Jul 29, 2011 4:18 PM ET
U.S. stocks struggled in anticipation that the House will make a progress on the debt vote and the Senate and the White House will find the agreement with the opposition. GDP growth slowed to 1.3% in the second quarter and depth of the 2007-2009 recession was revised deeper.
Jul 29, 2011 12:22 PM ET
American Electric Power second quarter net earnings rose to $352 million. Amgen second quarter net income fell to $1.17 billion. Chevron second quarter net income surged to $7.73 billion. Merck second quarter net income rose to $2.02 billion. Starbucks third quarter net earnings rose 34% to $2.8 bn.
Jul 29, 2011 10:38 AM ET
The UK indexes dropped after consumer confidence fell to a two-year low in July and home prices increased 0.2% in July. UK mortgage approvals increased in June. British Sky Broadcasting net declined 8%.
Jul 29, 2011 10:10 AM ET
U.S. indexes declined after GDP expanded at a slower pace of 1.3% in the second quarter. The debt ceiling impasse continued after the Republican lawmakers delayed a critical vote yesterday. Merck plans to cut up to 13,000 positions by the end of 2015.
Jul 29, 2011 8:56 AM ET
Stocks in Japan fell for the third day in a row as the U.S. faces debt default. The irresponsible lawmakers in the House are playing reckless with the U.S. economic recovery and the endangering world economic growth. Nintendo plunged 20% on weak sales and Nisshin Steel lifted annual earnings view.
Jul 29, 2011 8:52 AM ET
Euro-zone inflation eased to 2.5% in July. German retail sales rose more than estimated and French consumer spending improved in June. Spain jobless rate declined to 20.9% in the second quarter.
Jul 29, 2011 8:03 AM ET
European indexes traded lower after ratings agency placed Spain''s ratings on review for possible downgrade. The U.S. debt ceiling impasse added to traders’ woes and overshadowed earnings from EDF, Continental, and EADS.
Jul 29, 2011 7:23 AM ET
The Australian benchmark index declined to 11-month low as the global economic growth was endangered by the irresponsible U.S. lawmakers. U.S. is only three days away from a debt default that could slow the incipient economic recovery and raise rates worldwide.
Jul 28, 2011 4:19 PM ET
The Republican Party controlled U.S. House is expected to vote on the revised deficit bill as investors demand a plan for a loge term debt solution that needs cuts in military and increase taxes for wealthy. Stocks wavered and gold and commodities traded near recent highs.
Jul 28, 2011 2:29 PM ET
Aflac second quarter net earnings declined 52%. CME second quarter net rose 8% to $293.7 million. Exxon Mobil second quarter net income surged 41% to $10.7 billion. E.I. du Pont second quarter net income rose 5% to $1.2 billion. Royal Dutch Shell second quarter net income surged 97% to $8.7 billion.