TOP STORIES 
 
GLOBAL STOCKS REBOUND AFTER SELLOFF 

Stocks rose on Tuesday, as a relatively muted decline in Chinese shares allowed investors to focus on upbeat corporate earnings and the Federal Reserve's monetary-policy meeting.

U.S. CONSUMER CONFIDENCE FALLS 

Consumers unexpectedly took a dimmer view of the U.S. economy this month. The Conference Board research group said its index of consumer confidence fell to 90.9 in July from a revised 99.8 in June.

BP POSTS $6 BILLION LOSS 

BP swung to a loss as earnings were hit by lower oil prices and a multibillion-dollar charge relating to its recent Deepwater Horizon settlement.

INTEL, MICRON CLAIM MEMORY-CHIP BREAKTHROUGH 

Intel and Micron say they developed a new breed of memory chips that could bring dramatic performance gains to computers, smartphones and other kinds of high-tech products.

AIG NAMES NEW INVESTMENT CHIEF 

American International Group said it is buying First Principles Capital Management and tapped the private-investment management firm's top executive as its new investment chief.

HOME-PRICE GROWTH REMAINED SOLID IN MAY 

Home prices made solid gains in May, according to a report released Tuesday, as the housing market increasingly appears to be regaining strength after a long, uneven recovery.

REGULATORS GIVE FIRST FEEDBACK TO FINANCIAL FIRMS ON 'LIVING WILLS' 

U.S. regulators gave three large nonbank financial firms initial feed back on the "living wills" they must create to describe how they would go through bankruptcy without causing broader economic damage.

UPS EARNINGS SURGE, LED BY INTERNATIONAL SEGMENT 

United Parcel Service reported earnings that came in better than expected as all three of its main segments saw improved operating profit despite falling revenue.

FORD POSTS 44% JUMP IN PROFIT 

Ford said steady demand for pickup trucks and SUVs pushed its North American operation's second-quarter profit to record levels, helping offset softer conditions in China and continued losses in Europe.

PFIZER BOOSTS ITS EARNINGS OUTLOOK 

Pfizer lifted its full-year outlook as its new treatments continued to drive growth in the second quarter.

NATO SIGNALS SUPPORT FOR TURKEY AFTER TERROR ATTACKS 

Brussels meeting requested by Turkey follows series of attacks and Ankara's decision to step up strikes in Syria and Iraq

DUPONT TRIMS OUTLOOK ON AGRICULTURAL WEAKNESS 

DuPont trimmed its earnings outlook for the year on weakness in agricultural business and exchange-rate fluctuations.

ALLY FINANCIAL'S PROFIT FALLS 

Ally Financial Inc. said its profit fell in the most-recent quarter, though the lender recouped almost all of the auto-origination business that it lost from former parent General Motors Co.

CATERPILLAR TO BUY BACK $1.5 BILLION IN SHARES 

Heavy-equipment maker Caterpillar is accelerating its share repurchases while separately planning to build its own dump trucks.

MERCK EARNINGS HURT BY ARTHRITIS DRUG KNOCKOFFS 

Low-cost knockoffs of the arthritis treatment Remicade in Europe hurt Merck & Co.'s second-quarter sales and earnings, a harbinger of the pressure facing sellers of other costly biotechnology drugs in the coming years.

STATOIL PROFIT SLIPS 

The Norwegian oil and gas company posted a 16% drop in second-quarter profit, hit by the continuous slide in oil prices and further losses from operations overseas.

SUPERVALU TO CONSIDER SPINOFF OF SAVE-A-LOT 

Supervalu Inc. said Tuesday that it is considering spinning off its Save-A-Lot chain to better focus on its other segments, as the discount chain reported better-than-expected results for the June quarter.

GRUBHUB RAISES 2015 OUTLOOK 

GrubHub raised its 2015 guidance, as the online food ordering and delivery company reported that its second-quarter earnings surged.

HONEYWELL PAYS $5.1 BILLION FOR GERMAN-BASED ELSTER 

Honeywell has agreed to buy German-based energy and water business Elster Group from the U.K.'s Melrose Industries for £ 3.3 billion ($5.1 billion) in cash.

LVMH'S SECOND-QUARTER REVENUE RISES 23% 

LVMH Moë t Hennessy Louis Vuitton's second-quarter revenue rose 23% as the French luxury goods company benefited from a weak euro and strong sales at its formerly struggling Louis Vuitton brand.

 
 
 
  ======= DOW JONES NEWSWIRES ANALYSIS AND COMMENTARIES ======= 
 
 
Digits Blog 
TWITTER EARNINGS: WHAT TO WATCH 
 

Twitter's CEO search, user growth and ad strategy are among the key topics when the company reports its quarterly results Tuesday. Here's what you need to know ahead of the report.

 
Markets Main 
WANTED IN CHINA: PUBLIC FACE TO CALM TURBULENT MARKETS 
 

Since China's stock boom turned bust more than a month ago, the Chinese government's rescue effort has been missing one feature found in markets elsewhere: a senior figure stepping forward to stop the panic.