Among earnings, Research In Motion plunged after the embattled BlackBerry maker posted a wider-than-expected quarterly lossand added it would cut 5,000 jobs.
Nike also tumbled after the sports-apparel retailer missed earnings expectations and as margins took a hit from costs and a restructuring charge.
Ford Motors said its international losses will likely triple in the second quarter, citing weakness in European sales.
U.S. securities regulators may force the Nasdaq to upgrade its trading systems following last month's glitch-ridden debut of Facebook , according to a report in the Wall Street Journal.
JPMorgan's internal controls have come under increased scrutiny by regulators who have asked the bank to demonstrate its risk models are working properly, the Wall Street Journal reported.
And JPMorgan’s losses from derivatives trades could amount to between $4 and $6 billion in the second quarter, far more than the original estimate of $2 billion.The bank has now exited from over half of the derivatives positions and will still post a profit in the second quarter.
And UK financial regulator the Financial Services Authority (FSA) announced it had found failings on the part of banks which sold products to protect small businesses against a rise in interest rates.
Lloyds Banking Group, HSBC, RBS and Barclays will have to compensate customers who were sold the products and which suffered “severe impact” to their businesses.
None of the banks told their customers they would face higher payments if interest rates fell significantly or were frozen as happened in the wake of the financial crisis.
Anheuser-Busch InBev has completed the purchaseof the half of Modelo that it didn’t already own in a deal valued around $20 billion.
Alson on the M&A front, Constellation Brands bought the 50 percent of Crown Imports that it didn’t already own from AB InBev. Crown had been a joint venture between Constellation and Modelo.
—By CNBC’s JeeYeon Park (Follow JeeYeon on Twitter: @JeeYeonParkCNBC)
On Tap Next Week:
MONDAY: ISM mfg index, construction spending, Wal-Mart 50th anniversary
TUESDAY: Factory orders, auto sales; NYSE early close
WEDNESDAY: INDEPENDENCE DAY - Bond, equity markets closed
THURSDAY: Weekly mortgage apps, Challenger job-cut report, ADP employment report, ISM non-mfg index, oil inventories, chain-store sales
FRIDAY: Non-farm payrolls
More From CNBC.com: