Wednesday's 5 Biggest Stories
choice to go to war with
over tablet computing dominance cost investors $20 billion.
booked its 10th quarterly profit in a row, but the real story is the automaker's
Eurozone debt crisis
news: Perhaps taking a vacation with the fate of your currency hanging in the balance was a bad idea?
will face charges for insider trading.
A deal has reportedly been reached for a
50% haircut on Greek bonds
Quote of the Day
"I, like you, get a little incensed when you think about how much good all of you do, whether it's volunteer hours, charitable giving we do, serving clients and customers well,"
Bank of America
CEO Brian Moynihan told the bank's employees in a town hall meeting. He added, addressing
Bank of America's critics
, "You ought to think a little about that before you start yelling at us." I suppose people who bought at $15 when he took over the bank in January 2010 don't have a right to be "incensed."
Other Company News
If you can't beat 'em, join 'em. Hedge fund manager Whitney Tilson goes long
after losing on his bearish bet.
Virginia Rometty will take over as CEO of
next year. It's nice to see IBM hiring from within, rather than recycling unemployed former tech leaders the way baseball teams cycle through managers.
One day after its CEO abruptly leaves,
surprises the market again with some ugly quarterly numbers.
will not come to the rescue of Europe.
credit default swaps
S&P 500 trading range
of 2011 matches the trading range of 2010, right before the breakout.
When searching for yield, don't fall into the trap of believing that
dividend stocks are the same as bonds
Someone asks if it's time now to sell Bruce Berkowitz's
after it has already dropped 25% this year.
We might be seeing a
massive double top in bonds
Odds and Ends
wants Aaron Sorkin to write the movie about
co-founder Steve Jobs.
-- Written by Robert Holmes in Boston
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