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U.S. regulators looking into UBS, Deutsche Bank speed trading operations

FRANKFURT/ZURICH - Germany's Deutsche Bank and Switzerland's UBS said they were caught up in an inquiry by U.S. regulators, who are looking into whether broker-run stock exchanges gave an unfair advantage to high-frequency traders.

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U.S. regulators looking into UBS, Deutsche Bank speed trading operations

FRANKFURT/ZURICH - Germany's Deutsche Bank and Switzerland's UBS said they were caught up in an inquiry by U.S. regulators, who are looking into whether broker-run stock exchanges gave an unfair advantage to high-frequency traders.

Merck beats forecasts, newer drugs offset impact of generics

- Merck & Co reported better-than-expected quarterly results on Tuesday, with sales of newer drugs helping to offset the impact of generic competition on the sales of other drugs.

7:45am EDT

Reynolds American profit rises 6.7 pct on higher pricing

- Tobacco major Reynolds American Inc's quarterly profit rose 6.7 percent as price increases helped to make up for a drop in cigarette volumes.

7:57am EDT

UPS slashes forecast as it spends to boost capacity

- United Parcel Service Inc , the world's biggest courier company, slashed its earnings forecast for the year as it spends to boost capacity ahead of the holiday shopping season.

8:46am EDT

Pfizer beats forecasts as oncology drugs grow

- Pfizer Inc , which in May officially abandoned its bid to buy British rival AstraZeneca Plc, reported higher-than-expected second-quarter revenue, helped by growing demand for its cancer medicines.

8:05am EDT

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