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
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