According to Reuters, China CITIC Bank is bidding to buy a stake in Bear Stearns (BSC)
Reuters reports that the National Retail Federation’s survey of its members shows retail sales are expected to grow under 4% this holiday season.
The Wall Street Journal writes that earnings at big oil producers should drop because the increased price of crude will not offset falling refinery margins.
The Wall Street Journal says that GM (GM) outlined billions of dollars of savings from its UAW deal.
The Wall Street Journal writes that Genentech (DNA) earnings rose 21%.
The Wall Street Journal writes that orders of Intel (INTC) chips are growing faster than PC sales, an indications that customers may have over-ordered.
The Wall Street Journal writes that Motorola (MOT) will buy half of a mobile software business owned by Sony Ericsson in a possible challenge to Nokia (NOK)
The New York Times writes that Google (GOOG) has launched video piracy software for YouTube.
The New York Times reports that oil prices rose above $86 a barrel.
The FT writes that shares of Ericsson dropped sharply on a profit warning.
Barron’s writes that NetFlix (NFLX) and Blockbuster (BBI) should be helped by the demise of Movie Gallery (MOVI).
Douglas A. McIntyre
Essential Tips for Investing (Sponsored)
A financial advisor can help you understand the advantages and disadvantages of investment properties. Finding a qualified financial advisor doesn’t have to be hard. SmartAsset’s free tool matches you with up to three financial advisors who serve your area, and you can interview your advisor matches at no cost to decide which one is right for you. If you’re ready to find an advisor who can help you achieve your financial goals, get started now.
Investing in real estate can diversify your portfolio. But expanding your horizons may add additional costs. If you’re an investor looking to minimize expenses, consider checking out online brokerages. They often offer low investment fees, helping you maximize your profit.
Thank you for reading! Have some feedback for us?
Contact the 24/7 Wall St. editorial team.
Latest from 24/7
