Well, who doesn’t like to say, “I told ya so?” I certainly do, which is why I’m pointing out that Intel has settled (again) with the Federal Trade Commission (FTC), promising to stop using bundled pricing to keep down the competition. On June 24 we pointed out that a variety of sources were expecting a settlement soon, with a minor wrist slap for Intel.
It has turned into a complete non-event. Investors today reacted with a yawn, as Intel shares in afternoon trading were exactly flat, at $20.71.
In other news:
- BP says it has the oil spill solved (Washington Post). Really. No, this time, you should believe them.
- Apple rumor mills are already cranking up for the fall, with speculation over the iPhone 5 and iPad mini (CNET). Also coming: iPad Double-mini, iPhoneMiniPad, the iPodPad, the iToilet, and the iToldYaSo.
- Why the UAE is done with the Blackberry (WSJ).
- ISM service index expanded in July (Bloomberg). Apparently, there was a surge in sales of Big Macs.
- Billionaires like Bill Gates and Larry Ellison are pledging more money to charity (WSJ).
- Time Warner revenues and earnings increased (TheStreet.com). Just in case it sounds foreign, let’s repeat that: Time Warner revenues and earnings increased!
- ADP sees slight uptick in jobs (Forbes). Apparently that Big Mac surge forced McDonalds to hire.
- Priceline and Electronic Arts helped boost tech stocks (MarketWatch).
- Toyota’s back with $2.2B in profit (Detroit Free Press). I don’t know why I used the DFP link. Mildly sadistic, I guess.
- Senators are taking for-profit education to the woodshed (Reuters). Fifteen schools investigated.