Wells Fargo, the biggest US bank by market capitalisation, broke a streak of record profits over 15 quarters to report net income of $5.7bn in the second quarter, although it was higher than the same period a year ago.
U.S. stocks fluctuated as investors weighed the potential impact of financial stress in Europe amid corporate earnings. Portuguese bonds advanced for the first time in five days, while oil slumped.
Regulators have halted trading of over-the-counter stock CYNK Technology, a social networking company with no revenue or members that inexplicably gained about 25,000% in recent days - and reached valuations of more than $5 billion.
Photo. Reynolds American is the parent company of R.J. Reynolds, the maker of Pall Mall and Camel cigarettes.Credit Keith Srakocic/Associated Press.
With help from Natalie Villacorta. OBAMACARE'S HELPING THE UNINSURED - The evidence is piling up that Obamacare really does seem to be helping the uninsured.