At The Motley Fool, we know our readers like to be informed. We have scouted out today's most relevant news items and brought them to you all in one page. We hope you find this midday edition informative and useful.
AMR profits don't take off
Rising fuel prices have once again widened the loss for AMR Corp.
American has also announced it would update its fleet by ordering 460 narrowbody aircraft from Boeing
Apple scores a home run ... again
Strong sales in emerging markets and a new $6 billion business for its iPad, Apple
Mac computers continued to grow even as their competitors struggle to sell PCs. Another big growth factor was how Apple products have become integrated in businesses. The company announced that many multinationals have embraced its products for everyday operations. Apple does not seem to be slowing down anytime soon, hinting during the conference call that there may be disruption from the introduction of a new product, believed to be the iPhone 5. Read more at The New York Times.
Icahn not letting go
Activist investor Carl Icahn, known for buying majorities in companies and later pushing change, has boosted his offer on Clorox
Icahn's plan is to buy the company and urge the company to sell to strategic buyers including Procter & Gamble
Google reinventing itself
Everyone remembers a young and wild startup called Google
Zillow's IPO doubles
It has become unsurprising that a technology company gets valued at millions or billions of dollars. In this case, it was unprofitable real estate website Zillow
The website features real estate listings, mortgage information, real estate agents, and tools to check home values. But most of the website is free and working on an advertisement model. It does offer a premium service mostly for agents who will subscribe for between six to 12 months. The company has warned that its costs may increase as it expands its business. Read more at The Wall Street Journal.
So there you have it, the top financial stories for this afternoon. Check Fool.com throughout the day for commentary on these and other stories. Also, follow us on Twitter, on Facebook, or through our email digests.
Michelle Zayed owns no shares of any companies mentioned in the story. The Motley Fool owns shares of Google, Clorox, and Apple. Motley Fool newsletter services have recommended buying shares of Procter & Gamble, Clorox, Google, and Apple, as well as creating a bull call spread position in Apple. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.