The Twitter-24/7 Wall St. Market Report (8/26/2010) Dell Ups Offer, Jobless Claims

Twitter has, by most estimates, 100 million members, which makes it one of the largest social networks in the world. All major media companies are on Twitter and some have more than one million Twitter users. It raises the question of whether there is wisdom in crowds.

24/7 Wall St. will look at the Twitter posts at Reuters Biz, WSJ, Financial Times, CNN Money, Yahoo! Finance, and DailyFinance

MarketWatch: New Dell bid for storage company 3Par tops H-P’s counterbid http://on.mktw.net/bMOD0i

CNN Money: Number of people filing for initial jobless benefits fell to 473,000 last week; down 31,000 from previous week. $$

MarketWatch: U.S. weekly jobless-benefits claims fall 31,000 to 473,000 http://on.mktw.net/czBdCP

FT: Google to compete with Skype http://bit.ly/a6cPHF

WSJ: Dell raised its offer for 3PAR to $24.30 a share, topping H-P’s $24. http://on.wsj.com/a2ZHa5

Yahoo! Finance: Jobless claims; Recent rises in unemployment claims signal worsening job market, slowing economy http://yhoo.it/c4OCYM

DailyFinance: Amazon Brags About New Kindle Sales Without Revealing Numbers http://bit.ly/cXPJgN

Douglas A. McIntyre