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.
Sprint gets a piece of Apple
However, the date of the release will be later than expected by experts, who predicted Apple would release the phone within the next month. The October date will not help the technology giant's fourth quarter, which ends in September. Read more at The Wall Street Journal.
No loss is forgiven
Technology companies have increasingly had to cut their losses sooner when a product fails to meet expectations. Hewlett-Packard
It's the pieces that matter
Wall Street in a better rally
The stock market had an early rally after the Congressional Budget Office announced a better budget deficit forecast. The office reported a U.S. budget deal that would slash projected budget deficits by half. The government also announced new orders for long-lasting U.S. manufacturing products increased in July. The Dow Jones increased by 0.94%, the S&P 500 increased by 1.05%, while the Nasdaq went up by 0.93%. The rally largely dissipated into the afternoon. Bank of America, after being punished by the stock market, rose by 8.5%, offsetting Tuesday's losses. But the bank's stock price continues to be down by more than 30% this month. Read more at Reuters.
So there you have it, the top financial stories for this afternoon. If you are interested in getting all the news and commentary on these stocks sign up to My Watchlist here -- it's free!