According to Reuters, State Street (STT) faces $22 billion exposure to asset-backed commercial paper conduits, the off-balance sheet vehicles that have caused problems for rivals in recent weeks.
Reuters writes that social networks are drawing new investors as Classmates.com and Bebo.com consider IPOs.
The Wall Street Journal expects that Nasdaq (NDAQ) will have trouble selling its stake in the London Stock Exchange.
The Wall Street Journal writes that HP (HPQ) is coming out with new printers to offset the sharing of documents and photos over the internet.
The New York Times writes that Macau is passing Las Vegas as the work capital of gambling as companies like Wynn and MGM Mirage open casinos there.
The FT writes that credit card defaults are rising in the US.
Barron’s writes that Citi has dropped its rating on AMD (AMD).
Douglas A. McIntyre
Get Ready To Retire (Sponsored)
Start by taking a quick retirement quiz from SmartAsset that will match you with up to 3 financial advisors that serve your area and beyond in 5 minutes, or less.
Each advisor has been vetted by SmartAsset and is held to a fiduciary standard to act in your best interests.
Here’s how it works:
1. Answer SmartAsset advisor match quiz
2. Review your pre-screened matches at your leisure. Check out the advisors’ profiles.
3. Speak with advisors at no cost to you. Have an introductory call on the phone or introduction in person and choose whom to work with in the future
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.