Weekly Roundup: Top 10: Zuckerberg, Cook defy naysayers

	Weekly Roundup JULY 26, 2013 Top 10: Zuckerberg, Cook defy naysayers Top stories for July 21 - July 26 By Steve Goldstein, MarketWatch Tim Cook and Mark Zuckerberg had the last laugh. Bloomberg Mark ZuckerbergWith no shortage of doubters, Apple and Facebook each reported earnings that surprised the bears. Apple, to be fair to its critics, reported falling earnings, falling margins, and falling pretty-much-everything-but-iPhone sales. But the Fruit's earnings were better than forecast. Over at the house of Zuck and Sheryl, Facebook swung to a profit and reported that mobile ads represented 41% of its total — up from a cool zero when it went public. In fact, it was tech darling Jeff Bezos who disappointed, as his Amazon (AMZN) reported a surprise loss. Yet investors still bid up the stock afterward. Go figure. Despite some high-profile movement of individual companies, the major stock indexes barely moved for the week, perhaps reflecting caution with a Fed meeting and key economic reports just around the corner. The Dow Jones Industrial Average (DJIA) squeaked out a gain and the Nasdaq Composite (COMP) rose 0.7%, while the S&P 500 (SPX) lost a sliver. Stay tuned to MarketWatch over the weekend for all the news and analysis you need to organize your finances and retirement. — Steve Goldstein Facebook's strong earnings Facebook (FB) surged 30% — its best daily percentage rise in its short history — after reporting a $333 million profit as revenue rose more quickly than anticipated. CEO Zuckerberg insisted that teenagers haven't abandoned the site. Times weren't so good for Facebook's partner Zynga (ZNGA), maker of Farmville and other games, which saw its stock dive about 15% after disappointing results and an announcement it won't get into the gambling business. The latest on Apple Apple's (AAPL) profit dropped by 22%, which was less than feared as more iPhones were shipped than expected (though at a lower price). Read our live blog of the earnings call. Investors are banking on new products to drive earnings forward. Quentin Fottrell asks, what's behind the return of the 1980s cellphone? Amazon's grip on investors Therese Poletti asks, when will investors care that Amazon isn't making any money ? How about the 11th of Never — as long as revenue keeps growing . Criminal probe against SAC Federal prosecutors filed criminal charges against SAC Capital, alleging the firm permitted "pervasive" insider trading. The criminal complaint comes after the Securities and Exchange Commission filed a civil lawsuit against SAC founder Steve Cohen for alleged lack of supervision. Wall Street, however, has not cut ties . Boeing profit rises You might think that planes-catching-fire thing might cause earnings to drop at Boeing (BA). Not so — as this slide show explains. McDonald's misses, literally and figuratively The Golden Arches missed on both the top and bottom lines with its second quarter earnings and then found itself in a PR nightmare by trying to explain to its workers how to live on its puny pay. Al Lewis says that maybe CEO Don Thompson should give living on $25,000 a try. Summers as Fed chair? Larry Summers was named a front-runner to be the next Fed chairman, and, just as suddenly, a torrent of criticism was unleashed. (Read this column by David Weidner or this one by Darrell Delamaide .) The criticism goes something like this: he helped foment the financial crisis by fighting derivatives rules and supporting the repeal of Glass-Steagall; he doesn't play well with others; and, how can you pass over the first-ever woman chairman of the Federal Reserve with a guy who said women have a different aptitude toward math and science? The White House, probably taken aback by the vitriol, leaked word no decision will be made until the fall. The real story may be: Wall Street is being left out of the decision. Obama address on economy Speaking of the White House, Obama went back to Knox College to outline his economic views and set the stage for a fight with Republicans over the budget and the debt ceiling. Two competing interpretations can be found here (pro) and here (con). Oh, and how is Obama doing by the standards of his first speech there as a senator? Prince George arrives Don't you dare tell us that you-don't-care-about-the-royals-this-is-a-markets-site. This was one of the top-read items of the week. See slide show of the arrival of the newest royal. A renaissance in American watchmaking An American-made watch? Yup. Read about the renaissance . Get the latest news on our mobile site: http://www.marketwatch.com/m MarketWatch has sent you this newsletter because you signed up to receive it. To ensure you receive this newsletter in the future, please add marketwatchmail.com to your list of approved senders. Sent to: kumaresan.selva.blogger@gmail.com Unsubscribe | Subscribe Copyright 2013 MarketWatch, Inc. All rights reserved. MarketWatch, the MarketWatch logo, and BigCharts are registered trademarks of MarketWatch, Inc. By using this site, you agree to the Terms of Service and Privacy Policy (updated 6/26/07). MarketWatch - Attn: Customer Service, 201 California St., San Francisco, CA 94111