5 Things You Need to Know Before the Stock Market Opens (Correct)
An earlier version of this story incorrectly stated that Apple holds its shareholder meeting today. The event will not be held until Thursday.
BOSTON (
) --
Contracting manufacturing activity
in China and Europe leads your quick fix of company, market, economic and investing news for Wednesday, Feb. 22.
Wednesday's 5 Biggest Stories
China's manufacturing activity
spent a fourth straight month in contraction in February, with new export orders falling hard.
Reuters
The story is the same in Europe, where
eurozone composite PMI
contracted unexpectedly in February.
Obama is set to unveil a new
revamped tax program
that would lower the effective tax rate for corporations but would kill off other deductions.
TheStreet Recommends
Regarding the second
Greek bailout
: ""Unfortunately it doesn't feel like the world has changed a whole lot."
A U.S. consumer agency says that
bank overdraft fees
hurt consumers. Don't worry, the banks will find other ways to nickel and dime customers.
Reuters
Company News
Dell
(DELL) - Get Dell Technologies Inc Class C Report
blames its bad quarter on hard drive supply issues.
Citigroup
(C) - Get Citigroup Inc. Report
is staring at a multi-billion dollar hit on its stake in Morgan Stanley Smith Barney.
There is a significance to the key reversal in
Apple's
(AAPL) - Get Apple Inc. Report
stock last week.
Oh, and Thursday is the day
Apple shareholders
meet for their annual meeting.
Reuters
Johnson & Johnson
(JNJ) - Get Johnson & Johnson Report
CEO Weldon has been recalled and pulled off of the shelf.
Chicago Tribune
Odds and Ends
Dow 13,000
is either an awesome symbol of hope or completely meaningless, depending on who you ask.
Happy Wednesday. You're about halfway through this holiday-shortened week. Here's a song by
The xx
to start the day off.
-- Written by Robert Holmes in Boston
.
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.
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Disclosure: TheStreet's editorial policy prohibits staff editors, reporters and analysts from holding positions in any individual stocks.
