Many economists believe it is too late for the U.S. to keep its Aaa rating (Reuters)
Electronic Arts (NASDAQ: ERTS) posted better-than-expect earnings (Reuters)
Analysts are concerned that slow holiday sales of electronics will damage chip revenue (Reuters)
Dunkin’ Donuts prices its IPO at $19 a share (Reuters)
House Speaker Boehner’s deficit plan faces resistance from the right (WSJ)
Companies have begun to make financial plans based on a government default (WSJ)
Banks are in disagreement with government officials about who is responsible for improper foreclosures (WSJ)
Results from the car industry are expected to be strong, but not strong enough to help the balance of the economy (WSJ)
Amazon.com’s (NASDAQ: AMZN) growth has come at the expense of margins (WSJ)
Fox will make recent episodes of shows available by paid subscription (WSJ)
Wal-Mart (NYSE: WMT) will offer a new video streaming product (WSJ)
The U.S. Postal System sent out a list of nearly 3,700 office that might be closed (WSJ)
Home prices and sales of new homes dropped again (WSJ)
The U.N. Conference on Trade and Development said business investment outside nations where companies have their headquarters will not hit pre-crisis levels until 2013 (WSJ)
The new head of the IMF thinks the agency may need more money for future financial crisis trouble (WSJ)
CEOs do not expect much new hiring in the short term (WSJ)
McDonald’s (NYSE: MCD) added more healthy foods to it menus (WSJ)
Eastman Kodak’s (NYSE: EK) earnings declined along with demand for cameras made worse by high silver prices (WSJ)
Investors and borrowers may be badly hurt by a U.S. default (NYT)
The Treasury may have cash on hand to pay bills for a week after the supposed August 2 default deadline (NYT)
U.S. money market funds have built liquidity ahead of a potential default (FT)
Foreign investment in Brazil’s markets fell 70% last year (FT)
Daimler’s results were helped by SUV sales (Bloomberg)
Douglas A. McIntyre
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