France says seeks lasting Greek solution at summit | ReutersReuters - PARIS (Reuters) - France wants a lasting solution to Greece's debt crisis to be found and a Franco-German common position reached on the eve of a euro zone summit was a pre-condition for a deal, government spokeswoman Valerie Pecresse said on Thursday. Full Story |
| Euro up before EU summit; China data hurts stocks Wed,20 Jul 2011 11:14 PM PDT Reuters - SINGAPORE (Reuters) - The euro climbed for a third day on Thursday after news about a France-Germany accord on Greece's debt crisis relieved some concerns ahead of a European summit, while Asian stocks slipped after China manufacturing data contracted for the first time in a year. Full Story | |
 NEW YORK (Reuters) - Morgan Stanley is set to report a second-quarter loss on Thursday, as costs caused by a leftover item from the financial crisis compound the effects of a weak trading environment and stubbornly high expenses. | |
 SEATTLE (Reuters) - Microsoft Corp is expected to post a 9 percent increase in fiscal fourth-quarter profit on Thursday, helped by solid sales of its Windows and Office mainstays, but investors may be distracted by evidence of flickering computer sales, which are key to its success. | |
| China factory sector shrinks in July, first time in a year Wed,20 Jul 2011 09:06 PM PDT Reuters - BEIJING (Reuters) - China's factory sector contracted for the first time in a year in July and at its fastest pace since March 2009, a purchasing managers' survey showed on Thursday, as monetary policy tightening and slack global demand weighed on the economy.Full Story | |
| Japan exports beat forecasts, trade balance swings to Wed,20 Jul 2011 08:46 PM PDT Reuters - TOKYO (Reuters) - Japan's exports rose in June and the pace of annual declines slowed, bringing the trade balance back into surplus as factory output and sales steadily recover from the March 11 earthquake, tsunami and nuclear meltdown. Full Story | |
| Fashion magazines see increase in ad revenues Wed,20 Jul 2011 07:17 PM PDT Reuters - NEW YORK (TheWrap) - Magazine ad revenues have been increasing bit by bit as the economy recovers from the Great Recession, and the fashion glossies continue that trend with their September issues. Full Story | |
| Analysis: Boeing engine move is key Airbus win Wed,20 Jul 2011 07:10 PM PDT Reuters - PARIS (Reuters) - Airbus is savoring a victory that tastes even sweeter to the European company than a $23 billion deal to sell 260 aircraft to American Airlines : it has just forced Boeing to climb down over product strategy. Full Story | |
 WASHINGTON, Jul (Reuters) - The International Monetary Fund saidon Wednesday it remains concerned with the potential for a property price bubble in China even though the country's elevated inflation rate may peak within the next month or two. | |
| Banks ready multi-strand Greek rescue plan: sources Wed,20 Jul 2011 05:38 PM PDT Reuters - FRANKFURT/LONDON (Reuters) - Banks are poised to offer a complex Greek rescue proposal, which excludes a bank levy, to a meeting of euro zone leaders on Thursday, industry sources said. Full Story | |
 SAN FRANCISCO (Reuters) - Intel Corp trimmed its forecast for 2011 personal computer unit sales, warning of softness in mature markets and sending its shares down more than 1 percent even as its revenue outlook beat estimates. | |
| Qualcomm weak shipment forecast worries investors Wed,20 Jul 2011 05:18 PM PDT Reuters - NEW YORK (Reuters) - Qualcomm Inc said it will ship fewer cellphone chips than expected this quarter because its customers are shaving product inventories, sending its shares down almost 3 percent as investors worried the move could signal weakening demand due to an economic slowdown. Full Story | |
| American Express posts higher quarterly earnings Wed,20 Jul 2011 04:55 PM PDT Reuters - NEW YORK (Reuters) - American Express Co posted a 31 percent increase in second quarter profits, beating analysts' expectations, as customers spent more on their cards and the company's processing revenue jumped. Full Story | |
 BERLIN/PARIS (Reuters) - Germany and France have reached a common position on a second bailout of Greece in their effort to prevent the country's debt crisis from spreading through Europe, officials said on Thursday. | |
 (Note: Strong language used in quote, paragraphs 2 and 3) |
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