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Financial World News:

Critical Outcome Technologies Inc. Reports Financial Results for the Fourth Quarter and the Year Ended April 30, 2008 (Fox News)
Critical Outcome Technologies Inc. Reports Financial Results for the Fourth Quarter and the Year Ended April 30, 2008

TCF Financial 2Q profit down on bad loan costs (AP via Yahoo! Finance)
Regional bank holding company TCF Financial Corp. said Wednesday its second-quarter profit fell 62 percent as the number of bad loans it wrote off nearly quadrupled, and it increased the amount it set aside to cover loan losses almost fivefold.

Financial Stocks: Freddie, Fannie in favor, as bank stocks edge higher (Market Watch)
Shares of Fannie Mae and Freddie Mac tug other financial stocks higher, as U.S. lawmakers moved closer to approving a plan to backstop the hard-hit companies.

Biotech Stocks: Drug stocks inch up; Wyeth climbs on financial forecast (Market Watch)
Drug stocks edge higher as shares of Wyeth gain after the company raises its 2008 financial forecast.

Dollar Rises to Four-Week High as Financial Loss Concern Eases (Bloomberg.com)
July 23 (Bloomberg) -- The dollar rose to a four-week high against the yen and advanced versus the euro as concern eased that losses at financial firms may prolong the U.S. economic slowdown and oil prices fell.

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