LONDON European stocks snapped a five-day losing streak on Tuesday, with merger activity and earnings news lifting major markets by more than 1 percent, as investors shrugged off another fall in Chinese stocks and Brent oil's slide to a six-month low.
WINSTON SALEM, N.C. - Reynolds American Inc. (RAI) on Tuesday reported second-quarter net income of $1.93 billion. The Winston Salem, North Carolina-based company said it had net income of $3.38 per share.
U.S. stock-index futures rallied, signaling equities will rebound after posting their longest losing streak since January. Standard & Poor's 500 Index E-mini contracts expiring in September increased 0.6 percent to 2,076.5 at 6:05 a.m.
Volkswagen overtook Toyota in global sales for the first half of 2015, bringing an end to the Japanese group's three-year reign as the world's top-selling carmaker.
LONDON - The British oil giant BP said on Tuesday that it had lost $5.8 billion in the second quarter, reflecting a huge settlement over the 2010 Gulf of Mexico oil spill.