Investing
Today's Top Rumors 12.1.2010 (BAC, NYT, GOOG, AMZN, GE, NOV, MSFT, AAPL, NRTLQ, ERIC)
Published:
Last Updated:
Bank of America Corporation (NYSE: BAC) dismissed speculation, per CNN, that it is the big U.S. bank that WikiLeaks founder Julian Assange told Forbes magazine will be the website’s next target. OK! or OK?
The New York Times Company (NYSE: NYT) is reportedly talking to potential buyers for its stake in the Boston Red Sox, according to Reuters.
Groupon Inc. is rumored to be fighting for a higher price from Google after it acquired uBuyiBuy, Beeconomic and Atlaspost to expand in Asia. Speaking of Google, they are also reportedly about to launch an e-book store to compete with Amazon.com Inc. (NASDAQ: AMZN).
Wellstream has entered into talks with General Electric Co. (NYSE: GE) and National Oilwell Varco (NYSE: NOV) over a potential $1.2 billion. This is an interesting move considering that Wellstream shares fell in early October after GE confirmed that the oil services group had rejected a 750p-a-share approach.
Microsoft Corporation (NASDAQ: MSFT) may have another Halo franchise coming, from a different team (various).
Apple Inc. (NASDAQ: AAPL) is rumored to have selected Largan Precision as the sole supplier of lens modules for the upcoming iPad2.
Nortel Networks Corporation (OTCBB: NRTLQ) may finally be allowed to die. The company is in an asset sale of its Guangdong Nortel Telecommunication Equipment venture to LM Ericsson Telephone Co. (NASDAQ: ERIC) for $50 million. This is the LAST of the real Nortel units, so Nortel can officially end as No-Tel.
Portuguese banks are aiding and abetting the flames of a wild fire with a carry trade as they are borrowing billions of euros from the ECB at 1% and buying Portuguese sovereign debt at much higher yields.
JON C. OGG
Are You Still Paying With a Debit Card?
The average American spends $17,274 on debit cards a year, and it’s a HUGE mistake. First, debit cards don’t have the same fraud protections as credit cards. Once your money is gone, it’s gone. But more importantly you can actually get something back from this spending every time you swipe.
Issuers are handing out wild bonuses right now. With some you can earn up to 5% back on every purchase. That’s like getting a 5% discount on everything you buy!
Our top pick is kind of hard to imagine. Not only does it pay up to 5% back, it also includes a $200 cash back reward in the first six months, a 0% intro APR, and…. $0 annual fee. It’s quite literally free money for any one that uses a card regularly. Click here to learn more!
Flywheel Publishing has partnered with CardRatings to provide 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.