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Passfail.com News: Daily Market Wrap: July 30, 2012

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Published on Jul 30, 2012

The markets made some gains after a weak open but struggled to gain momentum as investors remained cautious ahead of news from the Fed and the European Central Bank.

Tech giants Apple (AAPL) and Samsung are set to face off in court today in a patent trial with billions of dollars at stake. The two companies are feuding over control of the smartphone and computer tablet markets in the U.S.

Insurance company Loews (L) is reporting a sharp decline in second quarter earnings, after a weak performance from its diamond drilling unit, Diamond Offshore Drilling (DO).

In M&A news, Shaw Group (SHAW) is set to be acquired by Chicago Bridge and Iron (CBI) for nearly $3 billion.

Shares of Roper Industries (ROP) are trading higher today after the medical and industrial equipment maker announced the acquisition of Sunquest Information Systems in a deal worth about $1.4 billion.

Tomorrow, we'll take a look at data on personal spending, as well as earnings results from BP (BP) and Pfizer (PFE).

This is Sayoko Murase for Passfail.com, taking you behind the ticker.

For Passfail.com, Behind The Ticker (TM)
Pass Fail News

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