Apple (NASDAQ: AAPL) blames poor earnings on slow sales in anticipation of the iPhone 5 and a sluggish economy. (Reuters)
The Federal Reserve searches for new ways to help the sagging economy. (Reuters)
Peugeot defends job cuts after posting poor first half numbers. (Reuters)
Google (NASDAQ: GOOG) offers concessions to EU regulators in the hope of settling disputes. (Reuters)
ARM Holdings (NASDAQ: ARMH) beats estimates on sales of chips for smartphones and tablets. (Reuters)
The Bank of England worried about JP Morgan (NYSE: JPM) trading a year before huge losses rattled the banks. (WSJ)
ArcelorMittal (NYSE: MT) posts poor earnings, which it blames on Europe. (WSJ)
Ford’s (NYSE: F) second quarter earnings will be hurt by Europe. (WSJ)
Loose laws about Medicare coverage by the states, based on the Supreme Court’s Obamacare decision, means 3 million fewer Americans will get insurance, according to the Congressional Budget Office. (WSJ)
Moody’s cuts its Aaa outlook on the European Financial Stability Facility to negative. (WSJ)
Walmart (NYSE: WMT) says it is against a “swipe fee” settlement with Visa (NYSE: V) and MasterCard (NYSE: MA). (WSJ)
Apple says it is due $2.5 billion from Samsung for patent violations. (WSJ)
CNOOC’s (NYSE: CEO) takeover of Nexen (NYSE: NXY) will make it one of the major players in the oil sands business in North America. (WSJ)
The head of bankrupt AMR says he will fairly evaluate merger options. (WSJ)
Wall St. researchers give information to institutional clients before it is offered to the public. (WSJ)
Deutsche Bank (NYSE: DB) will have poor earnings because of Europe problems. (WSJ)
Congress will examine companies that take and sell consumer data. (NYT)
Zero rates force Americans toward more risky investments. (FT)
The International Monetary Fund says China’s downside risks are considerable. (Bloomberg)
The Ifo reports poor German business confidence. (Bloomberg)
The EU increases efforts to make the European Central Bank the single watchdog of Europe’s financial systems. (Bloomberg)
Douglas A. McIntyre
Cash Back Credit Cards Have Never Been This Good
Credit card companies are at war, handing out free rewards and benefits to win the best customers. A good cash back card can be worth thousands of dollars a year in free money, not to mention other perks like travel, insurance, and access to fancy lounges. See our top picks for the best credit cards today. You won’t want to miss some of these offers.
Flywheel Publishing has partnered with CardRatings for our coverage of credit card products. Flywheel Publishing and CardRatings may receive a commission from card issuers.
Thank you for reading! Have some feedback for us?
Contact the 24/7 Wall St. editorial team.
Latest from 24/7
