How the LIBOR scandal could affect you
The LIBOR scandal -- the latest debacle to send ripples through the global financial system -- centers on the alleged rigging of a somewhat obscure banking survey.
Merck 2nd-Quarter Net Falls 11% on Year-Earlier Tax Gain
Merck & Co.'s (MRK) second-quarter profit declined 11% amid acquisition-related costs and a year-earlier tax benefit, while sales gains for newer drugs helped offset declines for older drugs.
MARKET SNAPSHOT: U.S. Stocks Gains On Hopes For Euro Zone
U.S. stocks rose Friday, with the S&P 500 index joining the Dow industrials in positive turf for the week, on reports Europe would move to curb its debt troubles.
Argentina's Newly Nationalized YPF 1st-Quarter Profit Down 18.9%
Argentina's recently nationalized oil producer, YPF SA (YPF, YPFD.BA), said Friday its first-quarter profit slump 18.9% on the year to ARS1.29 billion pesos ($280 million).
Mexico's Femsa 2nd-Quarter Net Profit Soars on Double-Digit Sales Growth
Mexican beverages and retail company Femsa (FMX, FEMSA.MX) reported higher revenue and net profit in the second quarter as sales increased across its businesses.
EARNINGS FORECAST TABLE: Continental 2Q 2012
The following is a summary of analysts' forecasts for Continental AG (CON.XE) second-quarter results, based on a poll of eight analysts conducted by Dow Jones Newswires (figures in million euros; EPS, dividend and target price in euro, according to IFRS).
Newmont Falls On Production Cut, Lower 2Q Profit
Shares of Newmont Mining Corp. stumbled 5.4% Friday, after the gold producer reported its second-quarter profit had fallen to $279 million, or 56 cents a share, from $387 million, or $1.04 a share, a year ago.
Arch Coal, NetSuite Among Stocks Gapping Up Friday
These stocks gapped up today and had open prices sharply higher than the previous trading day's close: Arch Coal (NYSE:ACI) opened at $6.05 after closing the previous trading session at $5.26, gapping up.
Facebook Inc. - Class A, Starbucks Among Stocks Gapping Down Friday
Here are stocks that gapped down today with opening prices significantly lower than the previous trading day's close: After closing the previous trading session at $26.84, Facebook Inc.
EARNINGS FORECAST TABLE: UBS 2Q 2012
The following is a summary of analysts' forecasts for UBS AG (UBS) second-quarter results, based on a poll of eight analysts conducted by Dow Jones Newswires (figures in million francs; EPS and target price in franc, according to IFRS).