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Pfizer's second-quarter earnings plunged 79 percent from last year, when the world's second-largest drugmaker booked a business spinoff gain of more than $10 billion. The latest results still edged analyst expectations.
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Europe, Asia stocks up ahead of US data

Youkyung Lee, Associated Press  |  posted 38 minutes ago
European and Asian stocks rose Tuesday ahead of a string of U.S. and Chinese economic reports later this week and despite the possibility of more sanctions on Russia. Wall Street was expected to rise on the open.
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Merck 2Q profit more than doubles

The Associated Press  |  posted Jul 29th - 5:30am
Merck & Co. (MRK) on Tuesday reported earnings that more than doubled in its second quarter, and topped analysts' expectations.
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Avoiding plane crashes as air traffic doubles

Scott Mayerowitz, Associated Press  |  posted Jul 29th - 4:40am
More travelers are flying than ever before, creating a daunting challenge for airlines: keep passengers safe in an ever more crowded airspace.
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Aetna 2Q profit rises 2.4 percent

The Associated Press  |  posted Jul 29th - 4:30am
Aetna Inc. (AET) on Tuesday reported profit that climbed by 2.4 percent in its second quarter, and topped analysts' expectations.
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Avoiding plane crashes as air traffic doubles

Scott Mayerowitz, Associated Press  |  posted Jul 29th - 4:30am
More travelers are flying than ever before, creating a daunting challenge for airlines: keep passengers safe in an ever more crowded airspace.
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US, EU preparing new sanctions against Russia

John-Thor Dahlburg, Julie Pace, Associated Press  |  posted 18 minutes ago
The United States and the European Union, finally in synch on how to deal with Russian President Vladimir Putin, are preparing a powerful one-two punch against Russia's economy, with EU ambassadors meeting on Tuesday to discuss a dramatic escalation in the trade bloc's sanctions.
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Waste Management selling subsidiary for $1.94B

The Associated Press  |  posted 28 minutes ago
Waste Management is selling a subsidiary to Energy Capital Partners for $1.94 billion as part of its effort to focus on its core business.
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Reynolds American 2Q profit climbs 6.7 percent

The Associated Press  |  posted 38 minutes ago
Reynolds American Inc. says its profit rose by 6.7 percent in its second quarter, topping analysts' expectations.
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China investigating Microsoft in monopoly case

The Associated Press  |  posted 48 minutes ago
China's anti-monopoly agency has announced an investigation of Microsoft Corp., stepping up pressure on foreign technology companies.
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Renault profits rise thanks to cost cuts

The Associated Press  |  posted Jul 29th - 5:40am
French carmaker Renault says its profits in the first half of the year rose, partly thanks to lower costs as its revenue dropped.
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EU clears state aid for ailing Polish carrier LOT

The Associated Press  |  posted Jul 29th - 5:20am
The European Union's antitrust authority on Tuesday approved the Polish government's 200 million-euro ($270 million) bailout for its ailing national carrier, LOT airlines.
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Study: 35 percent in US facing debt collectors

Josh Boak, Associated Press  |  posted Jul 29th - 5:10am
More than 35 percent of Americans have debts and unpaid bills that have been reported to collection agencies, according to a study released Tuesday by the Urban Institute.
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Swiss bank UBS settles German case as profits rise

John Heilprin, Associated Press  |  posted Jul 29th - 4:50am
Switzerland's biggest bank, UBS, reported Tuesday a 15 percent rise in second-quarter profit, driven by strong results from its core wealth management business and trimmed-down investment banking franchises despite a tough market environment.
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IMF approves new $5B credit line for Morocco

The Associated Press  |  posted Jul 29th - 4:40am
The International Monetary fund has announced a new, two-year $5 billion credit line for Morocco to support reform efforts.
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