TOP STORIES
BOEING RAISES OUTLOOK
Boeing boosted its earnings guidance for the year as it reported
a profit of $1.65 billion, or $2.24 a share, buoyed by continued
strong demand for the aerospace giant's jetliners. Revenue climbed
to $22.05 billion.
DEUTSCHE BANK FINANCE CHIEF FACES INTERNAL HEAT
Deutsche Bank's finance chief, Stefan Krause, has made an
overhaul of the bank's financial-reporting systems a cornerstone of
his six-year tenure at the bank. But with U.S. authorities citing
serious concerns about the bank's financial data, Krause himself is
now under pressure.
BODIES FROM MH17 LEAVE UKRAINE FOR NETHERLANDS
The first in a series of planes carrying bodies of the victims
of the Malaysia Airlines crash left Ukraine for the Netherlands,
where forensics experts will begin the complex task of identifying
the bodies.
WHIRLPOOL CUTS GUIDANCE, POSTS DECLINE IN PROFIT
Whirlpool's 2Q profit fell to $179 million, or $2.25 a share, as
the appliance maker's international operations experienced weak
sales. Overall sales declined to $4.68 billion. Shares drop 4% as
results missed analysts' expectations.
U.S. STOCKS TRADE MIXED
U.S. stocks traded mixed amid strong corporate earnings. Stocks
have surged to records in 2014 as improving economic data and low
interest rates boosted their appeal.
DELTA AIR LINES 2Q PROFIT RISES 17%
Delta earned $801 million, or 94c a share, on higher passenger
and operating revenue as traffic increased. Excluding items, EPS
was $1.04. Revenue rose 9.4% to $10.62 billion. Analysts expected
$1.03 EPS and revenue of $10.65 billion. Shares up 3%.
GENERAL DYNAMICS PROFIT SLIPS
General Dynamics's 2Q earnings slipped to $541 million as the
defense contractor recorded sales declines in three of its four
business units. Revenue fell 4.6% to $7.47 billion.
BCE TO TAKE BELL ALIANT UNIT PRIVATE IN $3.68 BILLION DEAL
Canadian telecommunications giant BCE plans to buy out minority
shareholders of its Bell Aliant division for about $3.68 billion,
aiming to simplify its overall corporate structure.
DAIMLER SECOND-QUARTER PROFIT RISES
Daimler reported a sharp rise in second-quarter operating
earnings on record sales at its Mercedes-Benz luxury car division
and confirmed it expects to report significant growth for the full
year.
PEPSI RAISES GUIDANCE ON STRONG RESULTS
PepsiCo said its 2Q revenue edged up 0.5% to $16.89 billion,
helped by higher beverage and snack volumes, as it increased its
earnings outlook for the year. Pepsi profit for the period dropped
slightly to $1.98 billion.
KERRY ARRIVES IN ISRAEL FOR CEASE-FIRE TALKS
U.S. Secretary of State John Kerry said there have been "steps
forward" in the diplomacy aimed at ending the fighting between
Israel and the Palestinian group Hamas.
======= DOW JONES NEWSWIRES ANALYSIS AND COMMENTARIES =======
Heard on the Street
BOE PAYS ATTENTION TO PAY
Last year, the substantial pay package granted to incoming Bank
of England Governor Mark Carney was attracting attention. This
year, the focus for the BOE is very much on what is happening to
everyone else's wages.
Grand Central
THE FED STILL HAS LITTLE REASON TO WORRY ABOUT INFLATION
The Labor Department's latest consumer price index report
suggests concerns about inflation pressures may again be premature.
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