Stress test methodology triggers jitters

Date: Fri, 23 Jul 2010 12:01:56 -0400

STRESS TEST METHODOLOGY TRIGGERS JITTERS
Details of the methodology behind the stress tests conducted on 91
European banks emerged Friday, erasing gains for the European single
currency.

U.S. STOCKS TICK HIGHER AHEAD OF STRESS TESTS
U.S. stocks edge up Friday as investors take encouragement from a
round of largely positive earnings, but concerns simmer that the
results of European bank stress tests won't resolve lingering
uncertainties about the banks' stability.

GOOGLE MISSES DEADLINE IN HIGH-PROFILE L.A. DEAL
Roughly nine months after Google edged out rival Microsoft to win a
high-profile contract to supply email and collaboration software to
the City of Los Angeles, the company misses a June deadline for full
implementation due to lingering security concerns.

AMAZON SHARES FALL AFTER EARNINGS DISAPPOINT
Amazon.com shares fall Friday morning, a day after the firm posted
second-quarter earnings that missed Wall Street's estimates as it
upped infrastructure and marketing spending.

AMAZON INCURS WALL STREET'S WRATH
At first blush it might seem that Wall Street is bored with Amazon.com
Inc., whose stock price has plunged to its lowest point in about nine
months.