Santander (NYSE:STD) – Co. is interested in acquiring in its home market, and will seriously consider acquiring a stake in a local savings bank. (Handelsblatt)

UK

GlaxoSmithKline (NYSE:GSK) – Co. sues Colgate-Palmolive over toothpaste ‘nurdle’ – court filing. (RTRS)

Anglo American – Co.’s H1 net income USD 2.1bln, and H1 EPS USD 1.84 vs. Exp. USD 1.79. Co.’s H1 revenue rose 35% to USD 15.02bln. Co. says it will resume dividend payments. (Sources)

British Airways (BAY) – Co.’s Q1 loss after tax GBP 122mln vs. Exp. loss GBP 167.5mln, and Q1 sales GBP 1.94bln vs. Exp. GBP 1.89bln. Co.’s cash balance GBP 1.75bln, and says it continues to target pretax break even for full year. (Sources)

Vedanta – Co.’s Q1 EBITDA USD 793.9mln vs. Prev. USD 354.7mln, and Q1 sales USD 2.38bln vs. Prev. USD 2.36bln. (Sources)

Investec – Co.’s 3-month net operating income rose 11%, and co. sees satisfactory performance in Q1. (Sources)

Companies paying Dividend: Land Securities (GBP 0.0700), Severn Trent (GBP 0.4561)

US

The closing half of the session saw stocks recover some of earlier losses but nevertheless finish in negative territory. The initial sell off was attributed in part due to worries that the eagerly anticipated Q2 GDP report will show that recovery moderated at a much faster pace. The bearish tone partly stemmed from Beige Book report on Wednesday which failed to convince the investing community that recovery remains on track. The latest earnings releases failed to lift investor appetite and consumer goods stocks were among the worst performers. Finally, at the closing bell DJIA closed down 0.29% at 10467, S&P 500 closed down -0.42% at 1101 and NASDAQ 100 closed down 0.66% at 1860.

JPMorgan (NYSE:JPM) US Equity Strategy raised S&P 500 companies FY’10 EPS view to USD 84 from USD 81, and keep S&P 500 companies FY’11 EPS view at USD 90 but sees upside likely. (RTRS)

Amgen (NASDAQ:AMGN) – Co. Q2 adjusted EPS USD 1.38 vs. Exp. USD 1.30, Q2 revenue USD 3.80bln vs. Exp. USD 3.74bln. Co. reaffirms forecast for year EPS and says year revenue to be below slightly prior view. Sees year adjusted EPS towards low end of USD 5.05-5.25 vs. Exp. USD 5.11. Q2 Aranesp sales down 13% to USD 603mln vs. Exp. USD 641.2mln, Q2 Epogen sales up 3% to USD 657mln vs. Exp. USD 650.4mln, Q2 Enbrel USD 877mln vs. Prev. 866.6mln. (Sources) Co. shares up 1.3% in after market trade following results.

MetLife (NYSE:MET) – Co. Q2 EPS USD 1.23 vs. Exp. USD 1.00, Q2 revenue USD 14.25bln vs. Exp. USD 13.05bln. (Sources) Co. shares up 3.7% in after market trade following results.

Expedia (NASDAQ:EXPE) – Co. Q2 adjusted EPS USD 0.44 vs. Exp. USD 0.42, Q2 revenue USD 834mln vs. Exp. USD 845.87mln. (Sources)

FirstSolar (NASDAQ:FSLR) – Co. Q2 EPS USD 1.84 vs. Exp. USD 1.62, Q2 revenue USD 588mln vs. Exp. USD 545.06mln. Co. boosts forecast and sees 2010 EPS to USD 7.00-7.40 vs. Exp. USD 7.12, sees YR revenue USD 575-625mln. (Sources) Co. shares fall 4.8% in after market trade.

Google (NASDAQ:GOOG) – Co. said its earlier report that Internet search services in China were being fully blocked could have been the result of a technical glitch that overstated the problem. (RTRS)

Microsoft (NASDAQ:MSFT) – Co.’s Ballmer says co. is working with partners on a tablet. (Sources)

Oracle (NASDAQ:ORCL) – US Justice Department files complaint against co., alleging contract fraud, says contract involved hundreds of millions of USDs. (RTRS)

General Electric (NYSE:GE) – US Defence department said co.’s aircraft engines is being awarded a maximum USD 445mln firm-fixed-price, sole-source, requirement-type contract for engine parts. The contract has performance completion date of March 31st, 2011. (RTRS)

Stanley Black and Decker (NYSE:SWK) – Co. acquires CRC-Evans for USD 445mln. (Sources)

Europe

Siemens (NYSE:SI) – Co. says it will take a close look at dividend strategy, according to its CFO. (FAZ)

BASF – Co. wants to raise its dividend. (Franfurter Allgemeine Zeitung)

Volkswagen – Co. has enough cash at hand for acquisitions. Also, Audi says it expects 2010 operating earnings, and operating margins up significantly Y/Y. (Sueddeutsche Zeitung /RTRS)

Heidelbergcement – Co.’s Q2 net profit fell 64% to EUR 120mln, but Q2 sales rose 9.5% to EUR 3.3bln. (Sources)

Total – Co.’s Q2 adjusted net EUR 3bln vs. Exp. EUR 2.65bln, and co. will pay interim dividend of EUR 1.14 per share. CO. says it is confident in prospects for H2. (Sources)

Sanofi-Aventis – Co. is considering small and medium sized acquisitions, and will not spend more than USD 20bln. (Le Figaro)

EADS – Co.’s H1 net income EUR 185mln vs. Exp. EUR 154.3mln, and H1 revenue EUR 20.3bln vs. Exp. EUR 20.4bln. Co. increases guidance for orders and revenue, as well as increases guidance for underlying profit, and free cash flow. Airbus raises FY target for gross orders to above 400. (Sources)

EDF – Co.’s H1 net EUR 1.66bln vs. Exp. EUR 2.52bln, and confirms 2010 financial targets. In other news, billionaire Li Ka-shing’s Cheung Kong Infrastructure Holdings Ltd. paid GBP 5.8bln for co.’s UK electricity networks unit. (Sources/FT)

Michelin – Co.’s H1 net EUR 504mln; vs. Exp. EUR 369mln. Co. maintains full year target of 10% volume sales growth. Co also says that’s rising raw material costs to hurt second half. (Sources)

Lafarge – Co.’s Q2 net EUR 329mln vs. Exp. EUR 324mln, co. cuts its cement market outlook for 2010. Co. sees cement demand down 1% to up 3% in 2010. (Sources)

Renault – Co.’s H1 net EUR 823mln vs. Exp. EUR 377mln. Co. says 2010 world car market to rise about 8%, co. also confirms target for positive free cash flow in 2010. (Sources)

Alcatel Lucent – Co.’s Q2 net loss EUR 184mln vs. Prev. profit EUR 14mln, and co. confirms 2010 outlook. (Sources)

Schneider Electric – Co.’s H1 net EUR 735mln vs. Exp. EUR 571.6mln, co. sees H2 organic sales growth broadly in line with H1, and raises guidance for year. Co. targets Ebita margin for year of around 15.5%. (Sources)

PPR – Co.’s H1 net EUR 403mln vs. Prev. EUR 189mln. (Sources)

Saint-Gobain – H1 net EUR 501mln vs. Exp. EUR 498mln, H1 sales EUR 19.53bln vs. Exp. EUR 19.11bln. Co. raises FY free cash flow target. (Sources)

Repsol (NYSE:REP) – Co. says it will list 40% of Brazilian business before the end year. (Europa Press)

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