According to Reuters, Bernanke believes that subprime losses could hit $100 billion.
Reuters writes that GM (GM) closed the gap between itself and Toyota (TM) for total unit sales in Q2.
Reuters writes that Microsoft’s (MSFT) rose on improved profits from it Office division.
Reuters reports that Google’s (GOOG) net fell short of estimates.
The Wall Street Journal writes that banks raising $40 billion in buy-out debt for Chrysler and Alliance Boot has having to improve terms.
The Wall Street Journal wirtes that AMD’s (AMD) revenue rose in the most currently reported quarter.
The Wall Street Journal reports that a shareholder suit alleges that Monsters (MNST) founder was involved in back-dating options.
The Wall Street Journal also reports that Verizon Wireless has licensed Broadcom’s (BRCM) patents as a way around import prohibitions involving Qualcomm (QCOM) chips which violate its rivals patents.
The Wall Street Journal reports that heart procedures using stents have dropped sharply since January.
The New York Times writes that earnings fell at McClatchy (MNI) and Dow Jones (DJ).
FT reports that Viacom’s (VIA) controlling shareholder Sumner Redstone is pushing his daughter out as heir apparent.
Barron’s reports that Hearst has sold more shares in Local.com (LOCM).
Douglas A. McIntyre
In 20 Years, I Haven’t Seen A Cash Back Card This Good
After two decades of reviewing financial products I haven’t seen anything like this. Credit card companies are at war, handing out free rewards and benefits to win the best customers.
A good cash back card can be worth thousands of dollars a year in free money, not to mention other perks like travel, insurance, and access to fancy lounges.
Our top pick today pays up to 5% cash back, a $200 bonus on top, and $0 annual fee. Click here to apply before they stop offering rewards this generous.
Flywheel Publishing has partnered with CardRatings for our coverage of credit card products. Flywheel Publishing and CardRatings may receive a commission from card issuers.
Thank you for reading! Have some feedback for us?
Contact the 24/7 Wall St. editorial team.
Latest from 24/7
Our expert who first called NVIDIA in 2009 is predicting 2025 will see a historic AI breakthrough.
You can follow him investing $500,000 of his own money on our top AI stocks for free.