Blackstone (NYSE: BX) will complete the capital raise for its $16 billion fund. (Reuters)
The EU agrees to an embargo on Iranian oil. (Reuters)
Citing defense cuts, Boeing (NYSE: BA) closes it plant in Wichita. (Reuters)
Japan Air plans to list its shares in a $13 billion IPO. (Reuters)
Apple (NASDAQ: AAPL) hires an Adobe (NASDAQ: ADBE) executive to run its iAd business. (Reuters)
Fiat raises its ownership in Chrysler to 58.5%. (Reuters)
Eastman Kodak (NYSE: EK) to declare bankruptcy later this month. (WSJ)
Congress will examine which ratings firms failed to do more to warn on MF Global’s European investments. (WSJ)
Apartment vacancy rates fall as people prefer renting over buying. (WSJ)
Comcast (NASDAQ: CMCSA) and Walt Disney (NYSE: DIS) will put more video from TV behind pay walls on the web. (WSJ)
Farmers face a shortage of corn. (WSJ)
BMW sales top Mercedes in the U.S. for 2011. (WSJ)
The Federal Reserve calls on Congress to do more about the battered housing market. (WSJ)
Prime Minister Lucas Papademos says Greece faces default if it does not receive a second bailout. (WSJ)
Verizon Wireless sells 4.2 million iPhones in the fourth quarter, which will damage its margins. (WSJ)
U.S. auto sales rise strongly in December. (WSJ)
Chevron (NYSE: CVX) faces a decision from an Ecuador court on environmental issues that may dog the U.S. company for years. (WSJ)
Barnes & Noble (NYSE: BKS) puts its Sterling Publishing unit up for sale. (WSJ)
Auto lenders target people who fall behind on home mortgages. (WSJ)
China will create new measures to make it easier for banks to clear yuan across borders. (WSJ)
Nielsen SoundScan says sales of full albums rose 1.3% last year to 330.6 million. (NYT)
If the Strait of Hormuz is closed, oil prices could quickly rise 50% and gas to $4. (NYT)
Americans have less economic mobility than people in many other nations. (NYT)
Spain says that its banks would need 50 billion euro to clean up their balance sheets. (FT)
France will try to raise $10.4 billion at low rates to demonstrate confidence in its economy. (Bloomberg)
Toyota’s (NYSE: TM) sales in China rose only 4% last year, underperforming the market. (Bloomberg)
Apple’s profit margins probably rose because of pressure it put on supplier Foxconn. (Bloomberg)
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
