Business Today: Poor earnings slam Wall Street with worst loss in four months

	Click to View in Browser 10/19/2012 Poor earnings slam Wall Street with worst loss in four months NEW YORK (Reuters) - Stocks suffered their worst day since late June on Friday, after bellwethers General Electric and McDonald's extended a string of disappointing earnings. Firm dollar, weak Europe crimp U.S. industrials' sales NEW YORK (Reuters) - Four top U.S. manufacturers, including General Electric Co and Honeywell International Corp, reported weaker-than-expected sales on Friday, in a fresh warning to investors that demand around the world remains sluggish. Exclusive: Credit Suisse to sell European ETF business - sources NEW YORK (Reuters) - Credit Suisse Group AG has put its $17.2 billion European exchange-traded fund business up for sale, according to sources familiar with the matter. Credit-card fee settlement sent for U.S. judge's approval NEW YORK (Reuters) - A proposed $7.2 billion settlement between merchants and Visa Inc and Mastercard Inc over credit-card fees was submitted Friday for approval by a federal judge, setting in motion what will be a contentious and closely watched battle over the fate of the potentially historic pact. GE cautious on 2013 after sales miss Wall Street target (Reuters) - General Electric Co reported weaker-than-expected third-quarter revenue, hurt by unfavorable exchange rates, and set a cautious tone for 2013, saying it expects the tough economic environment to continue. Okada appeals Wynn shutout, drops board-member election bid LOS ANGELES (Reuters) - Japanese billionaire Kazuo Okada has appealed a court ruling shutting him out of Wynn Resorts Ltd's November 2 annual meeting, but will drop attempts to nominate two independent members to the board of the casino giant. Boeing worker accuses State Street of overcharging on forex trades BOSTON (Reuters) - A Boeing Co worker has filed a lawsuit seeking class-action status against State Street Corp over currency trades in the airplane maker's $34 billion retirement plan. McDonald's sales growth cools, restaurant stocks fall (Reuters) - McDonald's Corp posted its worst quarterly restaurant sales growth performance in nine years, signaling broad pressure on an industry where resurgent chains like Burger King and Taco Bell are fighting aggressively for diners who are spending less to eat out. CEOs' rosy spin whitewashes weak results NEW YORK (Reuters) - Corporate America has been talking a good game this earnings season, but a closer look shows the results are not nearly as strong as CEO optimism might lead investors to believe. Home resales slip, housing recovery still eyed WASHINGTON (Reuters) - U.S. home resales retreated in September from a two-year high, a reminder that America's housing sector is a long way from a full recovery despite recent signs of improvement. Related Video Bono says Arab Spring 'inverted pyramid' in favour of people power Trading at Noon: From McDonald's to Microsoft-stocks down Economic News Firm dollar, weak Europe crimp U.S. industrials' sales VC investments fall to $6.49 billion in third quarter 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