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Business

  • Zimmer's quarterly earnings up 16%
    Zimmer Holdings Inc. today reported second-quarter earnings of $176.5 million, or $1.03 per diluted common share, on net sales of $1.18 billion. That's a 16 percent increase from the $152.1 million, or 89 cents a share, on sales of $1.17 billion
  • GM quarterly profit falls 85% on recall costs
    DETROIT – Recall expenses chopped $1.5 billion from General Motors’ bottom line in the second quarter, as it added up the costs of repairs for nearly 30 million cars and set aside funds to compensate victims of small-car crashes.
  • China detains employees of suspect meat seller
    Five employees of a company accused of selling expired beef and chicken to McDonald’s, KFC and other restaurants in China were detained by police Wednesday after an official said illegal activity was an organized effort by the
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U.S. futures mixed after S&P closes at 5-year high

NEW YORK (AP) — Stock futures are mixed in light volume with markets awaiting the next rush of earnings reports

Dow Jones industrial futures are down 3 points to 13,403. The broader S&P futures have lost 0.40 points to 1,466.70. Nasdaq futures are up a point at 2,738.

Traders appear to be holding their positions a day after the Standard & Poor's 500 Index ended at a five-year peak.

Also Friday, the government reports on the U.S. trade gap for November. The forecast is that the deficit narrowed to $41.3 billion from $42.2 billion in October. Later Friday, the Treasury reports on the federal budget for December.

Wells Fargo on Friday is the first major bank to post earnings, They'll be followed next week by the global financial services company, Morgan Stanley.

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