Business Today: Apple drags on Nasdaq after revenue miss

		Click to View in Browser 07/25/2012 Apple drags on Nasdaq after revenue miss NEW YORK (Reuters) - Nasdaq index futures fell on Wednesday after Apple became the latest high-profile company to miss forecasts, though the broader market gained on a report the Federal Reserve was moving closer toward further stimulus for the sluggish economy. Britain sinks far deeper into recession than forecast LONDON (Reuters) - Britain's economy shrank far more than expected in the second quarter, battered by everything from an extra public holiday to government spending cuts and the neighboring euro zone crisis. Apple share price drop seen as buying chance as iPhone 5 looms (Reuters) - A rare quarterly earnings miss at Apple Inc prompted a few brokerages to slightly lower price targets for the stock but, with the next iPhone looming, most analysts urged investors to see this as a buying opportunity. Ford second-quarter profit beats estimates, sees $1 billion loss in Europe (Reuters) - Ford Motor Co , which reported a better-than-expected second-quarter profit on Wednesday, doubled its forecast for losses in Europe due to a deepening economic crisis that has pushed overall auto sales to their lowest level in nearly 20 years. For bullish Caterpillar, "this doesn't feel like 2008" (Reuters) - Caterpillar Inc , the world's largest maker of construction equipment, raised its 2012 profit forecast on Wednesday and said that despite pockets of weakness, the global economy was improving. Boeing profit up on rising plane deliveries (Reuters) - Boeing Co reported an increase in second-quarter profit on Wednesday as rising airplane deliveries offset higher pension costs. Shell ups China presence with CNOOC tie-up LONDON (Reuters) - Oil major Shell sealed an exploration tie-up with China's state-run oil firm CNOOC on Wednesday in a move which will help secure longer term growth from projects in the world's energy-hungry second largest economy. Euro crisis weighs on German business morale BERLIN (Reuters) - German business sentiment dropped in July to its lowest level in more than two years, adding to signs that Europe's largest economy is losing momentum along with its immunity to fallout from the region's deepening debt crisis. Spain feels debt heat, Greece way off bailout terms MADRID/BRUSSELS (Reuters) - Spain paid the second highest yield on short-term debt since the birth of the euro at an auction on Tuesday, and EU officials said Greece had little hope of meeting the terms of its bailout, casting fresh doubt on its future in the euro zone. Coty CEO Beetz retires ahead of IPO (Reuters) - Fragrance maker Coty Inc said on Wednesday Bernd Beetz is retiring as chief executive, just weeks after the company filed for an initial public offering. Related Video Too early to see Olympic UK growth boost - statistics office Market Pulse: Nowotny's call for fund boost no solace Economic News Crops get much-needed drink, more rains needed soon Manufacturing growth slowest in 19 months: Markit 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