Softbank probably will pursue its bid for Sprint Nextel Corp. (NYSE: S), even though DISH Network Corp. (NASDAQ: DISH) has made a bid of its own. (Reuters)
The European Union may ask Google Inc.’s (NASDAQ: GOOG) competitors about a proposed settlement of antitrust charges. (Reuters)
MetroPCS Communications Inc. (NYSE: PCS) asks its shareholders to vote for a new offer from T-Mobile. (Reuters)
Gold drops to a two-year low after the biggest sell-off since the 1980s, based on a percentage drop. (WSJ)
Huawei plans to increase its presence in the smartphone marketplace. (WSJ)
J.C. Penney Co. Inc. (NYSE: JCP) takes $850 million from its credit line to allow its new CEO time to turn around the company. (WSJ)
Ford Motor Co. (NYSE: F) sharply increases its investment in China. (WSJ)
Alibaba will offer its own smartphone operating system, which may compete with Google’s. (WSJ)
American bank officials want more details about how large banks would dismantle themselves if events make them no longer viable. (WSJ)
Large pharmaceutical companies use drug safety laws to slow the introduction of some generics. (NYT)
The rift among EU nations over the value of austerity grows. (NYT)
AMR submits its final plan to end Chapter 11. (NYT)
Huge firm Energy Future Holdings enters Chapter 11 in an attempt to cut billions in debt. (NYT)
The South Korean government takes steps to reignite its economy. (FT)
China’s new, slower growth pattern may be permanent. (FT)
Volkswagen, BMW and other EU car companies will spend as much as $25 billion by 2017 to set manufacturing facilities outside the troubled region. (Bloomberg)
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.