Toshiba cuts its profit forecasts and lowers guidance. (Reuters)
Honda (NYSE: HMC) posts a 65% drop in profits and cuts its outlook because of the yen and Thai floods. (Reuters)
Twenty-five nations, led by Germany, sign a bailout fund agreement. (Reuters)
Honda will launch its first business jet next week. (Reuters)
Research In Motion (NASDAQ: RIMM) independent directors agree that the chairman should not be a company executive. (Reuters)
German retail sales fall in December. (Reuters)
The WTO rules against Chinese policies on raw materials, but its rare earth exports are not addressed. (Reuters)
AT&T (NYSE: T) changes the roles of a number of its top managers. (Reuters)
Another director — Larry Babbio Jr. — leaves the Hewlett-Packard (NYSE: HPQ) board. (Reuters)
New 401(k) rules could help millions of American with savings. (WSJ)
State attorneys general have until the end of the week to join a bank mortgage settlement set by the federal government. (WSJ)
Banco Santander’s (NYSE: STD) profits drop 98% on its real estate holdings. (WSJ)
The vice chairman of Avon Products (NYSE: AVP) loses his job over an overseas bribery probe. (WSJ)
Symphony IRI reports that more shoppers are moving to store brands and away from traditional ones. (WSJ)
RadioShack (NYSE: RSH) shares fall on a profit warning. (WSJ)
Portugal’s borrowing costs rise to euro-area highs. (WSJ)
The Manhattan Institute reports racial segregation reached a 100-year low. (WSJ)
Verizon’s (NYSE: VZ) home broadband efforts compete with Verizon Wireless products. (WSJ)
Groupon’s (NASDAQ: GRPN) CEO defends the value of the company’s shares. (WSJ)
Starbucks (NASDAQ: SBUX) moves into India. (WSJ)
Pep Boys goes private. (WSJ)
Comscore reports that Facebook increased its display market share lead over Yahoo! (NASDAQ: YHOO) and Microsoft (NASDAQ: MSFT). (WSJ)
Many European companies begin to prepare for the economic fallout of a troubled Europe. (WSJ)
Moody’s says it was unaware of balance sheet risks taken by MF Global. (WSJ)
BSkyB will launch an online TV service. (NYT)
The Treasury Department investigates whether Freddie Mac invested based on an inability of some Americans to refinance their homes. (NYT)
A bill to curtail insider trading in Congress advances. (NYT)
EU banks may take loans of as much as $1 trillion because of financial trouble in the region. (FT)
Strong R&D and innovation can extend the life cycles of technology companies. (FT)
Greece is near a confrontation with the European Union over a rescue. (Bloomberg)
German unemployment fell more than expected in January, according to the Federal Labor Agency. (Bloomberg)
Portugal will sell more assets to help with its national debt reduction. (Bloomberg)
Douglas A. McIntyre
Credit Card Companies Are Doing Something Nuts
Credit card companies are at war. The biggest issuers are handing out free rewards and benefits to win the best customers.
It’s possible to find cards paying unlimited 1.5%, 2%, and even more today. That’s free money for qualified borrowers, and the type of thing that would be crazy to pass up. Those rewards can add up to thousands of dollars every year in free money, and include other benefits as well.
We’ve assembled some of the best credit cards for users today. Don’t miss these offers because they won’t be this good forever.
Flywheel Publishing has partnered with CardRatings for our coverage of credit card products. Flywheel Publishing and CardRatings may receive a commission from card issuers.
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.