According to Reuters, Apple’s (AAPL) forecast for its next quarter disappointed Wall St. sending shares down 13%.
Reuters writes that Texas Instruments (TXN) posted higher profits.
Reuters reports that Big Oil’s rally may be threatened by the recession.
Reuters reports that the head of PepsiCo (PEP) says that comfort food sales will not be hurt by the recession.
Reuters writes that Microsoft (MSFT) and Dell (DELL) will jointly market computers with part of the sales price going to donating AIDS-fight drugs in Africa.
The Wall Street Journal writes that the government’s stimulus plan could be broadened.
The Wall Street Journal writes that Starbucks (SBUX) will test a $1 cup of coffee.
The Wall Street Journal writes that a turnaround at Sears (SHLD) may include a spin-off of its real estate holdings.
The Wall Street Journal writes that the fall in the stock market could kill some LBO deals like those for Clear Channel and BCE.
The New York Times writes that Ambac (ABK) is looking for alternative financing after posting a large loss.
The New York Times writes that more than half of Wal-Mart’s workers have enrolled in its healthcare plan.
The FT writes that some officials are telling sovereign funds that they should adopt a common code for disclosures as they invest in overseas companies.
Barron’s reports that STMicro (STM) reported in line earnings.
Bloomberg writes that an investment strategist concludes that stocks need to drop 4% more to price in a recession.
Douglas A. McIntyre
The Average American Is Losing 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% today, and inflation is much higher. Checking accounts are even worse.
Every day you don’t move to a high-yield savings account that beats inflation, you lose more and more value.
But there is good news. To win qualified customers, some accounts are paying 9-10x this national average. That’s an incredible way to keep your money safe, and get paid at the same time. Our top pick for high yield savings accounts includes other one time cash bonuses, and is FDIC insured.
Click here to see how much more you could be earning on your savings today. It takes just a few minutes and your money could be working for you.
Thank you for reading! Have some feedback for us?
Contact the 24/7 Wall St. editorial team.
Latest from 24/7
