Business Today: Wall Street posts biggest drop since June on weak results

	Click to View in Browser 08/15/2013 Wall Street posts biggest drop since June on weak results NEW YORK (Reuters) - U.S. stocks had the biggest one-day percentage drop since late June on Thursday in higher-than-average trading volume after poor results and outlooks from Dow components Wal-Mart and Cisco. Dell's quarterly profit plummets as PC sales shrink SAN FRANCISCO (Reuters) - Dell Inc, the PC maker embroiled in a takeover battle between its founding CEO and activist investor Carl Icahn, on Thursday reported a 72 percent slide in quarterly earnings as PC sales extended their downward spiral. Judge expresses doubts about AMR bankruptcy exit NEW YORK (Reuters) - A judge asked AMR Corp for guidance on whether he should approve its plan to exit bankruptcy, in light of an antitrust challenge to its planned merger with US Airways Group Inc . Buffett's Berkshire buys Suncor, Dish as stock bet grows (Reuters) - Berkshire Hathaway Inc reported new stakes in Suncor Energy Inc and Dish Network Corp as the company run by Warren Buffett added billions of dollars of stock investments. U.S. jobs, inflation data support tapering of Fed bond buying WASHINGTON (Reuters) - The number of Americans filing new claims for jobless benefits fell to a near six-year low last week and consumer prices rose broadly in July, which could draw the Federal Reserve closer to trimming its massive bond-buying program. Wal-Mart sales disappoint as U.S. shoppers curb spending (Reuters) - Wal-Mart Stores Inc reported a surprise decline in quarterly same-store sales in the United States, its biggest market, after shoppers came in less often because higher taxes and gasoline prices were leaving them with less spending money. Kodak shareholders won't get voice as company eyes Chapter 11 exit NEW YORK (Reuters) - A federal bankruptcy judge rejected a bid by Eastman Kodak Co shareholders on Thursday to set up an official committee to represent their interests, as the company prepares to seek court approval next Tuesday to emerge from Chapter 11. Leonard Green weighs $1.5 billion sale of landscaping firm Brickman: sources NEW YORK (Reuters) - Leonard Green & Partners LP is exploring a sale of Brickman Group Holdings Inc that could value the largest commercial landscaping company in the United States at up to $1.5 billion, three people familiar with the matter said this week. Amgen seeks drug trial data before finalizing Onyx deal: sources NEW YORK (Reuters) - Amgen Inc, the drugmaker in advanced discussions to buy Onyx Pharmaceuticals Inc, has asked Onyx for some of the data from an ongoing trial on the company's new blood cancer drug, two people familiar with the matter said on Thursday. NHL's Devils sold to owners of Philadelphia 76ers NEWARK, New Jersey (Reuters) - A pair of private equity executives who own a majority of the Philadelphia 76ers basketball team on Thursday reached a deal to acquire the New Jersey Devils hockey team and its arena. Related Video Wal-Mart still a good core holding- Joe Feldman Trading at Noon: All that glitters is not gold, see Sprint Economic News U.S. jobs, inflation data support tapering of Fed bond buying U.S. yields jump to two-year highs on upbeat claims data 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