Facebook reports that its revenue grew to more than $1 billion and its membership to 900 million. (Reuters)
Microsoft (NASDAQ: MSFT) sells some of the patents it bought from AOL (NYSE: AOL) to Facebook for $550 million. (Reuters)
Netflix (NASDAQ: NFLX) earnings and projections fail to impress Wall St., which pushed shares down by nearly 15%. (Reuters)
Dow AgroSciences may produce weed-resistent corn. (Reuters)
Google (NASDAQ: GOOG) may launch an online storage system to compete with Dropbox. (Reuters)
Yahoo! Japan my buy back shares from Yahoo! (NASDAQ: YHOO). (Reuters)
An ITC judge says Microsoft violated some of Motorola Mobility (NYSE: MMI) patents. (Reuters)
Several investment banks will cut employment as deal volume falls. (WSJ)
Social Security and Medicare will run through funds faster than previously expected. (WSJ)
General Motors (NYSE: GM) CEO Ackerson says he will stay as long as the board will have him. (WSJ)
The smartphone business increasingly becomes a race between Apple (NASDAQ: AAPL) and Samsung. (WSJ)
United Continental (NYSE: UAL) to buy 100 737s from Boeing (NYSE: BA). (WSJ)
Jana Partners buys 12% of Barnes & Noble (NYSE: BKS). (WSJ)
Verizon’s (NYSE: VZ) earnings press AT&T (NYSE: T) and Sprint-Nextel (NYSE: S) to do similarly well. (WSJ)
Mexican government officials question the operations of state-owned oil firm Pemex. (NYT)
China’s largest banks are challenged to find more capital. (NYT)
More and more EU officials react badly to Angela Merkel’s stand on austerity. (Bloomberg)
Douglas A. McIntyre
It’s Your Money, Your Future—Own It (sponsor)
Retirement can be daunting, but it doesn’t need to be.
Imagine having an expert in your corner to help you with your financial goals. Someone to help you determine if you’re ahead, behind, or right on track. With SmartAsset, that’s not just a dream—it’s reality. This free tool connects you with pre-screened financial advisors who work in your best interests. It’s quick, it’s easy, so take the leap today and start planning smarter!
Don’t waste another minute; 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.