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President Obama wants those who make more to give more. Plus, you may be surprised to learn what the best-selling smartphone in the third quarter was. Here's the Bloomberg After The Bell Report from the New York Stock Exchange.
Stocks saw a slight rebound after two days of huge losses. Consumer confidence rose to its highest level since 2007, even with all the concerns about Europe's debt crisis and the fiscal cliff.
President Obama Friday called for an immediate tax cut extension for people earning less than $250,000 a year and insisted that those who make more pay more.
Meantime, Bloomberg has learned that Unilever, seeking a buyer for its Skippy peanut butter brand, has attracted interest from suitors including ConAgra Foods and B&G Foods.
If asked what you think is the best-selling smartphone in the third quarter you might guess an iPhone, but that would be wrong. Samsung's Galaxy S III dethroned Apple's iPhone 4S to become the best-selling smartphone, according to Strategy Analytics. To be fair though, the iPhone 5 went on sale September 21st, so some people were probably waiting for the new iPhone.