TOP STORIES
VERIZON SETS SIGHTS ON FACEBOOK, GOOGLE
Verizon Communications is gunning for Facebook and Alphabet's
Google, following its $4.83 billion deal to acquire Yahoo Inc.
announced on Monday.
MCDONALD'S POSTS LACKLUSTER SAME-STORE SALES GROWTH
McDonald's posted weaker-than-expected same-store sales in its
latest quarter, a sign that the boost from its all-day breakfast
offerings may be receding.
STOCKS MIXED AS EARNINGS REPORTS DISAPPOINT
U.S. stocks were little changed after disappointing earnings
reports from Dow components McDonald's, Verizon and 3M.
AB INBEV RAISES BID FOR SABMILLER TO REFLECT WEAKER POUND
Anheuser-Busch InBev raised its offer for rival brewer
SABMiller, as it tries to quell an investor revolt following a fall
in the value of the British pound after the U.K. vote to leave the
European Union.
LVMH PROFIT WAS FLAT IN FIRST HALF
LVMH Moet Hennessy Louis Vuitton said its first-half net profit
was flat compared with a year earlier, dragged down by the fashion
& leather goods division.
DEUTSCHE BÖ RSE SAYS IT HAS REACHED LSE MERGER ACCEPTANCE THRESHOLD
Deutsche Bö rse AG said on Tuesday it had reached the 60%
minimum acceptance threshold for the proposed merger with London
Stock Exchange to go forward, a level it recently lowered from
75%.
NEW-HOME SALES POSTED SOLID GAIN IN FIRST HALF
Sales of newly built homes rose at a solid pace in the first
half of 2016, offering fresh evidence of healthy momentum in the
U.S. housing market as home-buyers enjoy low interest rates.
U.S. CONSUMER CONFIDENCE VIRTUALLY UNCHANGED FOR JULY
A gauge of U.S. consumer confidence edged lower, but was
relatively unchanged in July, a sign consumer spending could
continue to support the U.S. economy over the second half of the
year.
CATERPILLAR SLASHES GUIDANCE, ANNOUNCES MORE JOB CUTS
Caterpillar slashed its outlook and said it would cut more jobs
this year as the industrial giant continues to try to steady its
business amid depressed demand from the oil and gas industries and
increased global uncertainty.
3M SALES HURT BY ELECTRONICS AND ENERGY SEGMENT
3M Co. trimmed its sales outlook for the year, as the company
topped second-quarter profit expectations despite continued falling
sales in its struggling electronics and energy business.
ALLY FINANCIAL BEATS EXPECTATIONS
Ally Financial logged stronger-than-expected earnings and
revenue growth in its latest quarter despite a drop in auto
originations, thanks to higher yields on originations and the
bank's efforts to diversify its business.
OIL HITS 3-MONTH LOWS AMID GLUT OF GASOLINE
U.S. oil prices sank to a fresh three-month low Tuesday as
concerns about oversupply resurged.
NEW UNICREDIT CEO SHAKES UP BANK'S TOP RANKS
UniCredit's new chief executive announced a management reshuffle
and a new structure aimed at cutting costs and improving
decision-making at Italy's largest lender.
UNITED TECHNOLOGIES REVENUE CLIMBS
United Technologies Corp. boosted the lower end of its full-year
sales and revenue forecasts Tuesday as the company said revenue
climbed in its latest quarter, though profit fell.
LOW FUEL COSTS HELP JETBLUE'S PROFIT RISE
JetBlue Airways Corp. said its second-quarter earnings rose 18%
and the discount carrier continued to benefit from low fuel
costs.
OIL WORKERS STRIKE OVER SHELL'S PROPOSED CUTS
The contractors' 24-hour action won't affect production because
their North Sea rigs are undergoing maintenance, the company
says.
DISNEY UNIT GUILTY IN 'STAR WARS' ACCIDENT INVOLVING HARRISON FORD
Film-production company Foodles Production, owned by Walt Disney
Co., admitted health and safety breaches over an accident on the
set of "Star Wars: The Force Awakens" that broke the leg of
Harrison Ford.
ANGLO AMERICAN JUST SCRATCHING SURFACE IN EFFORT TO SLIM DOWN
As the diversified mining company tries to exit coal and sell
other businesses to reduce debt, its CEO is under increasing
pressure from anxious investors.
DUPONT, DOW CHEMICAL MERGER ON TRACK: CEO
The planned merger of DuPont Co. and Dow Chemical Co. remains on
track to close by the end of this year as DuPont's profit rose 8.4%
in the latest period, helped by solid results in its agriculture
and nutrition divisions amid lower costs.
AK STEEL SWINGS TO PROFIT
AK Steel Holding swung to a second-quarter profit as the
steelmaker reduced its exposure to spot prices and focused on more
profitable coated products.
======= DOW JONES NEWSWIRES ANALYSIS AND COMMENTARIES =======
Central Banks
5 THINGS 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.
Election 2016
PROGRESSIVE DEMOCRATS PUSH TO QUELL REVOLT
Leaders of the Democratic Party's progressive wing worked to
unify a party divided after a day of turmoil, with Bernie Sanders
leading the effort for Hillary Clinton.
(END) Dow Jones Newswires
July 26, 2016 13:02 ET (17:02 GMT)
Copyright (c) 2016 Dow Jones & Company, Inc.