Apple Ruling May Damage Publishers; Increase in U.S. Diesel Production Spurs Exports; Banking Sector Presents a Dangerous Investment

Eagle Eye Opener

Apple Ruling May Damage Publishers  (Reuters)

Investors in major publishing companies, like HarperCollins Publishers, Penguin Random House or Simon & Schuster Inc., may have reason for concern over Wednesday’s court ruling against Apple. In an effort to prevent Apple from conspiring to raise e-book prices, a U.S. district court banned Apple from entering contracts that the U.S. Justice Department believes would restrict Apple from competing on price. Since this ruling requires that Apple end existing contracts with five major publishers, the companies are now appealing the decision. “Despite achieving their stated goal of returning price competition, plaintiffs now seek to improperly impose additional, unwarranted restrictions on the settling defendants, thereby depriving each publisher of the benefit of its bargain with plaintiffs,” the publishers wrote.

Increase in U.S. Diesel Production Spurs Exports  (CNBC)

Although U.S. diesel is already being produced at its highest level in six years, foreign demand has encouraged U.S. refineries to expand their production capacity. “All these companies are expanding their export terminals — Valero, Shell, Marathon Petroleum, all of them,” said Fadel Gheit, senior energy analyst at Oppenheimer. “Any companies with refining assets on the Gulf Coast are expanding their export terminals.” This presents a great opportunity for investors as diesel is already the product of choice for export. With increasingly large margins for diesel sales, and growing demand, U.S. refineries are setting themselves up for massive profits.

Banking Sector Presents a Dangerous Investment  (Reuters)

During the past week, a large number of news stories have been devoted to allegations of fraud or convictions of employees at major U.S. financial institutions like Goldman Sachs, JP Morgan and Bank of America. The fines these institutions have been subjected to have grown at an alarming rate, from $13.9 billion in 2011 to $29.3 billion in 2012. Most of the cost of these fines has been passed on to the shareholders, a trend that should continue to affect future investors. Former Federal Reserve chair Paul Volcker weighed in on the incredibly slow implementation of financial reform. “The present overlaps and loopholes in Dodd-Frank and other regulations provide a wonderful obstacle course that plays into the hands of lobbyists resisting change,” he wrote. “The end result is to undercut the market need for clarity and the broader interest of citizens and taxpayers.”

Exclusive  Good Economic News out of China? SEC Takes on Goldman’s Big Bad Wolf; The Most Powerful Testimonial in the World

Like This Article?
Now Get Mark's FREE Special Report:
3 Dividend Plays with Sky-High Returns

This newly-released report by a top-20 living economist details three investments that are your best bets for income and appreciation for the rest of the year and beyond.

Get Access to the Report, 100% FREE


img
previous article

At the invitation of Jan Fijor, a publisher of free-market books in Warsaw, Poland, I just completed writing an introduction to the Polish edition of Carl Menger's “Grundsätze,” translated “Principles of Economics” in English.

PREMIUM SERVICES FOR INVESTORS

Dr. Mark Skousen

Named one of the "Top 20 Living Economists," Dr. Skousen is a professional economist, investment expert, university professor, and author of more than 25 books.

Product Details

LEARN MORE HERE

Bryan Perry

A former Wall Street financial advisor with three decades' experience, Bryan Perry focuses his efforts on high-yield income investing and quick-hitting options plays.

Product Details

LEARN MORE HERE

Jim Woods

Jim Woods has over 20 years of experience in the markets from working as a stockbroker,
financial journalist, and money manager. As well as a book author and regular contributor to
numerous investment websites, Jim is the editor of:

Product Details

LEARN MORE HERE

Bob Carlson

Bob Carlson provides independent, objective research covering all the financial issues of retirement and retirement planning. In addition, Bob serves as Chairman of the Board of Trustees of the Fairfax County (VA) Employees’ Retirement System, which has over $2.8 billion in assets.

Product Details

LEARN MORE HERE

Mike Turner

Mike Turner’s financial, mathematical, computer science and engineering background serves as the foundation for his disciplined, rules-based approach to trading. Mike’s three services include:

Product Details

LEARN MORE HERE

Hilary Kramer

Hilary Kramer is an investment analyst and portfolio manager with 30 years of experience on Wall Street. Since 2010, Hilary's financial publications have provided stock analysis and investment advice to her subscribers:

Product Details

LEARN MORE HERE

DividendInvestor.com

Used by financial advisors and individual investors all over the world, DividendInvestor.com is the premier provider and one-stop shop for dividend information and research.

Product Details

Popular tools include our proprietary Dividend Calendar, Dividend Calculator, Dividend Score Card, and many more.

LEARN MORE HERE