Facebook will launch an IPO to raise $5 billion. (Reuters)
Amazon.com (NASDAQ: AMZN) says costs may drive it to a loss this quarter. (Reuters)
Sony (NASDAQ: SNE) appoints Kazuo Hirai as CEO. (Reuters)
China’s PMI is better than expected. (Reuters)
Patent plaintiffs file actions against Facebook ahead of its IPO. (Reuters)
Panasonic and Samsung will try to set financial ties to troubled Olympus. (Reuters)
Blackstone (NYSE: BX), Morgan Stanley (NYSE: MS) and DE Shaw are among Kodak’s largest creditors. (Reuters)
The U.S. to charge some Credit Suisse employees with mortgage bond fraud. (WSJ)
President Obama will try to set plans for millions to refinance mortgages. (WSJ)
Walt Disney (NYSE: DIS) to buy India entertainment company UTV Software Communications. (WSJ)
Hulu will press its entry into original programs. (WSJ)
Barnes & Noble (NYSE: BKS) says it will not offer certain Amazon.com books. (WSJ)
U.S. refiners and the United Steelworkers come to an agreement just ahead of a strike. (WSJ)
The U.S. deficit will be above $1 trillion again in the next year. (WSJ)
As Greece moves closer to default, Germany presses its case for more control over the small nation’s budget. (WSJ)
The European Central Bank faces huge losses from a Greek default. (WSJ)
Corn and tin prices rise rapidly. (WSJ)
Chrysler may do more to save Fiat than Fiat did for Chrysler. (WSJ)
The stock market has its best January gains in 15 years. (WSJ)
Natural gas futures fall 7.7%, nearly a one-day record. (WSJ)
Officials track more than 90% of the money lost from MF Global customer accounts. (NYT)
A new rare earth plant will open in Malaysia. (NYT)
The Pension Benefit Guaranty Corporation has attached some AMR assets to help employees to get benefits. (NYT)
New jobs data show the great differences among EU economies. (FT)
Greek bondholders may set a deal to get a better return if its economy recovers. (Bloomberg)
China’s home prices fall for the fifth month in January. (Bloomberg)
Douglas A. McIntyre
Travel Cards Are Getting Too Good To Ignore (sponsored)
Credit card companies are pulling out all the stops, with the issuers are offering insane travel rewards and perks.
We’re talking huge sign-up bonuses, points on every purchase, and benefits like lounge access, travel credits, and free hotel nights. For travelers, these rewards can add up to thousands of dollars in flights, upgrades, and luxury experiences every year.
It’s like getting paid to travel — and it’s available to qualified borrowers who know where to look.
We’ve rounded up some of the best travel credit cards on the market. Click here to see the list. Don’t miss these offers — they won’t be this good forever.
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.