IBT Staff Reporter

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Apple stock looks cheap ahead of results

Apple Inc should deliver yet another bumper quarter, but some investors are holding out for a monstrous second half when the new iPhone hits and a new online content service takes wing.

Wall Street ends higher, helped by Google

Google's blowout quarter led the Nasdaq higher on Friday, but mounting uncertainty about the government's ability to reach a debt-reduction deal may keep investors at bay in the coming week.

Investors toast Google results, shares surge

Shares of Google Inc surged as much as 13.5 percent on Friday, a day after blockbuster results and signs of success in mobile and social networking revived hopes the Internet titan was getting back on a growth track.

Euro zone summit on Greece called for July 21

Euro zone leaders will meet in Brussels on July 21 to discuss a second bailout package for Greece and the financial stability of the euro area, European Council President Herman Van Rompuy said on Friday.

Celebrity Gives to Scientology, But Not Kawasaki Disease

In the same week social media network, Facebook, helps to diagnose a young boy with a rare autoimmune disease, actor John Travolta, 57, and his wife Kelly Preston, who both falsely claimed their son, Jett Travolta, had Kawasaki disease, a rare condition which causes inflammation of blood vessels, chose not to donate to charities supporting the illness.

Analysis: AMR a prize, battle ground for Boeing and Airbus

American Airlines, which once pledged loyalty to Boeing Co , has let Airbus back into the room for negotiations on a potentially huge contract that could have far-reaching implications for the plane makers as well as the third-largest U.S. airline.

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