Daily Investor Briefing: Apple revenue lags Street forecasts...

	Click to View in Browser 07/22/2014 Apple revenue lags Street forecasts SAN FRANCISCO (Reuters) - Apple Inc posted a worse-than-expected 6 percent rise in quarterly revenue on Tuesday, after selling 35.2 million iPhones into an increasingly competitive smartphone market. Microsoft revenue rises, profit falls as Nokia absorbed SEATTLE (Reuters) - Microsoft Corp said on Tuesday its fiscal fourth-quarter revenue rose, but its profit fell, partly due to the effect of incorporating the handset business of Nokia, which it acquired in April. Wall St. ends up, boosted by earnings and data NEW YORK (Reuters) - U.S. stocks rose on Tuesday as some positive earnings and economic data pointed to a market that still had room to rise despite the S&P 500 hitting an intraday record high. U.S. housing turning the corner, inflation creeping up WASHINGTON (Reuters) - U.S. home resales hit an eight month-high in June, suggesting the housing market was gradually regaining momentum and would help the economy to stay on a higher growth path this year. Coca-Cola sales miss estimates on flat North America growth (Reuters) - Coca-Cola Co is still grappling with a problem even as sales of traditional Coke rise in North America: U.S. consumers are drinking less diet soda. McDonald's profit falls on weak U.S., European sales (Reuters) - Quarterly profit at McDonald's Corp fell more than expected after established restaurants in its struggling U.S. division turned in a third straight quarterly sales decline and results from Europe also logged a surprise drop. U.S. judge orders Argentina, creditors meet until deal reached NEW YORK (Reuters) - A U.S. judge ordered Argentina and investors who did not participate in the country's past debt restructurings to meet "continuously" with a court-appointed mediator until a settlement is reached, warning of the threat of a new default. Facebook's Zuckerberg to testify at N.Y. forgery trial: prosecutors NEW YORK (Reuters) - The government will call Mark Zuckerberg to testify against an upstate New York man accused of trying to cheat the billionaire founder of Facebook Inc out of half his stake in the social media company, a federal prosecutor said on Tuesday. Wall Street rejects Ackman's Herbalife 'death blow' NEW YORK (Reuters) - Billionaire investor William Ackman's latest volley of accusations against Herbalife fell flat on Wall Street on Tuesday, with shares in the nutrition company soaring more than 17 percent. U.S., European airlines halt flights to Israel due to instability (Reuters) - U.S. air carriers Delta Air Lines, American Airlines Group and United Airlines on Tuesday halted flights to Israel under directions from the U.S. Federal Aviation Administration to ensure passenger safety as turmoil in the region has intensified. Related Video EU ramps up Russia rhetoric Breakingviews: John Thain's SIFI-ness Related News Fund managers unconvinced by Apple rebound Why your 401(k) isn't likely to offer a 'longevity annuity' 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