FMX | Connect – www.fmxconnect.com - (Reported 7/26/2010)
- Asian stocks rise to one-month high on European stress tests.
- EU to adopt new sanctions package against Iran's nuclear program.
- European Union stress tests found banks need to raise €3.5B ($4.5B) of capital.
- Japan's stocks rise after Europe stress tests end, Yen slides.
- Global economy slowing to 3.25% from 4.7% recent average.
- IMF, EU inspectors in Greece for fiscal checkup required by rescue loans.
- Oil hover near $79 in Asia as strong US corporate earnings boost investor optimism.
- BP resumes efforts to drill relief well in Gulf of Mexico.
- Clorox expects to receive $750M for STP and Armor All.
- Deutsche Bank may report lower Q2 profit as Europe’s sovereign debt crisis led to a decline in trading revenue.
- Dubai Financial Market Co. Q2 profit tumbled 80% to 25.9 million U.A.E. dirhams ($7M).
- Embattled BP Chief Hayward to depart, Robert Dudley to succeed.
- Enbridge Energy beats by $0.14, posts Q2 EPS of $0.85. Revs rose 34.5% to $1.75B.
- Ericsson posted a worse-than-expected Q2 profit on 7.9% lower sales.
- Ford introduces new Explorer that focuses on fuel economy.
- Goldman threatened with audit by US panel; FCIC holds to demand for derivatives data.
- Harvey Norman's sales drop 4% after Australian government stimulus ends
- Ingersoll-Rand's Q2 profit rose 61% to $196.4M; raises its guidance for 2010 EPS.
- Johnson Controls doubles Q3 profit; results, f'cast lag views.
- Kimberly-Clark Q2 profit rises 24% to $498M on cost controls. Lower FY rev growth est.
- Pearson 1st half profit more than trebles to $142 million.
- Penson CEO sees retail traders skittish on market volatility.
- Sanofi cuts outlook after FDA approves Lovenox copy.
- Sanofi-Aventis may not be the only company to eye Genzyme Corp.
- Singapore Air profit tops estimates on travel rebound with net income of $185M.
- Sohu Q2 profit dips slightly, but beats forecasts.
- Sony to return to operating profit in 1Q.
- T. Rowe Price Q2 profit up 59% on jump in advisory fees. Revs up 30.6% at $577.4M.
- Verizon swung to Q2 loss of $198M as it booked $2.3B in charges related to layoffs.
Source: ZeroHedge
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