The European Central Bank bailout pledge helps companies in the region to borrow inexpensively. (Reuters)
Samsung makes a profit of $7.3 billion but says the next quarter will be weaker. (Reuters)
The head of Greece says his nation needs money by November to stay financially viable. (Reuters)
Toyota Motor Co. (NYSE: TM) sales in China are hurt by the dispute between the two nations. (Reuters)
The S&P 500 is near a five-year high. (Reuters)
Zynga Inc. (NASDAQ: ZNGA) warns on earnings and shares fall to a 52-week low. (Reuters)
Sprint Nextel Corp. (NYSE: S) may make a bid for MetroPCS Communications Inc. (NYSE: PCS) to rival Deutsche Telekom A.G.’s (NYSE: DT). (Reuters)
Natural gas companies increase exports as a means of offsetting the lagging price in the United States. (WSJ)
Layaway programs hurt the inventory of popular toys. (WSJ)
The Bank of Japan does not change its asset purchase plans. (WSJ)
Limits on tax deductions as a means to increase Treasury income have become more popular among political leaders. (WSJ)
Dave & Buster’s Entertainment kills its IPO. (WSJ)
Cisco Systems Inc. (NASDAQ: CSCO) promotes two managers who are candidates to become chief executive. (WSJ)
Chinese firms face an oversupply of solar panels. (NYT)
Private equity companies move away from European investments. (NYT)
The head of Morgan Stanley (NYSE: MS) says banks are still paid too well. (FT)
Google Inc.’s (NASDAQ: GOOG) legal settlement with book publishers will pressure Amazon.com Inc. (NASDAQ: AMZN). (FT)
European Union officials doubt that Spain’s deficit cuts are sufficient to provide it aid. (Bloomberg)
The International Monetary Fund will not aid Greece if it believes new budgets will not work to close budget gaps. (Bloomberg)
Douglas A. McIntyre
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