Daily Investor Briefing: Wall Street falls on Europe crisis,...

	Click to View in Browser 07/24/2012 Wall Street falls on Europe crisis, earnings NEW YORK (Reuters) - Stocks fell on Tuesday, hit by signs the euro zone crisis is worsening and by evidence that Europe's slowdown is hurting American companies, including bellwether UPS. Apple revenue misses Wall Street forecasts, shares plunge SAN FRANCISCO (Reuters) - Apple Inc's quarterly revenue missed Wall Street expectations as brisk sales of new iPads failed to offset lower-than-expected sales of its iPhones, sending its shares down almost five percent. AT&T weaker business outlook dampens wireless strength (Reuters) - AT&T Inc pulled back its outlook for business services this year, sending its shares down 3 percent despite its better than expected quarterly profit as it reduced costs from customer upgrades to smartphones such as the Apple Inc iPhone. Apple claims $2.5 billion damages in Samsung patent case (Reuters) - Apple Inc claims it is entitled to $2.525 billion of damages in its high-stakes battle against Samsung Electronics Co over patents for technology used in smartphones and tablets, such as the iPhone and iPad. Spain feels debt heat, Greece way off bailout terms MADRID/BRUSSELS (Reuters) - Spain paid the second highest yield on short-term debt since the birth of the euro at an auction on Tuesday, and EU officials said Greece had little hope of meeting the terms of its bailout, casting fresh doubt on its future in the euro zone. Iraq blacklists Chevron for Kurdish oil deals BAGHDAD (Reuters) - Iraq hit out at Chevron Corp over its just-signed oil contract with Kurdistan, barring it from any oil agreements with the central government in a move meant to deter other companies from dealing directly with the semi-autonomous northern region. Netflix posts profit for second quarter LOS ANGELES (Reuters) - TV and movie rental service Netflix Inc reported a profit for the second quarter as revenue gained and the company's customer base expanded. Edwards Lifesciences profit rises on heart valve rollout (Reuters) - Edwards Lifesciences Corp on Tuesday reported higher-than-expected second-quarter earnings, driven by strong U.S. sales of its new artificial heart valve that is implanted using a less-invasive procedure than traditional open-heart surgery. Poor quality of Wells Fargo service angers bank analyst (Reuters) - Wells Fargo & Co ticked off the wrong customer. Spain feels debt heat, Greece way off bailout terms MADRID/BRUSSELS (Reuters) - Spain paid the second highest yield on short-term debt since the birth of the euro at an auction on Tuesday, and EU officials said Greece had little hope of meeting the terms of its bailout, casting fresh doubt on its future in the euro zone. Related Video New doubts surface in Europe Apple shares undervalued? Related News Manufacturing growth slowest in 19 months: Markit Italy, Spain and the war on short-selling: James Saft A daily digest of breaking business news, coverage of the US economy, major corporate news and the financial markets. Register Today   The latest Reuters articles on M&A, IPOs, private equity, hedge funds and regulatory updates delivered to your inbox each day. Register Today   » MORE NEWSLETTERS - 3 Times Square New York, NY 10036 USA © Copyright 2010 Thomson Reuters Ensure delivery of Reuters Newsmails, add mail@nl.reuters.com to your address book. Details Subscribe to other Reuters newsletters. Unsubscribe from this newsletter. Follow us on Twitter Friend us on Facebook Forward to a friend