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TWM Today: Wall Street

|Includes: BA, DISH, Alphabet Inc. (GOOG), GS, NOC
TWM Today: Wall Street

Google Testing TV ~ Google (NASDAQ:GOOG) is working with Dish Network (NASDAQ:DISH) to combine internet content with conventional TV. The service will allow users to search TV shows, videos, etc.

Boeing Sole Bidder ~ Northrop Grunman (NYSE:NOC) announced it was dropping out of the running to receive a $40B Air Force contract. Boeing (NYSE:BA) is the only company now with a bid to supply a fleet of aerial refueling tankers.

Goldman’s Law Suit ~ The International Brotherhood of Electric Workers Fund is suing the investment bank accusing them of overpaying its executives. The suit seeks to stop Goldman (NYSE:GS) from allocating 47% of 2009 net revenue as compensation.

Speculation Could Cost Greece ~ George Papandreou, Greece’s PM, asked the US and the EU to crack down on speculative trading convinced that it could dive up Greece’s borrowing costs and threaten efforts to ease its debt crisis.

Risky Move by Brazil ~ On Monday, Brazil moved to raise tariffs on American goods, potentially starting a trade war over cotton subsidies.


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