power button icon turquoise, isolated on blackFMX | Connect – www.fmxconnect.com - (Reported 7/22/2010)


 

 

 

 

 

 

  • Asian shares lower after U.S. losses; stronger yen hits Tokyo.
  • Bank failures could be key to European Union's stress test success.
  • Bernanke signalled that no moves were imminent to bolster the economic recovery.
  • China shares rise for 4th day, led by real estate and metals.
  • Dubai World to meet with its lenders to win approval for its $23.5B restructuring plan.
  • Financial Overhaul is law, now comes battle over its rules.
  • IMF calls for more ‘stress-test’ openness; unconvinced by stringency criteria.
  • Land prices in 105 Chinese cities rise 1.5% in Q2 from Q1.
  • ABB Q2 profit drops 8% to $623M, beats views. Sales fell 4% to $7.57B.
  • Abbott Labs' Q2 earnings were flat at $1.29B, despite revs rising by 18% to $8.8B.
  • Blackstone Group may purchase $1.15B worth of realty loans from Morgan Stanley's Japanese operations.
  • CAT's June net income rose from $371M last year to $707M this year.
  • China National Petroleum says a vital pipeline resumes operations after the reported oil spill.
  • Continental's June quarter net income up from a $213M loss last year to a $233M gain this year.
  • Credit Suisse posted a 1.3% rise in Q2 net profit, as the bank curbed costs.
  • Ford scuttles plans to raise new debt as overhaul chills market.
  • Freeport McMoRan reported a 10% jump in Q2 profit on sharply higher metals prices.
  • GM to purchase Americredit.
  • HNI beats by $0.04, reports Q2 EPS of $0.15 as revs rose 6.3% to $398.2M.
  • Hynix Semiconductor reported operating profit and sales that beat analysts’ estimates.
  • India may bid for BP stake in Vietnam to secure gas supplies.
  • Macquarie said to seek bids of $3.5B for Spirit Finance.
  • Motorola sues Huawei, alleging it was engaged in a plot to steal its latest technology.
  • Netflix's Q2 profit jumps 34% to $43.5M on subscriber gain. Revs up 27%.
  • Qualcomm 2010 rev f'cast tops some est., June qtr profit up 4.1% at $767M.
  • Roche half-year profit rises 37% due to strong drug sales and Genentech integration.
  • Santander eyes £3B UK autumn listing; seeks funding to buy 318 branches from RBS.
  • Sinopec shuts oil wells in Southern China on floods, says impact 'limited'.
  • UPS's June net income rises from $445M to $845M.
  • Volvo makes Q2 profit, due to higher demand and improved productivity.

 

Source: ZeroHedge


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