Posted on 19 August 2012.
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Shares of Apple (NASDAQ:AAPL) jumped nearly 2 percent during regular trading to reach a new closing high of $648.11. Analyst Peter Misek from Jefferies believes a smaller iPad may go on sale by October and a new television product could become available by 2013. He also reiterated his Buy rating on the stock and raised his price target to $900 from $800, estimating Apple will make 25 million iPad devices of all kinds in the current quarter, up from a previous estimate of 16 million.
Facebook (NASDAQ:FB) shares slumped again on Friday and continue to attract attention in late afternoon hours. The Zuckerberg-led company has come under new pressure as the first IPO lockup agreement recently expired and brought 271.1 million more shares to the market for trading. On November 14, more than 1.2 billion shares will be available for trading and another 149.4 million shares a month later. Shares hit a new all-time low along with Groupon (NASDAQ:GRPN).
Don?t Miss: Facebook Insiders: Sell, Sell, SELL!
Ann (NYSE:ANN) shares closed the day 20 percent higher and continues to gain in late afternoon trading. The clothing retailer recently reported financial results for the second quarter. Net income rose 24 percent to $30.7 million (63 cents per share), compared to $24.8 million (47 cents per share) a year earlier. Revenue also increased 6.6 percent to $594.9 million. It was a beat on the top and bottom line for the company.
After plunging 11 percent, Aeropostale (NYSE:ARO) shares bounced 0.91 percent in late afternoon hours. The company said late Thursday that net income in the second quarter crashed 97.6 percent to $71,000, compared to $2.9 million a year earlier. Revenue edged 3.7 percent higher to $485.3 million in the same time period. It was a miss on the top and bottom line for the company. Thomas P. Johnson, chief executive officer, commented, ?While we were encouraged by the customer response to our fashion offering, we were disappointed by our overall financial performance for the second quarter.?
Investor Insight: Are Central Banks Still Hoarding Gold?
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?By The Associated PressPanama's Muslims children attend Eid al-Fitr prayer, which marks the end of the holy month of Ramadan in Panama City, Sunday, Aug. 19, 2012. Muslims around the world celebrate Eid al-Fitr, marking the end of Ramadan, the Muslim calendar's ninth and holiest month. According to the International Journal of Environmental Science and Development, around 10.000 Muslims reside in Panama. (AP Photo/Arnulfo Franco)
Panama's Muslims children attend Eid al-Fitr prayer, which marks the end of the holy month of Ramadan in Panama City, Sunday, Aug. 19, 2012. Muslims around the world celebrate Eid al-Fitr, marking the end of Ramadan, the Muslim calendar's ninth and holiest month. According to the International Journal of Environmental Science and Development, around 10.000 Muslims reside in Panama. (AP Photo/Arnulfo Franco)
Muslims children attend Eid al-Fitr prayer, which marks the end of the holy month of Ramadan in Panama City, Sunday, Aug. 19, 2012. Muslims around the world celebrate Eid al-Fitr, marking the end of Ramadan, the Muslim calendar's ninth and holiest month. According to the International Journal of Environmental Science and Development, around 10.000 Muslims reside in Panama. (AP Photo/Arnulfo Franco)
Muslims attend Eid al-Fitr prayer, which marks the end of the holy month of Ramadan in Panama City, Sunday, Aug. 19, 2012. Muslims around the world celebrate Eid al-Fitr, marking the end of Ramadan, the Muslim calendar's ninth and holiest month. According to the International Journal of Environmental Science and Development, around 10.000 Muslims reside in Panama. (AP Photo/Arnulfo Franco)
Panama's Muslims pray during Eid al-Fitr prayer, which marks the end of the holy month of Ramadan in Panama City, Sunday, Aug. 19, 2012. Muslims around the world celebrate Eid al-Fitr, marking the end of Ramadan, the Muslim calendar's ninth and holiest month. According to the International Journal of Environmental Science and Development, around 10.000 Muslims reside in Panama. (AP Photo/Arnulfo Franco)
Panama's Muslims pray during Eid al-Fitr prayer, which marks the end of the holy month of Ramadan in Panama City, Sunday, Aug. 19, 2012. Muslims around the world celebrate Eid al-Fitr, marking the end of Ramadan, the Muslim calendar's ninth and holiest month. According to the International Journal of Environmental Science and Development, around 10.000 Muslims reside in Panama. (AP Photo/Arnulfo Franco)
Muslims around the world on Saturday started celebrating the Eid al-Fitr, the feast that marks the end of the month of Ramadan this weekend.
The Muslim holy month devoted to dawn-to-dusk fasting, prayers, good deeds and abstinence from worldly pleasures culminates with the holiday of Eid al-Fitr. In most places Eid is usually celebrated up to three days and is a public holiday.
Shoppers flooded markets in India to stock up on food and other treats and in Pakistan, women decorated their feet and hands with henna tattoos. Other people gave prayers by themselves or with large crowds in the Philippines and Indonesia.
Here is a look at celebrations of Eid al-Fitr around the world.
Associated Press
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PHILADELPHIA (AP) ? Authorities have identified the off-duty Philadelphia police officer who was shot and killed as he walked along a north Philadelphia street, and officials announced rewards totaling $30,000 for information leading to an arrest in the case.
Police say 40-year-old Officer Moses Walker Jr. had just finished his shift early Saturday when he was shot several times about four blocks from the 22nd District station. The 19-year veteran of the force was pronounced dead at Hahnemann University Hospital.
Police say the city is offering a $20,000 reward and the Fraternal Order of Police Lodge 5 is offering a $10,000 reward.
Lt. Raymond Evers says Walker's service weapon was found under his body, but police don't know whether it was discharged. They are checking to see if anything was taken from his backpack.
Source: http://news.yahoo.com/philly-officer-fatally-shot-finishing-shift-144804996.html
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