Business
Crunch time for Europe's banking credibility (Reuters) PDF Print E-mail
Friday, 23 July 2010 15:56
Reuters - Europe's attempt to restore confidence in its banks comes to a head on Friday with widespread expectation that up to 10 lenders will fail the test and have to raise capital.
 
Wall Street edges up on earnings, ahead of stress tests (Reuters) PDF Print E-mail
Friday, 23 July 2010 15:51

Steven Streit (L), President and Chief Executive Officer of Green Dot Corporation, waits for his company's IPO with Specialist Michael Sollitto on the floor of the New York Stock Exchange July 22, 2010. Shares of prepaid debit-card company Green Dot Corp and energy efficiency consulting company Ameresco Inc rose in their market debuts on Thursday, with Green Dot up sharply. REUTERS/Brendan McDermidReuters - The S&P 500 and Dow Industrials edged higher on Friday as another round of solid corporate earnings offset uncertainty ahead of European bank stress test results.
 
Verizon posts 2Q loss on costs of employee buyout (AP) PDF Print E-mail
Friday, 23 July 2010 15:51

In this July 21, 2010 photo, a Best Buy customer looks at a Motorola Droid phone by Verizon in Mountain View, Calif. Verizon posts a loss for the second quarter Friday, July 23, 2010, due to a buyout for 11,000 workers, and its revenue comes in below Wall Street expectations.(AP Photo/Paul Sakuma)AP - Verizon Communications Inc. on Friday said it lost $198 million in the second quarter due to a buyout for 11,000 workers.
 
Manufacturers continue streak of profit beats (Reuters) PDF Print E-mail
Friday, 23 July 2010 15:45
Reuters - Manufacturers Honeywell International Inc , Ingersoll-Rand Plc and Dover Corp posted better-than-expected results on Friday, saying they were increasingly confident in the economic recovery.
 
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