Company News - Breaking News and Information from CNNMoney

4:20pm: Most banks did better than expected in the second quarter. But concerns about capital, credit and housing are likely to weigh on the sector for the rest of the year. more

WaMu: We have $50 billion in liquidity

5:30pm: The troubled savings and loan shoots down rumors of capital problems and says that it has beefed up liquidity by $10 billion in recent weeks. more

Judge halts Bratz copyright trial

5:47pm: The maker of the popular dolls seeks a mistrial in a lawsuit brought by Mattel, after a juror is dismissed over an ethnic slur made during deliberations. more

The consumer stands strong

Jul 23: Yes, the economy is in rough shape. But consumers still are spending and that's helped lift profits at companies like Pepsi, Mickey D's and Hershey. more

Rolling Stones switch label to Universal

5:16pm: The legendary British rock band leaves EMI Group, signing a long-term deal with Vivendi SA's Universal Music. more

More Company News

• Triarc shakes up Wendy's management

• Qualcomm plays favorites with Nokia

• Honda overcomes high yen, material costs

• Chrysler plans to drop leasing business

• General Electric reorganizes

• Major airlines downgraded by S&P

• GM extends employee discounts

• UBS hit with New York auction-rate security suit

• Union Pacific tops forecast

• Southwest earnings up 22%

• Ford posts largest quarterly loss ever

• National City loses $2.45 a share

• Hasbro sues 'Scrabulous' makers

• 3M profit gets international boost

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World's 25 biggest companies

Once again, Wal-Mart grabs the No. 1 spot on Fortune's Global 500 list. See which other companies are the largest on the planet. more

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