TOP STORIES
WANTED IN CHINA: PUBLIC FACE TO CALM TURBULENT MARKETS
Wanted in China: a reassuring face to tell panicking investors
that everything will be all right.
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.
AIG TO BUY FIRST PRINCIPLES
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, SAYS CASE SHILLER
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.
UPS EARNINGS SURGE, LED 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 North
American 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.
AT P&G, LAFLEY PREPARES TO HAND OVER REINS
Procter & Gamble is expected to soon name David Taylor as
CEO, succeeding A.G. Lafley, who came out of retirement to take a
second stint running the company.
DUPONT TRIMS OUTLOOK ON AGRICULTURAL WEAKNESS
DuPont on Tuesday trimmed its earnings outlook for the year, as
weak demand in crop protection markets, lower corn area in Latin
America and tepid soybean volumes weigh on its agricultural
business.
ALLY FINANCIAL'S PROFIT FALLS
Ally Financial said its profit fell in the most-recent quarter,
hurt by a charge for early debt extinguishment, while
automotive-finance originations were relatively flat.
MERCK EARNINGS TOP VIEWS AMID COST CUTS
Merck reported better-than-expected profits for the June quarter
amid lower costs and said it planned to buy a cancer drug developer
for $95 million.
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.
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.
JAPAN'S ORIX TO BUY AIRCRAFT FROM GE
Orix said it is buying 17 aircraft from General Electric's
aviation unit, the latest example of Japanese financial
institutions bulking up in the aircraft-leasing business.
NATO MEETS OVER TURKEY'S SECURITY AFTER TERROR ATTACKS
Ambassadors to NATO met in Brussels to consult with Turkey
following a series of terror attacks in the country and Ankara's
decision to step up strikes in Syria and Iraq.
REYNOLDS AMERICAN LIFTS EARNINGS OUTLOOK
Reynolds American Inc. lifted its earnings outlook for the year
as its recent acquisition of Newport-cigarette maker Lorillard Inc.
helped drive growth in the second quarter.
JETBLUE'S REVENUE GROWS ON LOWER FUEL PRICES
JetBlue said its revenue grew 7.9% in the June quarter, as the
airline continued to benefit from lower fuel prices and higher
traffic.
U.K. ECONOMY STEPS UP A GEAR
The British economy picked up in the second quarter thanks to a
rebound in the U.K.'s hefty services sector, raising questions
about how much longer the Bank of England can keep interest rates
pegged at record lows.
ZURICH INSURANCE WEIGHS RSA BID
Zurich Insurance said it may try to buy U.K.-based RSA Insurance
in a deal that could be valued at more than $8 billion.
======= DOW JONES NEWSWIRES ANALYSIS AND COMMENTARIES =======
Briefly Blog
5 THINGS TO WATCH AT THIS WEEK'S FED MEETING
The Federal Reserve will issue a new policy statement Wednesday
at 2 p.m. EDT. Here are five things to watch.
Wealth Management Journal
BROKERS ARE TRUSTED LESS THAN UBER DRIVERS, SURVEY FINDS
More Americans seem to trust the drivers they hail on the
popular car-service app than brokers, according to Personal Capital
Corp., a Redwood City, Calif.-based registered investment adviser
that manages more than $1.5 billion.