US MARKET BREAKING NEWS 22/7

1. General Electric EPS Beat Expectations, 34 Cents a Share vs 32 Cents Forecast

2. Fitch Will Place Greek Debt Into Restrictive Default

3. Verizon Posts 2Q EPS of 57 Cents, Topping Estimates, on Revenue of $27.54 Billion

3. Verizon Names Lowell McAdam as CEO, Ivan Seidenberg to Remain Chairman

4. Caterpillar Posts 2Q EPS of $1.72, Excluding Items, Short of $1.75 Estimate; Revenue Tops Views at $14.23 Billion

 

5. Honeywell Posts EPS of $1.02, Topping Estimates, Raises Year Forecast

6. McDonald's Posts 2Q EPS of $1.35, Topping Views, on Revenue of $6.91 Billion

7. The Dow opened lower Friday after Caterpillar's earnings missed estimates, offsetting gains in pre-market trading from GE's robust quarterly results and the agreement on a new Greek rescue deal.

8. House Speaker Boehner: We're "Not Even Close to an Agreement" on the US Deficit