NYSE:PG)is still feeling a slight case of "recession," profits were down about 1%, and revenue slid 6%. However, those figures did beat expectations. (Read more at The Wall Street Journal.)
- Energy Stocks: ExxonMobil
(NYSE:XOM)saw profits slide 68% from last year. Royal Dutch Shell also saw a steep drop in profitability; its earnings were off 62%. Both results trailed BP's relatively strong drop of only 34%. (Read more at The Wall Street Journal and Yahoo! Finance.)
4. Another loss of taxpayer money?
The Atlantic questions why the New York Fed paid out par value on all of AIG's
5. Unfair trade practices? Look to America.
China has notified the U.S. that it plans to pursue a trade case against U.S. automakers. Quid pro quo for America's tariff on Chinese tires? Sounds about right. (Read more at The Associated Press.)
Eric Bleeker owns shares of no companies listed above. Walt Disney is a Motley Fool Stock Advisor recommendation. Walt Disney and Sprint Nextel are Motley Fool Inside Value recommendations. Procter & Gamble is a Motley Fool Income Investor recommendation. The Fool owns shares of Procter & Gamble. Try any of our Foolish newsletters today, free for 30 days. The Motley Fool has a disclosure policy.