Despite ongoing mortgage market turmoil, regulators for Fannie Mae and Freddie Mac have given no signal they will lift a cap on the companies home loan holdings, and opposition to such a move still appears firm within the Bush administration.
Asia-focused bank Standard Chartered beat expectations with a 30% jump in half-year profit on Tuesday and said it would consider more acquisitions to accelerate growth, including in South Africa.
Texas power company TXU, which has agreed to the largest buyout ever, said second-quarter earnings fell due to reduced demand from cooler weather, a planned outage at a nuclear site, and lower pricing.
Cadbury, the world's biggest confectionery maker, reported a drop in first-half profitability amid rising dairy prices and said the sale of its North American soft drinks business was still in the balance.
Industrial conglomerate Ingersoll-Rand posted profit that met Wall Street's expectations Friday, but its shares fell over 4 percent after the Bermuda-incorporated company said U.S. authorities were looking into its past tax filings.