Aaron's Daily WWW Newspaper

TOKYO (Reuters) - Toyota Motor Corp raised its annual profit forecast to a level well below market estimates, warning the stronger yen was hobbling it in the battle against South Korean rivals as it races to restore quake-hit production.

NEW YORK (Reuters) - Pfizer Inc reported higher quarterly earnings, as higher sales of animal health and nutritional products that the company aims to divest helped offset falling sales of its core pharmaceuticals business.

HONG KONG/LONDON (Reuters) - Hong Kong tycoon Li Ka-shing agreed to buy British utility Northumbrian Water Group for 2.41 billion pounds ($3.92 billion) in the biggest takeover this year of a British-listed company.

TOKYO (Reuters) - Japan primed financial markets on Tuesday for currency intervention after the yen tested record highs, signaling it may try to tame the unit with a combination of yen-selling and monetary easing.

LONDON (Reuters) - Barclays is set to cut about 3,000 jobs this year to reduce costs after a drop in bond trading and an insurance mis-selling charge cut first half profits by a third.

SHANGHAI/HONG KONG (Reuters) - China's central bank has halted offshore yuan borrowing by domestic companies, official media reported, a move seen as an attempt to clamp down on hot money flows at a time when the authorities are still tightening policy to battle inflation.

Americans cut back on their spending in June for the first time in nearly two years and their incomes grew by the smallest amount in nine months, a troubling sign for an economy that is barely growing.

Oil prices fell to near $94 a barrel Tuesday in Europe as worries over the state of the U.S. economy overshadowed a deal to raise the U.S. debt ceiling, a move that avoids the risk of a debt default.

Pfizer Inc. said Tuesday that its second-quarter profit rose 5 percent despite slightly lower sales, thanks to lower taxes and reduced restructuring charges from its 2009 purchase of Wyeth.

With just hours left before the national debt bumps against its ceiling, emergency bipartisan legislation to allow the government to borrow more faces one final test in the Senate. Expected passage there sends the bill to President Barack Obama, averting a potentially disastrous, first-ever government default and making …

Stocks fell again on Tuesday after grim U.S. manufacturing data fueled fears that the world's largest economy may be sliding back into recession.

Agribusiness conglomerate Archer Daniels Midland Co. said Tuesday its fiscal fourth-quarter earnings fell 15 percent as a higher tax rate offset surging revenue.

Toyota eked out a 1.1 billion yen ($14 million) quarterly profit and raised its annual earnings forecast Tuesday as it mounts a comeback from the devastation of the earthquake and tsunami in northeastern Japan.

Molson Coors Brewing Co. said Tuesday that its profit fell 6 percent in the second quarter, as increased prices and cost cuts were mostly offset by lower sales volumes and higher commodities costs.

U.S. stock futures are falling ahead of a vote in the Senate to raise the nation's borrowing limit.

Expectations Japan will intervene in currency markets grew Tuesday as the yen's rise to a near record high threatened to stall economic recovery in the aftermath of the March earthquake.

Americans cut back on their spending in June for the first time in nearly two years and their incomes grew by the smallest amount in nine months, a troubling sign for an economy that is barely growing.

The Republican Governors Association outraised its Democratic counterpart by a margin of 2-to-1, raking in $22.1 million during the first six months of this year.