Fifty-six more on trial in Turkish coup plot case
Two retired Turkish generals went on trial on Monday in a group of 56 people accused of planning a coup in a case that highlights a power struggle over Islam's role in the European Union candidate country.
Iran's Khatami wants referendum on government's legitimacy
Iranian reformist former president, Mohammad Khatami, called for a referendum on the legitimacy of the government, challenging the supreme leader who has backed the result of the disputed June presidential poll.
U.S. housing inventory data points to stabilization
The U.S. housing market is showing signs of stabilization, according to inventory data released on Monday by national real estate brokerage ZipRealty.
Ayatollah warns against helping Iran's enemies
Iran's Supreme Leader Ayatollah Ali Khamenei warned senior officials on Monday not to help Tehran's enemies after two former presidents expressed defiant opposition to the result of June's disputed presidential poll.
Support for Obama on healthcare slips: poll
Public support for President Barack Obama's handling of healthcare reform, the pillar of his legislative agenda, has fallen below 50 percent for the first time, a Washington Post-ABC News poll released on Monday said.
Lufthansa takes tough stance to make M&A flurry pay
Deutsche Lufthansa could turn an airline sector slump to its advantage by negotiating lower prices and more cost cuts out of acquisitions it agreed last year that threaten to hurt its shares.
World's older people to reach 1.3 billion by 2040
The world's population of older people is growing at the fastest rate ever seen and the old will soon outnumber the young for the first time, U.S. researchers reported on Monday.
Halliburton profit drops 47 percent but tops forecasts
Halliburton Co , the world's second-largest oilfield services company, reported a 47 percent drop in quarterly profit as spending on oil and natural gas projects in North America slumped sharply.
Magna, Sberbank submit changed Opel bid: source
Magna and Sberbank have changed their offer for General Motors' former European unit Opel, a source familiar with the matter said.
Hasbro profit beats, Discovery deal to hurt less
Hasbro Inc , the No. 2 toy company, posted a higher-than-expected quarterly profit on Monday, helped by lower costs and demand for toys linked to summer movies such as G.I. Joe and Transformers.
Samsung Elec to invest $4.3 billion in green R&D
Samsung Electronics said on Monday it would invest 5.4 trillion won ($4.3 billion) in green research and development and facilities to make the world's largest memory chip maker a leading eco-friendly company by 2013.
Wall St set to open higher on CIT deal
Stocks were set to open higher on Monday, extending gains following Wall Street's best week in 4 months, after CIT Group Inc clinched a deal that could help avoid bankruptcy, removing some uncertainty as the financial sector recovers from a deep crisis.
CO2 caps central to climate fight: UK
A dual system of both national emissions caps and carbon trading schemes should play a central role in cutting global greenhouse gas emissions, a report commissioned by the British government said on Monday.
U.S. banks lift bar for Europe earnings
Stellar earnings from U.S. banks have raised expectations that European rivals will follow suit in the next month, although rising bad debts have the potential to douse that optimism.
Hasbro posts higher quarterly profit
Hasbro Inc , the No. 2 toy company, posted a higher second-quarter profit on Monday, boosted by demand for toys such as G.I. Joe and Transformers linked to popular summer movies.
Charles Schwab denies Cuomo's fraud allegations
Charles Schwab Corp , the largest U.S. online brokerage, denied allegations by New York Attorney General Andrew Cuomo of civil fraud in its marketing and sale of Auction Rate Securities .
U.S. recession easing but likely not over: survey
The U.S. recession's grip on the economy appears to be easing but likely has not yet ended, according to a survey of economists released on Monday.
Week Ahead in Tech - July 20
Apple, the iPhone maker, is scheduled to report their fiscal third quarter 2009 results after the market closes on Tuesday. Analyst estimate between $1.02 earnings per share to a high of $1.31, with a consensus estimate of $1.15.
IT spending forecasts improve, Cisco popular: UBS
U.S. and European IT budgets are expected to fall 2 percent over the next year, less than the 5 percent decline expected three months ago, according to a survey of 100 chief information officers carried out by UBS.
Futures up on CIT deal to avoid bankruptcy
Stock index futures rose on Monday after CIT Group Inc clinched a deal that could avoid bankruptcy, removing some uncertainty as the financial sector recovers from a deep crisis.
Daily Outlook for July 20 - Finance
The conference board's index for June will be released today at 10am EST. The June indicator is expected to show a slight gain after the number of housing permits rose. May indicators spiked 1.2 percent, topping the 1.1 percent jump in April that ended a long run of declines.
Daily Outlook - July 20
The following are highlighted earnings releases from Monday July 20 to Friday July 24, from Earnings.com
CIT clinches deal to stave off bankruptcy
CIT Group Inc's board signed off on a deal late Sunday for $3 billion in rescue financing from a group of bondholders, in a plan the lender hopes will stave off bankruptcy, a source close to the situation said.
Charles Schwab denies Cuomo ARS allegations
Charles Schwab Corp , the largest U.S. online brokerage, denied allegations by New York Attorney General Andrew Cuomo of civil fraud in its marketing and sale of Auction Rate Securities .
Australia says China must handle Rio case quickly
Australia's trade minister said on Monday that Australia wants more details on the detained employees of miner Rio Tinto from China quickly, but said the case would not hurt economic relations if handled properly.
Australia says China-Rio case a signal for investors
Australia's trade minister said on Monday China's detention of Rio Tinto employees would not hurt economic relations if handled properly, but said the case was a signal to everyone looking to invest in China.
Stock futures point to firmer Wall St open after CIT deal
U.S. stock index futures were higher, pointing to a firmer start on Wall Street on Monday, with both the Dow Jones futures and the S&P 500 futures up 0.3 percent by 3.56 a.m. ET, and the Nasdaq futures up 0.2 percent.
KKR Euronext listing moves closer; sees profit
Private equity firm Kohlberg Kravis Roberts & Co on Monday moved a step closer to merging with its Euronext-listed fund after receiving approval from the board of the fund to combine businesses.
Asia stocks hit 2009 high on earnings, CIT rescue
Asian stocks outside Japan rose on Monday to their highest level since the dark days following Lehman Brothers' collapse in September while the U.S. dollar fell, as strong company earnings encouraged investors to move into riskier, higher-yielding assets and commodities.
Asia stocks rally to 2009 high on earnings, CIT
Asian stocks rose on Monday to their highest level since the dark days following Lehman Brothers' collapse last September while the U.S. dollar fell, as a solid outlook for corporate earnings lured investors to riskier, higher-yielding assets and commodities.