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By now, every techie under the sun knows that Apple (AAPL) chief executive Steve Jobs has issues with Adobe (ADBE) and its Flash software. Some of the highlights of the Apple leader's open letter on Flash include how its performance, reliability and security are all shoddy.

All are reasons that Apple has decided not to support Flash on the iPad, iPhone and iPod touch. But a recent survey of iPad users indicates that Jobs may have missed the mark when it comes to his customers and Flash. 

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You know how it works. The billionaire talk-show queen invites an aspiring businessperson, author, designer, etc., to be a guest on her show, and suddenly that person's project goes through the roof.

 

Well, The Wall Street Journal reports she's just hired a top money manager to run her personal fortune, and he's no doubt both hoping the Oprah effect works for him, too.

• Is Oprah worth more than Google?

A personal, dedicated money professional is, of course, one of the privileges of wealth. Most of have to work with mutual funds, busy brokers and planners, or simply try to pick stocks all by ourselves.

 

A Verizon iPhone? Pfft. Bring it on. AT&T will survive, says Ralph de la Vega, the head of wireless at AT&T (T).

AT&T has exclusively offered the iPhone in the U.S. for years. But the rumors are growing that Verizon (VZ) may soon also get approval to sell Apple's (AAPL) popular phone.

• See what a better broker can do for you

AT&T isn't worried about a mass defection to Apple, de la Vega says. That's because 70% of its wireless customers are on family plans, and it can be a pain -- and expensive -- to switch out all family members at once, Electronista reports.

 

By Lauren Tara LaCapra, TheStreet

 

The Treasury Department will auction its last remnant of ownership in Wells Fargo (WFC) this week, by selling warrants to purchase 110.3 million shares of common stock.

 

The warrants are related to the government's initial $25 billion TARP investment in Wells Fargo in October 2008. With a minimum bid price of $6.50, the offering will reel in at least $716.7 million in proceeds for taxpayers.

 

The bidding will take place on Thursday, May 20, beginning at 8 a.m., Eastern time in a modified Dutch auction overseen by book-running manager Deutsche Bank (DB).

 

By Jeanine Poggi, TheStreet

 

American Apparel (APP) shares sank to a 52-week low Wednesday after the retailer known for its controversial ads said it received a delisting warning and widened its first-quarter loss.

 

The Los Angeles-based company also said it might not be in compliance with a covenant under its credit agreement. Non-compliance may impact the company's ability to carry out its operating plan for 2010, American Apparel said in a statement. The company is working with its second-lien lender to amend a covenant regarding total-debt-to-adjusted-EBITDA by June 30.

 

The New York Stock Exchange also told American Apparel that it must submit a plan to return to compliance by June 1. The company must be compliant by Aug. 16 or face a delisting of its stock.

 

When you say something positive and it doesn't work out immediately, you get an "I told you so."

 

I have been advocating that when the smoke clears, the pain for the major banks -- Well Fargo (WFC), Bank of America (BAC), JPMorgan Chase (JPM) and Morgan Stanley (MS) -- will not only be bearable but will create buying. I exclude Goldman Sachs (GS) because it’s clear that both the Senate and President Obama are not going to rest until this firm is stripped of much of its greatness.

 

So what happens? At every turn of every potential pitfall, I get emails from people saying, "I told you so."

 

 

Years ago I remember reading an interview with famed investor Peter Lynch in which he was asked how he kept coming up with new and original investing ideas. He mentioned how when he went shopping in the mall with his wife, he'd sit outside a new store he never heard of and watch not only how many people went in and out but how many of them were carrying bags of new purchases. He would then go back to his office and research that company.

 

I recently had one of those Peter Lynch moments.

I was visiting my Mom in Fort Lauderdale, and since my daughter was going to get married soon on the beach at Isle of Palms near Charleston I thought it might be nice to buy my Mom a new outfit for the wedding

 

By Michael Brush

It's official. China is now in a bear market.

Technically defined as a 20% decline following a rally of at least 20%, the bear surfaced in Chinese stocks last week when the Shanghai Composite index posted losses that took it 21% below November 2009 highs. 

While it may be tempting to buy Chinese stocks on such a large retreat for stocks of companies working in an economy with robust 11.9% annual growth, it's wiser to remain cautious with this bear. 

Investors in the market like to focus on the big corporate battles. Take two giants in an industry and watch them go toe-to-toe in a battle royal.

 

To the winner go the profits, but how do investors do following the leaders? From my experience investing in giants is similar to owning an index fund. The returns are simply mediocre.

 

Below the radar in any industry are interesting sub-plots and possible investment opportunities that can outperform the market.

 

Written by Douglas Estadt

We like Delcath's management team and the cutting edge life-extending technology of their PHP System. Today we sold DCTH May 15 puts at $.55 and $.60, so when the stock closes Friday, and the options expire, one of two things we view as favorable will happen:

• if it closes above 15, we’re going to pick up $550 to $600 for every 10 contracts we sold

OR

• if the stock pulls back quite a bit before then, we will get the stock "put" to us,

 

Investors raise cash for all kinds of reasons.

In anticipation of some big personal expenditure. To protect a portfolio against risk in a volatile market. To have the firepower to take advantage of a future buying opportunity.

That last reason is why I've decided to raise some cash over the next few weeks and perhaps longer.

 

Retail is heating up. A look at 11 hot retail ETFs to buy now shows that the sector is dramatically outperforming the market so far in 2010 -- up to four times over!

That means if you were holding some of the elite retail components in these funds, you would be doing even better.

• Related: Walmart WMT Might Be Thinking Small on Store Size

Take online retailer Overstock.com (OSTK), up almost 65% in the same period! Any investor who has blacklisted the entire retail sector is missing out on big moneymakers like this company.

 

Bono, once described as the worst investor in America, was vindicated after his venture group made out in the Palm(PALM) sale.

Maybe Steve Jobs should get that title instead. The Apple (AAPL) chief executive made a dumb trade years ago -- one that cost him billions, writes Brett Arends on MarketWatch.

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Rewind all the way back to early 2000, when Apple shares fell to about $7. OK, you can stop now and kick yourself for not having bought any then.

Back to the story:

 

The announcement that the Obama administration is winding down the U.S. space program for budgetary reasons is one of the saddest announcements that any boomer can hear.

When I was a child, my heroes were Buck Rodgers, Flash Gordon, the Lone Ranger, Roy Rogers and of course Chuck Yeager, Alan Shepard and John Glenn. They all were so real yet unreal to me.

One of my most proudest possessions was a model of the X-15 I built with my own hands. It was a simple time when TV was not 24 hours a day and signed off every night with videos of Air Force jets flying high in the clouds and the words of High Flight by John Gillespie Magee, Jr: 

By Jeanine Poggi, TheStreet

 

Best Buy's (BBY) launch of a video download service has dragged down stocks of video rental companies Netflix (NFLX) and Blockbuster (BBI).

 

The electronics retailer announced plans Monday to roll out its CinemaNow digital entertainment platform later this month. The service will allow customers to buy or rent newly released movies and television shows instantly.

 

No subscription will be required. The service will work on a pay-as-you-go basis,  blending aspects of Neftlix's streaming service and Apple's (AAPL) iTunes. Rentals are expected to cost about $4 each -- about the same as Blockbuster -- and about $15 to own.