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 on one page. We hope you find this midday edition informative and useful.
A closer look for Google
The Federal Trade Commission is narrowing down its investigation on key parts of Google's
Though the probe could take as long as a year to move on, Google has already made some changes in its business. The Internet giant has made tweaks to the search engine and removed any content from other sites from its own products. Read more at The Wall Street Journal.
Cisco shows signs of revival
Cisco
The French in revolt
French banks keep falling amid worries on their outlook, dragging down a European index of stocks. Societe General has fallen 4.1% in intraday trading today after closing down 15% on Wednesday. BNP Paribas, France's biggest bank, has fallen 3.6%. The banking industry is Europe's second worst sector hit by the financial turmoil. The debt and currency crisis has been spreading through Europe, with France and Germany leading many of the bailouts around the continent. Read more at Reuters.
Hedge funds in a tight spot
With billions of dollars under their watch, hedge funds are in a difficult position during a very volatile market. John A. Paulson, the man who made billions during the 2007-2008 crisis, has had one fund lose more than 30% in value this year. Paulson's holdings in Bank of America
But not all have been losers. Ray Dalio's Bridgewater Associates has had $3.5 billion, or 5% in gains, in its flagship fund in just a week by betting on safe heavens like gold and the Swiss franc. Read more at Dealbookand The Wall Street Journal.
Cash-ready companies
Since the financial crisis in 2008, companies have been hoarding cash for harder times. After a week of roller-coaster market activity, many companies feel ready to handle it. Non-financial companies were holding $1.12 trillion in cash and short-term investments, up from $703 billion for the third quarter of 2008. Some of the hoarders include Microsoft
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.