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Updated: 4 hours 59 min ago

US Steel Income Cut in Half, but Beats View

Tue, 07/31/2012 - 8:45am
United States Steel says its second-quarter net income fell by more than half as slower global economic growth hurt demand in a number of its core markets.

Coach Revenue Misses on Factory Store Slowdown

Tue, 07/31/2012 - 8:45am
Strong sales overseas, particularly in China, gave a lift to Coach's fiscal fourth-quarter net income, but tight-fisted shoppers in North America led to lower-than-expected growth at factory stores.

Deutsche Bank Investment Bank Profit Plunges 63%

Tue, 07/31/2012 - 7:40am
Deutsche Bank saw second-quarter profit plunge at its investment bank, hit by the euro zone debt crisis.

U.S. Housing Recovery Tested as Economy Tempers Optimism

Tue, 07/31/2012 - 7:40am
While orders for new homes are rising at the fastest rate in two years, slowing job growth, tight inventories and a backlog of foreclosures threaten to put the brakes on a comeback.

Obama Urges 'Decisive Action' to Stop Euro From Unraveling

Tue, 07/31/2012 - 7:40am
President Barack Obama told Democratic donors that, while he doesn't think that the Euro will "unravel," European leaders should take "decisive steps" to solve their debt crisis.

Pfizer Beats Forecasts, Helped by Cost Cuts

Tue, 07/31/2012 - 7:40am
Pfizer reported higher-than-expected quarterly earnings, helped by cuts in research spending and other costs, and the company affirmed its 2012 profit forecast.

Facebook Fiasco Drags UBS Profit Lower

Tue, 07/31/2012 - 7:40am
UBS reported a surprise slump in profit, hit by a big trading loss on Facebook's stock market debut and a drop in revenue.

YouTube to Double Down On Its 'Channel' Experiment

Tue, 07/31/2012 - 7:40am
For Google's YouTube it was a $150 million experiment: Seed dozens of new video "channels" on its Web service and see what works.

Euro-Zone June Jobless Rate Steady at Record 11.2%

Tue, 07/31/2012 - 7:40am
The unemployment rate in the 17-nation euro zone stood at 11.2% in June, unchanged May's upwardly-revsed figure.

Drought Strains U.S. Oil Production

Tue, 07/31/2012 - 7:40am
One of the worst droughts in U.S. history is hampering oil production, pitting farmers against oilmen and highlighting just how dependent on water modern U.S. energy development has become.

Chinese Leaders Call for Efforts to Boost Demand

Tue, 07/31/2012 - 7:40am
Chinese leaders have warned that economic growth could slow further and are calling for renewed efforts to boost domestic demand.

Buyouts Top $35 Billion Led by Anheuser-Busch InBev Deal

Tue, 07/31/2012 - 7:40am
A race for a dwindling number of brewing assets in high-growth emerging markets is spurring beer makers to take full control of joint ventures to keep them out of the hands of competitors.

Stock index futures signal small rise at open

Tue, 07/31/2012 - 5:25am
Stock index futures pointed to slight gains at the open on Wall Street on Tuesday, with futures for the S&P 500 up 0.17 percent, Dow Jones futures up 0.22 percent and Nasdaq 100 futures up 0.28 percent ...

Analysis: Real estate bouncing back from investor pariah status

Tue, 07/31/2012 - 5:25am
Treated by many as a pariah after the U.S. subprime collapse triggered the 2007 global financial crisis, real estate is increasingly back in favor with insurance, pension and sovereign wealth funds. The ...

Euro zone inflation muted, joblessness hits new high

Tue, 07/31/2012 - 5:25am
Inflation in the euro zone remained steady for the third straight month in July, offering little comfort to consumers at a time when the number of people out of work continues to climb. Consumer prices ...

BP results show strain of Russia, U.S. spill

Tue, 07/31/2012 - 4:25am
BP Plc delivered the worst of a poor set of quarterly results among top oil companies on Tuesday, slashing $5 billion off the value of U.S. assets and undershooting expectations with its operating result. ...

Analysis: Loan cost divide highlights euro zone's problems

Tue, 07/31/2012 - 4:25am
Saara Merritt is excited. She and her husband have sold their house in a Helsinki suburb and taken out a cheap mortgage to buy a new, more spacious property back in her provincial hometown. At the other ...

ECB on course to act strongly or disappoint mightily

Tue, 07/31/2012 - 4:25am
European Central Bank President Mario Draghi must back up his pledge to do what it takes to protect the euro when the bank's policymakers meet on Thursday or else face deep disappointment from investors ...

Analysis: Jefferies poised for promotion into metals' top league

Tue, 07/31/2012 - 2:55am
U.S. investment bank Jefferies Group Inc is preparing to make its next big move into the global commodities markets, seeking membership on the London Metals Exchange and snapping up a team of free-agent ...

Shares rise on guarded stimulus hopes from ECB, Fed

Tue, 07/31/2012 - 1:05am
Asian shares rose on Tuesday on hopes for further stimulus from the European Central Bank and the U.S. Federal Reserve, both of which hold policy meetings this week, but skepticism about the long-term ...