Crude Futures Slip in Asian Trading
Crude-oil futures fell in Asian trading Wednesday from a seven-week high as hopes for further monetary stimulus faded while investors awaited weekly U.S. oil inventory data.
Ericsson Earnings Miss Views as Poor Margins Weigh
Swedish network equipment vendor Ericsson (ERIC) Wednesday reported a bigger-than-expected drop in second-quarter earnings with profits stunted by a high number of low-margin sales in Europe and slow demand in some markets, but said it expects improvement towards the end of the year.