Ginger Hyatt

The Indonesian government has asked Freeport McMoran Copper & Gold Inc. (FCX) to reduce its stake in its Indonesian unit to 49% by selling shares in an initial public offering in Indonesia, and to pay higher royalties on its massive Grasberg gold and copper mine, in a renegotiation of its operating

Total Access Communication, Thailand's second largest mobile phone operator by subscribers, Monday reported a 6.9% decline in its second-quarter net profit mainly due to higher costs.

"Eaton 2nd Quarter Net Up 14% on Acquisitions; Revenue Eases," at 6:54 a.m. EDT, misstated the company's full-year guidance.

Brazilian private-sector bank Banco Bradesco S.A (BBD) on Monday said it reduced its estimate for the expansion of its credit portfolio this year, amid the slowdown of the economy and a rise in nonperforming loans in the first half.

Idea Cellular Ltd. (532822.BY), an Indian mobile-telecommunications company, Monday posted a smaller-than-expected 32% increase in its net profit for the fiscal first quarter.

Halliburton Company (NYSE:HAL) saw its profit fall in the most recent quarter.

Wall Street headed for a sharply lower start Monday, set to follow a global equity rout as fears of a full-fledged Spanish bailout and a Greek exit from the euro returned to the spotlight.

Eaton Corp.'s (ETN) second-quarter earnings rose 14% on growth from the diversified industrial manufacturer's acquisitions, though revenue declined due to lower-than-expected market growth and foreign exchange rates.

With a rise in net income, Eaton (NYSE:ETN) beat Wall Street forecasts in the second quarter.Earnings and Revenue The company posted an EPS above analyst expectations, though revenues fell short of predictions.