Stunning pictures arise from New York storm

This Just In

The warnings of severe thunderstorms in the New York area started coming in Thursday afternoon. But anyone outside who looked up didn’t need to hear it from the National Weather Service — the sky told them.

Finding beauty in violent storms.

Dark clouds — and then lighting — provided awe-inspiring images around the region.

Photos: Storms hits Northeast

“The brunt of the storm itself was intense but short,” iReporter Matthew Burke of New York City said. “There was very strong rain and wind for about 15 minutes, at which point the rain cleared and the lightning show began.”

Gawker and the New York Daily News posted photos of the heavy clouds that appeared to blanket the sky and barrel down to the ground all at once.

The storms that hit central New York were severe, and wind gusts that may exceed 80 mph were forecast for metropolitan New York City…

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Morning Market Roundup (7/26/2012)

24/7 Wall St.

Subject: Ten Ways You’ll Know The Recession Is Over

When Gallup asked people about the state of the economy this spring, as a recovery appeared to have taken hold, the polling company found “nearly half of Americans, 46%, still say the economy is in either a recession or a depression.” Only 40% said they thought a recovery was underway. By the strictest measurements of economic data, economists said the Great Recession had ended. For a very large number of Main Street Americans, that opinion means nothing. Here are ten ways you will know the recession is over.

As always, here are the top major media headline summaries from WSJ, FT, Bloomberg, and more. Today’s top analyst upgrades and downgrades were in shares of MO, AVP, CAT, GMO, IGT, LO, MRVL, TFM, TSCO, WFT, WLP and ZNGA.  The most important financial news affecting the markets today.

Don’t forget. No matter…

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24/7 Wall St.

Shares of United Continental Holdings Inc. (NYSE: UAL) fell Thursday morning after the company’s second-quarter financials missed analyst estimates.

The stock is down 5.54% to $19.28. The 52-week low is $15.51.

United’s net income was $339 million for the quarter, or $0.89 share, compared with $538 million, or $1.39 a share in 2011. Analysts were expecting earnings of $1.70 a share, according to averages compiled by Thomson Reuters. The drop in net income was partially due to integration costs involving the merger between United Airlines and Continental Airlines. Yet operating income for the quarter, at $575 million, was still down 28.8% compared to a year ago.

Aircraft fuel, the largest expense for the airline, rose 5.6% compared to last year’s period to $3.4 billion. Meanwhile, salaries and related costs also rose 5.6% to $2.0 billion

Revenue for the airline was $9.9 billion, up from $9.8 billion in the year-ago period. Analysts were expecting revenue of just over $10…

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NYT swings to a Q2 loss on $195M About.com charge; digital circ up 13%

Gigaom

For a time, About.com, acquired for $410 million in 2005, was the bright spot in New York Times(s nyt) earnings season. Those days are a blur in the rearview mirror, reflected in the second-quarter earnings released Thursday with a $194.5 million writedown of good will. The non-cash charge helped NYTCo to a $143.6 million loss for the quarter compared with a profit of $31.5 million for the same quarter in 2011.

But the company said favorable trends at About.com, particularly in cost-per-click advertising, helped improve digital advertising results and kept its overall advertising decline down compared to Q1. From Chairman and acting CEO Arthur Sulzberger Jr.’s statement: “Although we recorded a non-cash charge in the quarter, the About Group continues to execute on its turnaround strategy and we expect it to be on track to post continued meaningful improvement in the second half of the year.”

The About.com charge stole…

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24/7 Wall St.

Shares of United Continental Holdings Inc. (NYSE: UAL) fell Thursday morning after the company’s second-quarter financials missed analyst estimates.

The stock is down 5.54% to $19.28. The 52-week low is $15.51.

United’s net income was $339 million for the quarter, or $0.89 share, compared with $538 million, or $1.39 a share in 2011. Analysts were expecting earnings of $1.70 a share, according to averages compiled by Thomson Reuters. The drop in net income was partially due to integration costs involving the merger between United Airlines and Continental Airlines. Yet operating income for the quarter, at $575 million, was still down 28.8% compared to a year ago.

Aircraft fuel, the largest expense for the airline, rose 5.6% compared to last year’s period to $3.4 billion. Meanwhile, salaries and related costs also rose 5.6% to $2.0 billion

Revenue for the airline was $9.9 billion, up from $9.8 billion in the year-ago period. Analysts were expecting revenue of just over $10…

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Mutual Funds

Commodity Tips, Stock Market, NSE Tips, BSE Tips, MCX Tips, Commodities, Nifty, Share Market Tips, Intraday Tips From Experts, Trading Tips

There are people who invest in shares and stocks and reap great benefits or profits out of it. These investors know a lot about the market condition and they have also the idea when and where to invest and how much to invest. So, what do you think the people do that does not have any idea about the financial markets or anything about the stock market? Well, they buymutual fund. Now what is this? Well, these funds are collected from the public and are invested in financial instruments like equity, bonds, debentures…etc.

 

Works As An Intermediary

 

These funds act as an intermediary in the financial market. You need not burn your finger when you invest in this type of funds. There are Pharma funds which invest only in Pharmaceutical companies. The companies provide prospectus when they launch a fund. You should carefully read the…

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Oil Surges By $90

24/7 Wall St.

For the first time in nearly two months, WTI crude surged above $90. It is still well short of the $100 level where it traded in early spring.

Although some of the events that pushed oil above $100 — particularly concern about Iran closing the key crude transportation route through the Strait of Hormuz — are gone, there is a belief that governments and central banks in China and the United States will act to spur economic expansion.

A weak dollar and continuing increase in stock market prices also have been factors in the rise. August futures for the light, sweet grade of crude oil traded on the New York Mercantile Exchange climbed 78 cents, or 0.9%, to $90.65 in electronic trading.

Douglas A. McIntyre

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