July 18, 2011
They can't manage our finances, but the Federal government can make trouble for successful businesses. Google is now a target of a Federal Trade Commission (FTC) antitrust probe. Unlike AT&T, which had a near monopoly on phone service decades ago, Google has plenty of competitors (Bing, anyone?). But Google's success in offering a convenient and highly useful service makes them a target. Thanks, FTC.
This week and next are peak time for corporate earnings reports. Today we'll hear from Gannett; Tuesday, Apple and Johnson & Johnson; Thursday, PepsiCo; and Friday, GE and Xerox. We'll hear from Eastman Kodak next week.
(This article contains the current opinions of the author but not necessarily those of Brighton Securities Corp. The author's opinions are subject to change without notice. This blog post is for informational purposes only. Forecasts, estimates, and certain information contained herein should not be considered as investment advice or a recommendation of any particular security, strategy or investment product. References to specific securities and their issuers are for illustrative purposes only and are not intended and should not be interpreted as recommendations to purchase or sell such securities).