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.
Windows losing its touch
Despite reporting a 30% increase in profit, Microsoft
Executives have said they will give more details of an improved version of Windows for tablets at their developers' conference. The company has also faced challenges with the sales of their smartphone platform Windows Phone 7 despite a partnership with Nokia
Google+'s conquest is on full speed
After two failed attempts at a social network, Google
Apple looking at Hulu
With a hefty hoard of cash, $76.2 billion to be exact, Apple
The possible acquisition could push Apple in to the market held largely by Netflix
Greece in temporary default, Fitch says
Rating agency Fitch has declared Greece under temporary default after the talks of a second bailout. But the agency announced that it sees Greece in a better position to tackle its mountain of debt. The state of default was considered mainly because of the involvement of the private sector, Reuters reported. Under the bailout, banks and insurers will swap their Greek bonds for longer maturities at lower rates.
European banks supporting the bailout and with the most exposure include Deutsche Bank
Pandora on a rocky road
One of the hottest IPOs of the year is already facing problems. Pandora Media
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 Microsoft, Google, and Apple. Motley Fool newsletter services have recommended buying shares of Google, Netflix, Apple, and Microsoft. Motley Fool newsletter services have recommended buying puts in Netflix. Motley Fool newsletter services have recommended 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.