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.