The Big News Driving the Markets Today
Aug 13th 2012 7:00PM
Updated Aug 13th 2012 7:04PM
While it was a pretty tepid day on the markets with pretty light downward movement for the Dow Jones Industrial Average, that doesn't mean there weren't big storylines worth watching.
- Sears Holdings announced that it's spinning off the rest of its Sears Hometown stores in an effort to shore up cash and focus on its turnaround strategy.
- Google announced that it's laying off 20% of its recently acquired Motorola Mobility staff.
- And Groupon is giving investors another reason to be sour on the company's long-term outlook. It appears members of the sales team are jumping ship amid what's become a more competitive stressful work environment. Groupon relies heavily on its sales team, as business relationships are a key competitive advantage over competitors such as Living Social.
Of these three companies, Google is the only one Austin says he'd put his money behind for the long run, but its lack of a dividend has many investors left wanting. If you'd like to learn about The 3 Dow Stocks Dividend Investors Need, grab a free copy of our premium research report. It's absolutely free, so just click here and get your copy today.
The article The Big News Driving the Markets Today originally appeared on Fool.com.Austin Smith has no positions in the stocks mentioned above. The Motley Fool owns shares of Google. Motley Fool newsletter services recommend Google. Try any of our Foolish newsletter services free for 30 days. We Fools don't all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.
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