Main market news: Before the bell 7-27-07: Stocks trying to recover, but concerns linger According to a Lehman Brothers analyst, the third quarter has performed strongly for film companies so far, and could help make up for a slower second-quarter period. The following releases have performed or expect to do well in the box office. The upcoming release of News Corp's (NYSE: MWS) 20th Century Fox The Simpson Movie, Walt Disney Co.'s (NYSE: DIS) Ratatouille, Viacom Inc's (NYSE: VIA) Paramount Pictures release Transformers, and Time Warner Inc's (NYSE: TWX) Warner Bros studio Harry Potter and the Order of the Phoenix.
Starting Thursday, Chrysler Group leapfrogged ahead of General Motors (NYSE: GM) and Ford (NYSE: F) in consumer protection as it starts offering lifetime repairs for the key components of its cars and trucks sold in the U.S.. Chrysler's lifetime powertrain warranty program replaces an existing three-year, 36,000-mile warranty.
Yesterday, Google Inc, (NASDAQ: GOOG) signed a deal with Sprint Nextel Corp. (NYSE: S), making its biggest move yet on the U.S. mobile Web market. Google will build services to run on Sprint's planned WiMAX high-speed wireless network.
The European Commission has alleged Intel (NASDAQ: INTC) tried to use its huge market share to push smaller rival Advanced Micro Devices (NASDAQ: AMD) out of the central processing unit (CPU) business. Of course, Intel claims the European Union's antitrust regulator made errors of fact in its charge.
McDonald's Corp. (NYSE: MCD) plans to open all its U.S. restaurants to by 5 a.m., up from 75% today. It seems that Americans increasingly buy breakfast earlier and MCD hopes it would increase average sales per restaurant.
Cisco Systems Inc.'s (NASDAQ: CSCO) board authorized up to $5 billion in additional repurchases of its stock.
Closing Bell: Dubai sends jitters throughout the market (S, BBY)
Heinz looking good after the second quarter?
Why isn't Bank of America updating its shareholders on CEO situation?
