TOP STORIES
BOEING SWINGS TO LOSS, BUT RESULTS STILL TOP VIEWS
Boeing Co. swung to a loss in the latest period and slashed its
earnings outlook for the year, hurt by large charges related to
expensive setbacks with the production of its commercial and
military jets.
COKE'S REVENUE SLIDES AS SODA VOLUME DECLINES
Coca-Cola said revenue slid more than expected in the latest
quarter on a decline in soda volume amid continued weakness abroad,
particularly in developing markets. Overall volume was flat.
STOCKS RISE AHEAD OF U.S. RATES DECISION
Stocks moved higher as U.S. corporate earnings continue to clear
analysts' low expectations.
U.S. DURABLE GOODS ORDERS TUMBLE 4.0% ON OVERSEAS TURMOIL
Demand for long-lasting factory goods fell sharply-4.0% in
June-in a sign overseas turmoil is weighing on U.S. manufacturers.
However, the decline was led by soft demand in the volatile
civilian aircraft and defense sectors.
T-MOBILE TOPS VIEWS AS CUSTOMER BASE GROWS
T-Mobile US posted better-than-expected earnings and revenue in
the most recent quarter as the wireless provider continued to grow
its customer base.
COMCAST REVENUE TOPS ESTIMATES AS VIDEO SUBSCRIBER LOSSES IMPROVE
Comcast reported better-than-expected financial results and
limited the loss of cable customers, despite the pressure from
cord-cutting and cheaper streaming options.
FIAT CHRYSLER PROFIT JUMPS ON ENHANCED EUROPEAN PERFORMANCE
Fiat Chrysler Automobiles nudged up its full-year financial
targets and reported a 25% rise in profit as the Italian-American
car maker's performance improved in Europe and held steady in North
America.
HILTON'S PROFIT CLIMBS, BUT IT LOWERS PROJECTIONS
Hilton Worldwide Holdings said profit climbed 48% in the latest
period, but it lowered its earnings outlook for the year amid
lackluster performance in a key industry metric.
FED UNIT PROTECTING YELLEN 'OPERATING EFFECTIVELY'
Federal Reserve Chairwoman Janet Yellen's personal security
detail is operating effectively, efficiently and in compliance with
the law.
NASDAQ NOTCHES GREATER REVENUE ACROSS ALL ITS UNITS
Nasdaq said its second-quarter profit fell but revenue increased
across all of its segments as the company continues to integrate a
number of acquisitions. Results beat Wall Street expectations.
EPIQ SYSTEMS AGREES TO $627 MILLION BUYOUT
Legal software company Epiq Systems has agreed to be taken
private in a $627 million buyout deal, ending months of merger
speculation.
LABORATORY CORP REVENUE AND PROFIT RISE
Laboratory Corp. said it posted revenue and profit growth in its
latest quarter as acquisitions bolstered results. It also said it
was buying Sequenom in a deal worth about $302 million.
STATE STREET FEE REVENUE DROPS ON WEAKER MARKET CONDITIONS
State Street Corp. reported a decline in revenue in its second
quarter as weaker markets hurt fees generated by the trust bank,
though its profit increased on lower expenses.
LACKING 'POKÉ MON GO' EFFECT, NINTENDO SWINGS TO LOSS
Nintendo reported a wider-than-expected first-quarter net loss,
but investors are hopeful for a turnaround as the videogame giant
moves to offer more lucrative smartphone games and a new
console.
NORFOLK SOUTHERN HELPED BY COST CUTS
Norfolk Southern posted better-than-anticipated earnings in the
most recent quarter despite a deeper slide in revenue as the
railroad operator continues to trim expenses.
MONDELEZ REPORTS HIGHER PROFIT, PLANS TO EXPAND IN CHINA
Mondelez International Inc. said its second-quarter earnings
rose 14% with a boost from income generated by its interest in the
snack maker's former coffee business.
BOOZ ALLEN BUOYED BY BACKLOG
Booz Allen Hamilton posted better-than-expected results in its
latest quarter on higher client demand, as the government
consulting firm reported solid growth in its backlog.
CARLYLE PROFITS SUFFER AS PRIVATE EQUITY SECTOR SLOWS
Carlyle Group's second-quarter profit declined as its buyout
funds' growth slowed and its hedge fund arm again weighed on
performance.
GLAXOSMITHKLINE SWINGS TO LOSS
GlaxoSmithKline posted a loss in the second quarter, reflecting
a £ 1.8 billion write-down related to the increased value of
liabilities following the sharp drop in the value of the pound
triggered by Britain's vote to leave the European Union.
ELI LILLY CEO TO RETIRE
Eli Lilly CEO John Lechleiter will retire at the end of the
year, the company said Wednesday, capping nearly four decades at
the pharmaceutical manufacturer and an eight-year tenure at its
helm.
======= DOW JONES NEWSWIRES ANALYSIS AND COMMENTARIES =======
Election 2016
CLINTON IS FIRST WOMAN TO WIN MAJOR PARTY NOMINATION
The convention's second night was designed to reassure voters
that they can trust Hillary Clinton. The validators tapped to send
that message ranged from Vermont Sen. Bernie Sanders to former
President Bill Clinton.
Central Banks
WHAT TO WATCH AT THE FED MEETING
Federal Reserve officials are virtually certain to leave
interest rates unchanged at their meeting that wraps up Wednesday,
but their policy statement will be scrutinized for any clues to
whether a September rate increase is in play.
(END) Dow Jones Newswires
July 27, 2016 10:02 ET (14:02 GMT)
Copyright (c) 2016 Dow Jones & Company, Inc.