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About a third of S&P 500 companies have reported thus far,with 66.3 percent topping profit expectations, a rate that isslightly higher than the historical average. Roughly 54 percenthave beaten on revenue, below the 61 percent long-term average.
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Announcing their results for the first half of 2013, thechief executives of HSH, Helaba, Nord LB, LBBW and Bayern LB allsaid their business models were sustainable and their efforts tocut costs and restructure were paying off, albeit against adifficult backdrop.
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In an opinion issued this week and seen by Reuters, thelegal service of the European Council said EU law would onlyallow limited powers to be given to an agency to close orsalvage troubled banks, potentially undermining a centralelement of the scheme.
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The review is one part of PHMSA's ongoing investigationinto the cause of the leak and the regulator, a branch of theTransportation Department, is working to finalize itsunderstanding of the cause of the failure, the PHMSA spokesmansaid.