Apple reported its financial results for the quarter ended June 30, and depending how you look at it, they're either amazing or disappointing.
The company says it made $8.8 billion in profits over the course of three months. That's more than enough to buy every share of Alcoa, the global aluminum giant, which was worth just under $8.6 billion when the stock market closed this afternoon.
Mitt Romney and other Republicans have pounded President Obama for weeks for an awkwardly phrased remark that, taken out of context, made it sound as though the president believed the federal government should get all the credit for every business ever created.
President Obama and Republican challenger Mitt Romney have been trading attacks over the issue of American jobs being moved overseas.
The president has pounded Romney for the investments made by his former firm Bain Capital in the 1990s. Not to be outdone, the Romney campaign has suggested most of the money from the president's stimulus program went to create jobs overseas.
If the stakes could not be bigger, why are the presidential candidates running such insubstantial campaigns?
On any given day, it seems like the debate is about whether President Obama thinks entrepreneurs built their own businesses or what year Mitt Romney gave up control of Bain Capital — instead of big solutions to fundamental problems like economic growth, energy or immigration.
Ford Motor Co. intends to prove that good things come in small packages — really small packages. The company has taken engine downsizing to a new level with its new three-cylinder EcoBoost engine, which has been introduced in Europe and is set to hit the U.S. market next year.
The EcoBoost offers more power than many conventional four-cylinder engines, with fuel economy numbers a hybrid could envy. Early fans are calling it a modern "little engine that could," and Ford is betting that American customers are ready to embrace a three-cylinder engine.