S&P’s threat of a downgrade of eurozone nations puts huge pressure on the region’s leaders. (Reuters)
An independent panel that reviewed the financial activity of Olympus suggests legal action be taken. (Reuters)
An MIT report says the U.S. power grid is vulnerable to cyber attacks. (Reuters)
BP (NYSE: BP) says high oil prices could hurt global growth. (Reuters)
Samsung announces a new flash memory chip operation in China to cost as much as $4 billion. (Reuters)
John Corzine ignored warnings about his firm’s risky trades, some of which were given to his board by management. (WSJ)
Merkel and Sarkozy will support changes in the euro area treaty that would hold nations more closely to their budgets. (WSJ)
Ford (NYSE: F) begins to search for a CEO as Alan Mulally plans to leave within two years. (WSJ)
AMR (NYSE: AMR) likely will make deep expense cuts so it can exit Chapter 11. (WSJ)
Kraft Foods (NYSE: KFT) announces who will manage the two divisions into which the company will be broken. (WSJ)
Clearwire (NASDAQ: CLWR) will try to raise $300 million. (WSJ)
California Governor Jerry Brown will try to get a tax on high-income residents to cover the costs of education. (WSJ)
Alpha Natural Resources (NYSE: ANR) will pay fines to cover a mining disaster that happened before it owned the operator of the mine involved — Massey. (WSJ)
BP says Halliburton (NYSE: HAL) destroyed evidence about the Deepwater Horizon disaster. (WSJ)
A leading Greek politician says his country’s recession will last through 2013. (WSJ)
Viacom (NYSE: VIA) expects strong ad growth in the near term. (WSJ)
ConocoPhillips (NYSE: COP) says that two agencies approved its drilling in the Alaska’s National Petroleum Reserve. (WSJ)
Eastman Kodak (NYSE: EK) changes some of its advisers as it tries to avoid Chapter 11. (WSJ)
Norway’s sovereign-wealth fund pushes to replace board members at some U.S. firms it owns. (WSJ)
Debate over whether Walmart (NYSE: WMT) will hurt local merchants in India has caused deep rifts in a government that may let large retailers own stores in the country. (NYT)
An antitrust hearing will check issues with the Express Scripts (NASDAQ: ESRX) and Medco Health Solutions (NYSE: MHS) merger. (NYT)
Edgar M. Bronfman Jr. departs as chairman of Warner Music Group (NYSE: WMG). (NYT)
Dubai may refinance $10 billion in state debt. (FT)
Douglas A. McIntyre
The Average American Has No Idea How Much Money You Can Make Today (Sponsor)
The last few years made people forget how much banks and CD’s can pay. Meanwhile, interest rates have spiked and many can afford to pay you much more, but most are keeping yields low and hoping you won’t notice.
But there is good news. To win qualified customers, some accounts are paying almost 10x 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 up to 3.80% with a Checking & Savings Account today Sign up and get up to $300 with direct deposit. No account fees. FDIC Insured.
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.
Our top pick for high yield savings accounts includes other benefits as well. You can earn up to 4.00% with a Checking & Savings Account from Sofi. Sign up and get up to $300 with direct deposit. No account fees. FDIC Insured.
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.