Investing
Media Digest (8/24/2012) Reuters, WSJ, NYT, FT, Bloomberg
Published:
Last Updated:
A South Korean court awards patent victories to both Apple Inc. (NASDAQ: AAPL) and Samsung in a patent dispute. The judges add that Samsung did not violate key iPhone design property. (Reuters)
UBS AG (NYSE: UBS) says the plan to compensate investors for the botched Facebook Inc. (NASDAQ: FB) initial public offering is not adequate. (Reuters)
IDC says Apple’s share of China’s smartphone market dropped by half in the second quarter because many buyers have deferred purchases until the new iPhone comes out. (Reuters)
Some Morgan Stanley (NYSE: MS) mutual funds have large stakes in Facebook. (WSJ)
A Qantas cancellation of 35 Boeing (NYSE: BA) 787 planes will make it difficult for the program to get the aerospace company a good return on investment. (WSJ)
India intensifies efforts to regulate Internet freedom of speech. (WSJ)
Germany and France agree to work together on a Greek bailout. (WSJ)
The chief digital officer of News Corp. (NASDAQ: NWS), Jon Miller, will leave. (WSJ)
Kodak may sell its personalized-imaging and document-imaging businesses to raise cash. (WSJ)
The Federal Reserve Bank of New York sells a large number of its American International Group Inc. (NYSE: AIG) assets. (WSJ)
William Ackman presses General Growth Properties Inc. (NYSE: GGP) to put itself up for sale. (WSJ)
Regulators may use Dodd-Frank to set rules for money market funds. (NYT)
Huge inventory surpluses in China cloud a view of its actual economic situation. (NYT)
General Motors Co. (NYSE: GM) plans for its new Cadillac ATS to increase its global market share in the luxury segment. (NYT)
Facebook accelerates its plans to make money in the mobile market. (NYT)
The Shanghai Composite reaches a three-year low. (FT)
Analysts are concerned that more municipalities will go bankrupt, undermining bond prices. (FT)
GM will close Opel plants to save money in a down EU car market. (Bloomberg)
Several executives leave Zynga Inc. (NASDAQ: ZNGA) as the game company struggles to impress Wall St. (Bloomberg)
Douglas A. McIntyre
The Average American Is Losing Momentum On Their Savings Every Day (Sponsor)
If you’re like many Americans and keep your money ‘safe’ in a checking or savings account, think again. The average yield on a savings account is a paltry .4%1 today. Checking accounts are even worse.
But there is good news. To win qualified customers, some accounts are paying more than 7x the national average. That’s an incredible way to keep your money safe and earn more at the same time. Our top pick for high yield savings accounts includes other benefits as well. You can earn a $200 bonus and up to 7X the national average with qualifying deposits. Terms apply. Member, FDIC.
Click here to see how much more you could be earning on your savings today. It takes just a few minutes to open an account to make your money work for you.
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.