IBM profits surge despite economy

German production stalls in June
Industrial output in Germany grew by just 0.2% in June, adding to fears the economy is on the brink of sliding into a recession.

US loses 62,000 jobs during June
US firms cut jobs for a sixth month in June, stoking fears the world's largest economy is heading for a recession.

Theme parks lift Disney profits
Disney profits rise 22% as its theme parks and movies prove popular despite fears about consumer spending.

Mac sales push up Apple profits
Apple reports a 36% jump in quarterly profit to over $1bn as consumers snap up its MacBooks and iPods.

World shares down on market fears
Shares fall globally at the start of the week amid growing concerns over the state of the US economy.