Apple (NASDAQ: AAPL) has another blow-out quarter driven by iPhone sales. (Reuters)
Japan has its first trade deficit since 1980. (Reuters)
Yahoo! (NASDAQ: YHOO) posts weak earnings on a revenue drop. (Reuters)
International Monetary Fund’s Lagarde says that if Europe combined the ESFS and ESM rescue funds, it would raise confidence in the chance that a bailout of weak economies would work. (Reuters)
A PricewaterhouseCoopers study shows CEOs are concerned about a negative reaction to the situation in Europe. (Reuters)
More cracks are found in the wings of Airbus A380 super jumbos. (Reuters)
Roche offers $5.7 billion to buy gene map firm Illumina (NASDAQ: ILMN). (Reuters)
The Baltic Exchange’s measure of the cost of shipping commodities plunges, an indication of a slow economy. (Reuters)
Ericsson’s (NASDAQ: ERIC) shares plunge after it said profit for Q4 dropped sharply. (Reuters)
Facebook will suspend trading in its shares for three days, but does not explain why. (Reuters)
EU executives will block an NYSE Euronext (NYSE: NYX) merger with Deutsche Borse. (Reuters)
Google (NASDAQ: GOOG) to combine information on users, which will make it harder for them to keep private. (WSJ)
Morgan Stanley (NYSE: MS) presses to lead the Facebook IPO. (WSJ)
The parent company of British Air may be part of an AMR buyout. (WSJ)
The IMF cuts its forecasts for most nations around the world. (WSJ)
AMD (NYSE: AMD) shows a loss on large write-downs. (WSJ)
The Defense Department to reveal its plans for budget cuts. (WSJ)
The PMI of many parts of Europe rises. (WSJ)
EU finance ministers press Greece and its private creditors to settle differences on refinancing. (WSJ)
General Motors (NYSE: GM) is accused of using the government bailout as the means to make the Chevy Volt. (WSJ)
McDonald’s (NYSE: MCD) quarter is driven in part by late-night food sales. (WSJ)
Del Frisco’s Restaurant Group plans to go public to raise $100 million. (WSJ)
Olympus is in talks with Sony (NYSE: SNE) to raise $1.3 billion. (WSJ)
The Avenue Capital Group will take over Quiznos as part of a debt restructure. (WSJ)
Gannett (NYSE: GCI) buys Fantasy Sports Ventures so that it can focus more on sports news. (WSJ)
Daniel Mudd, CEO of Fortress (NYSE: FIG), leaves after charges of securities fraud. (WSJ)
Morgan Stanley makes only a small number of its executives new managing directors. (WSJ)
European banks restructure to improve balance sheets, but some moves may be blocked by regulators worried the changes could hurt the financial system. (NYT)
The European Central Bank faces losses on Greek bonds that could reach 55 billion euro. (NYT)
Oil imports helped drive Japan’s rare trade deficit. (NYT)
The IMF presses the ECB to take larger losses on Greek bonds. (FT)
Citigroup (NYSE: C) may make more spending cuts in its securities group. (Bloomberg)
Douglas A. McIntyre
Take Charge of Your Retirement: Find the Right Financial Advisor For You in Minutes (Sponsor)
Retirement planning doesn’t have to feel overwhelming. The key is finding professional guidance—and we’ve made it easier than ever for you to connect with the right financial advisor for your unique needs.
Here’s how it works:
1️ Answer a Few Simple Questions
Tell us a bit about your goals and preferences—it only takes a few minutes!
2️ Get Your Top Advisor Matches
This tool matches you with qualified advisors who specialize in helping people like you achieve financial success.
3️ Choose Your Best Fit
Review their profiles, schedule an introductory meeting, and select the advisor who feels right for you.
Why wait? Start building the retirement you’ve always dreamed of. Click here to get started today!
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.