Greece’s parliament passes austerity measures as people riot. (Reuters)
President Obama’s new budget plan will be based in part on taxation of the rich. (Reuters)
Olympus forecasts a $412 million loss. (Reuters)
Apple (NASDAQ: AAPL) sues Samsung in California over patents. (Reuters)
China Investment Corp. says EU bonds were not a superior investment. (Reuters)
Security officials say the version of Google (NASDAQ: GOOG) Wallet that runs on some Sprint-Nextel (NYSE: S) phones may be hacked. (Reuters)
Vodafone (NASDAQ: VOD) may buy C&W Worldwide. (Reuters)
Avon (NYSE: AVP) foreign bribery case is presented to a grand jury. (WSJ)
The Confederation of British Industry says the UK is not in recession. (WSJ)
Gannett (NYSE: GCI) will offer buyouts to 665 people. (WSJ)
A WSJ survey of economists shows they expect modest growth this year. (WSJ)
Paul Volcker defends his view that banks should not be allowed to do proprietary trading. (WSJ)
A drought in Texas will raise cotton prices. (WSJ)
Profits at U.S. companies fall as cost cutting options decrease. (WSJ)
More tech firms move to selling devices that combine software, hardware and content. (NYT)
The Securities and Exchange Commission probes practices at private equity firms. (NYT)
A study from the Pew Research Center Project for Excellence in Journalism shows online news sites do a poor job of targeting ads to readers. (NYT)
China wants banks to roll over $1.7 trillion of loans to local governments. (FT)
China’s GDP falls 2.3% in the final quarter of last year. (FT)
Access to junks bonds helps the leveraged buyout market. (FT)
EU financial chiefs will discuss the new Greek bailout. (Bloomberg)
Job cuts by EU companies rise sharply. (Bloomberg)
Douglas A. McIntyre
It’s Your Money, Your Future—Own It (sponsor)
Are you ahead, or behind on retirement? For families with more than $500,000 saved for retirement, finding a financial advisor who puts your interest first can be the difference, and today it’s easier than ever. SmartAsset’s free tool matches you with up to three fiduciary financial advisors who serve your area in minutes. Each advisor has been carefully vetted and must act in your best interests. Start your search now.
If you’ve saved and built a substantial nest egg for you and your family, don’t delay; get started right here and help your retirement dreams become a retirement reality.
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.