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  • CHICAGO— Exelon Corp. on Wednesday reported second-quarter net income of $638 million. Exelon expects full-year earnings in the range of $2.35 to $2.55 per share. Exelon shares have dropped 16 percent since the beginning of the year, while the Standard& Poor's 500 index has risen nearly 2 percent.

  • LAKE FOREST, Ill. _ Hospira Inc. on Wednesday reported second-quarter profit of $145.1 million. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of 78 cents per share. Hospira shares have climbed 46 percent since the beginning of the year, while the Standard& Poor's 500 index has climbed almost 2 percent.

  • FALLS CHURCH, Va. _ General Dynamics Corp. on Wednesday reported second-quarter profit of $752 million. General Dynamics expects full-year earnings to be $8.70 to $8.80 per share. General Dynamics shares have climbed nearly 5 percent since the beginning of the year, while the Standard& Poor's 500 index has increased roughly 2 percent.

  • *Wall Street seen following higher. *China stocks stabilize after Monday's 8 pct drop. The rise in Europe and most Asian markets overnight looked set to extend to U.S. markets where stock index futures pointed to Wall Street edging up 0.2 percent.

  • July 29- U.S. stock index futures rose on Wednesday on hopes that Beijing could stem the rout in its markets and ahead of a statement from the U.S. *In a recent congressional testimony, Fed Chair Janet Yellen neither ruled out a September interest rate hike nor guided the market toward thinking it was a done deal. The statement is expected at 2 p.m. ET.

  • ATLANTA— Southern Co. on Wednesday reported second-quarter net income of $643 million. The average estimate of six analysts surveyed by Zacks Investment Research was for earnings of 69 cents per share. Southern Co. shares have dropped 11 percent since the beginning of the year, while the Standard& Poor's 500 index has increased nearly 2 percent.

  • BOSTON _ American Tower Corp. on Wednesday reported second-quarter net income of $156.1 million. The average estimate of eight analysts surveyed by Zacks Investment Research was for earnings of 49 cents per share. American Tower shares have declined 2 percent since the beginning of the year, while the Standard& Poor's 500 index has climbed roughly 2 percent.

  • LOS ANGELES _ CBRE Group Inc. on Wednesday reported second-quarter earnings of $125 million. CBRE expects full-year earnings in the range of $1.90 to $1.95 per share. CBRE shares have climbed 10 percent since the beginning of the year, while the Standard& Poor's 500 index has increased nearly 2 percent.

  • *European shares follow Asia, Wall Street higher. LONDON, July 29- European equities advanced on Wednesday, spurred by strong corporate earnings and gains in U.S. and Asian markets on hopes that Beijing could stem the rout in its markets without damage to the world's second biggest economy. "The results from European companies have been reasonably reassuring so...

  • LONDON, July 29- Britain's Compass Group, the world's biggest catering firm, said operating profit this year and next would be hit by restructuring costs as it looks to offset weakness in its offshore& remote business and in Australia, Brazil and Turkey. Shares in the firm fell 4 percent in early trade, the biggest fall on the FTSE 100 Index. The group reported organic...

  • The CSI300 index of the largest listed companies in Shanghai and Shenzhen rose 3.1 percent, to 3,930.4, while the Shanghai Composite Index gained 3.4 percent, to 3,789.2 points. Among the most active stocks in Shanghai were China Shipbuilding, up 10 percent to 13.94 yuan and Bank of China, down -0.64 percent to 4.64 yuan. Total volume of A shares traded in Shanghai...

  • KEEPING SCORE: France's CAC 40 rose 0.3 percent to 4,987.80 and Germany's DAX added almost 0.1 percent to 11,172.36. Britain's FTSE 100 gained 0.6 percent to 6,592.59. Wall Street was set to rise, with S&P 500 and Dow futures each 0.2 percent higher.

  • *Asia shares tentatively higher, helped by Wall Street rally. The steadier tone was enough to lift Australia's main index 0.9 percent, while MSCI's broadest index of Asia-Pacific shares outside Japan rose 0.4 percent. Japan's Nikkei eased 0.3 percent, hit by sharp falls in Fanuc Corp and Tokyo Electron.

  • HONG KONG, July 29- China stocks fell for a fourth day on Wednesday but losses were more subdued than earlier in the week after Beijing reiterated its determination to stabilise its wild equity markets. But China CSI300 stock index futures for August fell 1 percent to 3,646.4, or 150.37 points below the current value of the underlying index, pointing to...

  • SHANGHAI, July 29- Chinese shares fell for a fourth consecutive day on Wednesday, but the declines were modest as Beijing's efforts to prop up values appeared to have brought a measure of stability to its unruly stock market. After a dramatic plunge of more than 8 percent in Chinese stocks on Monday, China's securities regulator pledged to buy shares to calm the...

  • SHANGHAI, July 29- China stocks fell for a fourth straight session on Wednesday but losses were more subdued than earlier in the week, while futures markets steadied after the government announced more market support measures. China CSI300 stock index futures for August were little changed at 3,682.2, but still 118.71 points below the current value of the...

  • TAIPEI, July 29- Taiwan stocks fell on Wednesday, pulled lower by flat panels after one of the major television and gadget screen makers issued a downbeat outlook. The world's No.3 and 4 flat panel makers, Innolux Corp and AU Optronics Corp, suffered declines of 5.76 percent and 5.68 percent respectively, after the latter expressed caution about business in the...

  • *U.S. crude for September delivery dropped 25 cents to $47.73 a barrel as of 0003 GMT, after ending the previous session up 59 cents. The contract fell 17 cents in the previous session, and at one hit $52.28, its lowest since Feb. 2 on concerns about the stock market plunge in China, the world's largest energy consumer. *European Union foreign policy chief Federica...

  • *Investors shrug off China's falling stocks. NEW YORK, July 28- U.S. and European stock markets climbed 1 percent or more on Tuesday, reversing five days of declines, as investors looked past China's equities sell-off and took buying cues from earnings and mergers news. "The S&P has had five down days in a row and a lot of people are starting to nibble," said Michael...

  • THE WOODLANDS, Texas _ Anadarko Petroleum Corp. on Tuesday reported second-quarter profit of $61 million. The average estimate of 13 analysts surveyed by Zacks Investment Research was for a loss of 53 cents per share. Anadarko Petroleum shares have decreased 12 percent since the beginning of the year, while the Standard& Poor's 500 index has climbed roughly 2...